about.ag Reading Room
... hidden documents about the bullion industryThis page is intended to shed light on the bullion industry, mainly behind-the-scenes wholesale trading.
For whatever reasons, the wholesale side of things has been largely hidden from the sight of the public. And from what I have seen, it seems like the big guys like it that way. Perhaps it is to keep trade secrets out of the wrong hands, perhaps it is just the way things have been, or perhaps there is stuff going on they know the public wouldn't like. A few simple examples: very few individuals are aware of wholesale bullion pricing, and even fewer are aware of how precious metals prices are determined (e.g. why the massive volumes of trades occur).
So when I come across interesting documents, I plan to place them here. Many of the documents come from lawsuits; it is important to remember that a lawsuit does not indicate wrongdoing. The documents here are simply whatever I can find that is normally hidden. Many come from lawsuits simply because I closely monitor a number of bullion lawsuits (and lawsuits often have exhibits with interesting documents). These should all be from public sources.
A-Mark Precious MetalsA-Mark Precious Metals is a bullion wholesaler (e.g. buying directly from the U.S. Mint). Their services include "financing, leasing, consignment, hedging and a variety of customized financial programs."
Baird & Co, Ltd.Baird & Co. Bullion Merchants is the "UK's leading full service bullion traders, manufacturers and refiners."
BrinksBrinks, Inc. services include armored transport and storage of precious metal.
Delaware DepositoryDelaware Depository stores metal for the CME Group (COMEX).
Dillon GageDillon Gage is a bullion wholesaler, and is an Authorized Purchaser from the U.S. Mint.
Farmer & Merchants Bank of Long BeachFarmer & Merchants Bank of Long Beach offers depository services to its customers (storing metal).
FideliTradeFideliTrade is a bullion wholesaler that "provides an array precious metals investment and account administration services to individual investors, as well as private banking, investment, trust and estate professionals." It is one of the U.S. Mint's distributors.
International Depository Services of DelawareInternational Depository Services of Delaware (Diamond State Depository until 2014) stores metal for customers. It is a subsidiary of Dillon Gage.
KitcoKitco is a large precious metals dealer based in Canada. It has been in the Canadian version of Chapter 11 bankruptcy since 2011.
MONEXMONEX is a large gold dealer, formed in 1967, located in Newport Beach, CA. One of the few companies to offer leverage to individuals.
NTRNTR Metals a/k/a Elemetal Direct. NTR was best known for making silver bars.
Provident Precious MetalsProvident Precious Metals is the retail website for Elemetal.
Republic Metals CorporationRepublic Metals Corporation is "one of the largest full-service primary precious metals refineries in the world."
(C) Copyright 2010-2017 About.Ag