For Sellers

• We continue to purchase gold in any quantity, and maintain the ability to lock prices. See our Gold Bids page for live pricing.
• Until industry conditions normalize, we may offer 1-7 business day payment terms on certain products in certain quantities. See our Gold Bids page for details.

• On January 26, major global refiner Metalor temporarily stopped accepting new scrap metal shipments and sending advance payments, citing a "highly constrained lending environment," inventory backlogs, production limits, and storm damage to its U.S. facility.
• United Precious Metals, another major refiner, announced similar restrictions. They have since resumed limited operations while remaining closed to new clients.
• Conditions persist, with refiners of all sizes having since announced some combination of intake pauses or limitations, processing delays, fee increases, suspension of advances, and the suspension of price locks.
• As of March 2, Elemetal, the largest secondary market bullion wholesaler in the U.S., resumed accepting price locks on gold bullion, though estimated payment times remain unchanged.  Other key distributors and wholesalers continue offering price locks, with the caveat of significant payment delays or reduced bids.
• The war in Iran has introduced additional uncertainty into global supply chains. While there are no immediate disruptions to gold supplier operations at this time, a protracted conflict could affect logistics and processing timelines.

For Buyers

• We are currently unable to accept appointments to purchase less than 1 ounce of gold. There is no order minimum for walk-in customers.
• We may charge a processing fee of $25 for in-person pickup orders under $5,000 which include products not already in stock.
• We have stopped accepting all online card payments, and must decline to accept in-store card payments if customers are waiting. See our Payment Policy for full details.
• We may be unable to accept small quantity orders for certain items.

• 1 oz Products
  • Live supply of sealed bars from LBMA Good Delivery brands remains strong.
  • We're generally able to fill quantity orders for common 1oz coins within 1-2 business days, though lower pricing is typically available with 4-7 business day fulfillment time on all quantities.
• Fractional Gold:
  • Fractional bar availability has improved, with a variety of brands and sizes available for order and limited quantities already in stock.
  • Fractional coin availability remains moderately strong, varying by size and series.
• Large Bars:
  • Our recommended kilo bar, the PAMP Suisse Cast Bar with Certificate, is available in very limited quantity. See all kilo products here.
• Large Orders: We can still fill large orders, with free or low-cost armored delivery on qualifying orders.
  • Fulfillment times on large orders range from same-day to 7 business days.

For Sellers

• We continue to purchase most forms of silver in any quantity, and maintain the ability to lock prices.
  • We are temporarily unable to purchase many alloyed silver products - with the exception of sterling silver flatware - and certain .999 silver bullion products. We are working to restore the hedging and settlement options which will enable us to resume purchasing silver in all forms.
• Until industry conditions normalize, we may offer 1-45 day payment terms when buying certain products and quantities. See our Silver Bids page for details and live pricing.
• Purchases involving more than (500) individual pieces may require 1-2 days for verification and processing.

• Most silver refiners are either not accepting material or quoting months-long processing delays with refining fees as high as 15%. Of those still accepting material, most have suspended the ability to lock prices prior to settlement, exposing dealers to market loss for weeks or even months.
• Elemetal, the largest secondary market wholesaler of silver in the U.S., has suspended price locks on all silver bullion. While some other major precious metals distributors and secondary market wholesalers still offer price locks, receiving and payment times are 3-6 weeks.

For Buyers

• We are currently unable to accept appointments to purchase less than (50) ounces of silver. There is no order minimum for walk-in customers.
• We may charge a processing fee of $25 for in-person pickup orders under $5,000 which include products not already in stock.
• We've stopped accepting all online card payments, and must decline in-store card payments if customers are waiting. See our Payment Policy for full details.
• We may be unable to accept small quantity orders for certain items.

• We often discount in-stock products. Check our Special Deals page for current deals.
• We are still able to fill large quantity orders on some products within 1-2 business days.
• Fulfillment is delayed by 4-6 weeks for many common products, many large bars, all freshly minted products, and virtually all specialty or fractional products.
• Price remains fixed on all confirmed orders, regardless of fulfillment times.

• A surge in physical demand after January 30's historic drop has left many distributors and secondary market wholesalers without live product.
• Product receiving backlogs at bullion wholesalers and processing backlogs at refineries (many of which are prioritizing gold) are contributing to product shortages. Many wholesalers have responded to backlogs by focusing on core product SKUs.
• Tariff concerns for Swiss brands, including PAMP Suisse and Valcambi, have eliminated a key source of large-format LBMA Good Delivery silver bars. These bars are currently only available in limited supply on the secondary market. SCOTUS' February 20 ruling in Learning Resources, Inc. v. Trump and the administration's imposition of increased global tariffs increase the likelihood of continued supply chain disruptions due to tariff uncertainty.
• Bid/ask spreads rose sharply on January 30, significantly increasing the costs and risks of stocking inventory. While spreads have mostly normalized, they remain slightly elevated.
• The war in Iran has introduced additional uncertainty into global supply chains. While there are no immediate disruptions to supplier operations at this time, silver supply chains may be particularly vulnerable to a protracted conflict due to existing processing backlogs and the concentration of shipping disruptions in the Middle East, including the effective halt of commercial traffic through the Strait of Hormuz.