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We've uncovered information raising the possibility another ugly blow up may be coming in the retail precious metals industry...
Warning
A somewhat known online bullion dealer recently had its BBB accreditation revoked amid a pattern of complaints alleging 1-3 month delivery delays, poor communication, and other service issues. (There are no reports of actual financial losses.)
The retail bullion market is relatively slow at present, with inventory highly plentiful. That's also why premiums today are low compared to most of 2020-2023.
As such, there is simply no good excuse for multi-week shipping delays after a customer's payment has cleared.
Regardless of market conditions, there is NEVER a reasonable excuse for multi-month shipping delays.
...
Patrick Vierra from SBTV spoke with Patrick Yip, Director of Business Development for APMEX about the types of precious metals he sees people buying and why.
Discussed in this interview:
01:10 Silver price and demand
08:14 Precious metals premiums in 2024
08:58 What are people buying and why?
17:08 Global tensions and precious metals
22:47 Walmart gold and silver