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AMARK Buys BGASC - Monopoly Building?

Pyramid

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AMARK struck again, this time buying out BGASC. https://www.marketwatch.com/press-r...bullion-to-acquire-assets-of-bgasc-2022-08-30. Allegedly, the BGASC owners were going to close the business due to age, attrition, health, and personal reasons. Great for the employees of BGASC that may retain their jobs, but...

AMARK now owns 100% of JM Bullion/Provident/Silver.com, and now 100% of BGASC. AMARK also owns 100% of SilverTowne Mint. AMARK also owns a "minority" stake in Sunshine Mint (45%), Pinehurst Coins (49%), and SilverGoldBull (47%).

Sunshine Mint is the primary provider of planchets to the US Mint....competition is minimal as I understand it. AMARK and its subsidiaries is increasingly becoming the only game in town...this is probably not a good thing in the PM market for us small fry looking for competition.

Your thoughts please.
 

nickndfl

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BGASC sometimes has deals, but I just spent some good money at Silver Gold Bull. They have some of the best online gold prices especially francs, sovereigns and pre-1933. BOLD owns the silver market. Pinehurst sometimes competes, but the rest have higher premiums.