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Tuesday, February 2, 2021

MintBuilder Statement On Current Market Conditions

 

MintBuilder Statement On Current Market Conditions:

In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about three times earlier in the week and closer to six times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as ten times a typical business day and more than 14 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in two weeks.

Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have several partnerships that allow us to purchase bullion when most of the market is out, however even with this we exceeded our comfort levels, we had little choice but to stop the sale of Bullion on our website. This was a difficult decision to make and unprecedented in our history.

As we evaluate the markets, it is difficult to know where Silver's price and demand will go in the coming day and weeks. MintBuilder has made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal. It is also highly likely that we will need an additional few days to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners. In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability.

We have set aside plenty of inventory for all subscriptions and we have a good amount of semi Numismatic, Numismatic and Coin Jewelry at the best prices available. We will be adding more in the next few days.

We want to thank our customers for their patience and understanding during these turbulent times. MintBuilder prides itself on providing the best customer/member service in our industry

Sincerely,

Mathew Barkes
CEO MintBuilder

Paul Stramer's link to Mint Builder is https://mintbuilder.com/296110

5 comments:

  1. Precious metal turbulence is an indicator of a system attempting to offset instability

    ReplyDelete
    Replies
    1. Matching what I see also, Expect the Monson for Wall street greed's.

      What goes around comes around.

      Delete
  2. Marvin Gene Roberts,

    You have probably asked yourself this very question...

    What makes Quick Silver so special?

    Here are the answers…

    *We are positioned at the perfect time. (The Economic Trends are HUGE)

    *The precious metals industry is HUGE and who wouldn't want piles of it?

    *The plan is the simplest in the industry and is designed to get you on the fast track to living the wealthy life.

    *Everything needed to start earning immediately is available (Systems do the work).

    *We help you turn your prospects into customers (You keep the money).

    *Residual income is so important to work toward.

    *Protect yourself and those you love by preserving your wealth with precious metals that will never be worthless.

    *Plus much, much, more...

    Even if you don't have much time and are not business savvy no worries!


    This can still work for you!

    I am here to help you achieve your goals so call me, email me, or text me.


    To The Wealthy Life!



    Paul Stramer
    Wealth Ambassador
    (406) 253-4257
    pstramer@eurekadsl.net

    https://www.quicksilver.me/296110


    ReplyDelete
  3. Yes I am a member in good standing of both MintBuilder and Quicksilver.
    Quicksilver is a spin off started by two of the top distributors in MintBuilder a little over a year ago, who wanted to do more with bullion rather than graded Mint State coins. Both are good companies but I focus more on MintBuilder because it's a better compensation plan.

    ReplyDelete
  4. I bought 60 silver coins from Quick Silver.
    What's it's value now?

    ReplyDelete

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