On January 7, 2025, A-Mark Precious Metals, Inc. (NASDAQ:AMRK) stock closed at $27.50 per share with a market capitalization of $637.563 million.
“As a long-biased fund, we prefer to own various countercyclical companies to lower the risk of our portfolio. At the beginning of the year, we identified a pawn store operator and a wholesaler / retailer of precious metals called A-Mark Precious Metals, Inc. (NASDAQ:AMRK) as interesting long-term opportunities that simultaneously provided a hedging function to our portfolio. We have exited our position in AMRK during the year. We believed that economic uncertainty and higher precious metals prices would spark renewed consumer demand for physical gold and silver coins. This demand did not materialize and we therefore saw no immediate catalyst in AMRK.” stated Night Watch Investment Management in its Q4 2024 investor letter
Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week’s sharp rally driven by weak U.S. jobs data.
Spot gold lost 0.2% to $3,356.91 per ounce, as of 1051 GMT, after rising more than 2% on Friday.
“The market will remain range bound with today’s pullback being in line with some the reversals seen across markets following Friday’s big moves, especially yields which are a tad firmer and stocks which have seen a rebound,” Saxo Bank’s head of commodity strategy, Ole Hansen, said.
Spot silver rose 0.3% to $37.14 per ounce, platinum fell 0.3% to $1,311.38 and palladium was down 0.8% at $1,199.08.
Canadian miner McEwen Copper, a subsidiary of McEwen Mining, has submitted a request to join an Argentine government incentives program that would give it significant tax breaks for its Los Azules copper project in San Juan province, it said.
Once the government gives McEwen the green light, its corporate tax rate for the Los Azules project will fall from 35% to 25%, and it will be exempt from value-added tax during construction and from export duties.
The second-largest consumer of gold in the country is India, after China. The country meets majority of its demand for gold through imports, along with locally recycled bullion.
Gold prices rose on Friday as investors turned to the safe-haven asset after United States President Donald Trump imposed fresh tariffs on a broad range of countries, while the market’s focus shifted to the U.S. non-farm payrolls report.
Spot gold was up 0.3% at $3,299.54 per ounce, as of 1119 GMT. However, bullion is down 1.4% so far this week.
U.S. gold futures rose 0.1% to $3,351.40.
“The incoming US jobs report may also trigger another big move for gold. Another demonstration of resilience by the U.S. jobs market could send gold southbound towards $3,200,” Han Tan, chief market analyst at Nemo.Money.
Spot silver fell 0.7% to $36.49 per ounce, platinum lost 1.6% at $1,269.27 and palladium was down 1.7% at $1,170.35.
Gold (XAU/USD) rose sharply during the Asian session on Thursday, reaching $3,126.67, as global markets reacted to renewed trade tensions.
Silver (XAG/USD) is trading at $33.28, having touched a session low of $33.07. Despite gold’s upward momentum, silver’s response has been more restrained, weighed down by its industrial use case.
Have you been looking for a place to sell your gold and silver valuables? Are you having trouble trying to figure out how to find reputable gold dealers? Or have you just wondered where to buy gold and silver bullion and coins? Maybe even platinum or copper? Well here is the simple guide to finding reputable gold and silver dealers in your state.
I’m currently building a comprehensive directory of gold and silver dealers across all 50 states HERE, and through this process, I’ve learned that not all “gold dealers” are created equal. Many shops listed on Google as gold dealers are actually jewelry stores, pawn shops, collectible shops, or novelty stores not specialized precious metals dealers.
This confusion makes it frustrating for investors and collectors like you who want to find legitimate bullion dealers who understand the market, track current spot prices, and offer fair, transparent pricing. That’s what this guide is all about helping you cut through the noise and find reputable gold and silver dealers in your state.
Let’s get started!
What Makes Gold Dealers Reputable?
When dealing with decisions like spending your money like on anything really, you want to make sure you’re purchasing an item from a place you can trust. Make sure that when you’re searching you find out if the gold dealer is licensed or certified. This helps build trust for you and brings you back to a reputable place.
Finding a physical storefront is one of the key signs of reputable gold dealers. Unlike online only operations, reputable gold dealers with physical locations offer face-to-face service where you can ask questions, inspect products before purchasing, and build a trusted relationship with knowledgeable staff. This is my preferred way to purchase gold and silver. I like to know what the they have, when they might get more silver rounds or gold rounds, and the list goes on. It’s the piece of mind that I’m buying from a real person that just makes the buying process easier.
While looking or calling around make sure to pay attention to when the dealer has been established in the area. The business could be apart of the community for as long as 10 to 20 years or more and others as little as a year. This could be important to you as it could show that it is a trusted business, has made a name for itself, and is trusted in the surrounding community.
