Dear valued customers, due to an unprecedented level of demand, we ask for your patience as we experience heavy site traffic, shipping delays and some items out of stock.
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Home | Market Volatility & Extreme Bullion Demand

Market Volatility & Extreme Bullion Demand

The Industry is on the Move!

We are sure you have seen updates at every turn of extreme market swings, and alerts that the market is moving. Presently, these are not just the usual notifications of weekly price bumps, but more of an alert to an industry-wide shift. There has been a surge in the entire precious metals complex to unprecented levels of demand for physical precious metals. What does this presently mean to the sales of products and their availability? There will be far fewer product options in the marketplace, longer delivery times and higher prices to acquire physical metals. As a manufacturer, we have seen our prices to acquire raw goods significantly increase. As a reseller of other mints' goods, we have seen their prices multiply exponentially. That is, if they are even available in the marketplace as many have shutdown or even stopped accepting orders.

 

Golden State Mint's Stance and Action

We are striving to keep things as close to normal as we can for our clients, however, we will have to adjust where necessary to cope with the demands of the industry-wide ripples felt. As a mint and direct retailer, our position is unique and we have an advantage over most others who have to wait on unknown production availability and delivery times (if they're even able to lock-in an order). We have always maintained a large inventory of product for immediate delivery, but that just doesn't seem to be enough in the present days' environment. For many products that we make, our main hurdle is converting raw pure metal into finished goods and products to be shipped out. When you place an order with us and complete payment you then own that product. We have the metal and we will complete its production and get it to you even if the time to get it in your hands is increased beyond normal timeframes. We are working diligently to grow and train new staff for many departments to increase production, packaging/shipping as well as customer support.

 

Some of the top questions we are hearing:

Are you out of silver?
Not even remotely close. We maintain very high volumes of metal on-hand, along with well-scheduled long-term incoming flow. We do not oversell our dedicated metal allotments. We are working very hard every day converting that metal into the products you order, meanwhile increasing personnel, shifts and production capacity.

 

Why are delivery times going to take longer?
In this time of record-breaking demand, any product normally stocked on the shelf is rapidly selling as we are manufacturing more for all orders being placed. With a large list of orders in the queue, it may take longer until your turn for fulfillment comes to the top of the list.

 

Why are some products out of stock?
If it is a product we do not make such as an American Silver Eagle, it may be a case of high demand and overwhelming backlog for live product in the wholesale marketplace. If it is a product we mint at GSM, we may simply be focusing on fewer products to streamline production and fill orders faster.

 

***MOST IMPORTANTLY, once your order is locked-in and paid in full, you maintain your position in the order delivery queue. You own that metal at the purchased price, and it will be delivered.***


Why are some products out of stock?
If it is a product we do not make such as an American Silver Eagle, it may be a case of high demand and overwhelming backlog for live product. If it is a product we mint at GSM, we may simply be focusing on fewer products to streamline production and fill orders faster.

You Own Your Product

With Golden State Mint once you place your order and complete your payment in full that precious metal is owned by you. We need time to take that metal and make it into the products you selected, package and ship it to get your product in your hand. We ask that you understand and have patience with us as we strive to ramp up production and shipping to get that process completed.

Weekend Shutdown?

With such a high amount of incoming orders and the extreme volatility of the market when it is closed over the weekend and then opens on Sunday that negative impact could be staggering. As we always do our best to offer the best prices in the industry, we have less margin for coping with such a potential gap in prices. As we must think of our customer's best interests, we must also think of our company’s employees and their families and how ensuring our companies stability ensures there well being as well. This is not something we want to do however we feel it is the best option to ensure everyone’s best interest and our ability to remain the best option for our customers. We will reopen sales after the market opens Sunday evening.

We here at Golden State Mint want to thank all of you, our loyal long-time customers and all of you just trying us for the first time for your patronage as well as patience and understanding. We pledge ourselves to work hard and getting your product in your hands.