Once inside the establishment ask questions. Make sure the people you are talking to are transparent on their pricing and their processes. What they look for when buying gold and silver. How they do their percentage vs the spot price. For example, some dealers will give you 80% of the value in cash or check.
Reputable gold dealers storefront exterior
Red Flags to Avoid
There are some red flags to look out for when checking out these shops. Many that I have found have not had these red flags but that’s also because I know what to look for so let me help!
No physical address or “mobile only” operations
When I have googled some locations you will only see a street and real address to go to but they have a website. Check the website, trust me that’s a sure fire sign that’s an online business and they don’t take walk-ins or have any items to physically look at. This is a red flag because it looks dishonest to those who want to see what they are buying or want to sell their valuables.
Pressure tactics or “limited time” offers
Feeling pressured into buying their items or selling your valuables without getting a second quote is unprofessional and disrespectful of you and your time. That’s your red flag that you need to go elsewhere. There is also no such thing “limited time” on gold and silver. This isn’t a sale of merchandise that can be marked down that’s not how precious metals works.
Prices that seem too good to be true
Similar to the “limited time” offers, these are prices that just can’t come down like that. This could mean that these precious metals are not 100% gold, silver, platinum pieces. These could be “mixed” metals and/or could just be plated in gold that could bring the price down.
No reviews or all negative reviews
Having no reviews at all is not a good sign for businesses that are claiming to be “gold dealers” or “coin dealers”. So that is definitely a red flag. And of course if there are only bad reviews that you see within the first scroll through, and I’ve seen some, maybe don’t go there.
Unwilling to show credentials or explain process
This is a no-brainer. If the store owners or managers don’t have their credentials at least mounted somewhere or are unwilling to tell you how they handle their process HUGE red flag.
Cash-only, no receipts
Another no-brainer, if you’re not given a receipt. I’m sure many would think “why would I want a receipt?” Well the answer is clear. You will need this for your and their protection. If you are someone who is selling their coins for cash you, as the customer, need documentation that you agreed to the price given to you for the cash or check you receive. This is also have your signature and carbon copy (usually). But if this is not something that happens RED FLAG!
What to Look for in Reviews
I will admit that there are some locations across the U.S that I have added to the directory that don’t have many reviews. Some are newer locations and there might be a beaming review by just a few people but that speaks volumes to some. Generally you want to look for positive feed back of course. When it comes to physical locations seeing more positive reviews is always a plus and helpful.
Make sure to look for more recent reviews those are always helpful. Older reviews can be helpful too if it’s on a specific note that showcases experience or professionalism. Mentioning specific specialties in precious metals is always a plus but not very common unfortunately.
Definitely look for keywords like “professional”, “excellent service”, or “knowledgeable” these will help you before calling or walking in. These keywords show that they are helpful and when seeing more of this will give you a more confident outlook before going in person.
Customer meeting with reputable gold dealer
Questions to Ask Before You Visit
Every time you go somewhere I’m sure you’re expecting for someone to approach you and ask “Did you have any questions?” or “Is there anything I can help you with?” well when going into some of these shops you may or may not be greeted. That’s happened to me, no greet but once I walked up and spoke to the person behind the counter I started asking questions and he was very helpful.
Some questions you might want to ask when going into a precious metals establishment may be:
Are you licensed and insured?
What’s your testing process?
How do you determine pricing?
What forms of payment do you accept?
How do I receive payment?
What are some types of metals or collections do you accept?
Do you do trades? (some do but don’t expect it)
Do you buy estates?
I’m sure there are many more that you can think of but here are some questions that would benefit you. My most important question when I first walked in was “What is your percentage?”. I wanted to know if they go by spot price and take their percentage. Some are higher than others but you have to ask or they won’t tell you.
Just ask as many questions that you need. Asking questions is key!
How To Use This Directory
This directoryis fairly new but I have put lots of time into making sure that you are able to find a local gold dealer in you area. I have gone through 19 states so far and counting! I am currently posting a new state every few weeks.
When going through the directory, look for your state, when in your state there will be Gold Dealers in you area and Coin Dealers in your area. In some cases you will find a section with Refineries in certain states. Unfortunately not all states have refineries in the area.
This directory will have physical shops ONLY. Anyone can look online and find gold and silver dealers and many will want to go that route. Here the goal is to help you find a location that’s not a pawn shop and specializes in coins, bullion, jewelry, banknotes, silver, gold, platinum, and more.
You will find the names of these shops, location by map, phone number, hours, and rating. If you hover over the name of the shop it will link to their website (If Any).
I am constantly trying to improve the user abilities of this directory. You can also find some other blog posts I created, like these:
Don’t be afraid of doing a little more research or calling around before walking into an establishment. Trust your instincts. Ask any questions you may have you’ll be surprised how knowledgeable reputable gold dealers are and how willing they are to educate customers.
