Update (March 30):
Due to the current high demand and the fact that 3 of the biggest swiss refineries are still closed , we are informing our customers that only a few gold bars are available for sale. This availability may change rapidly. Please contact our trading desk for updates
Demand for precious metals over the last few weeks has been unprecedented across the industry. The speed at which demand has increased overnight and the measures taken by governments to combat the epidemic have paralyzed the production and logistics chains of refineries.
This has resulted in the unavailability of most products and a sharp increase in premiums. Be aware, there is no real shortage of precious metals as a raw material. The problem is to obtain precious metals immediately in the form of bullion bars and coins.
This situation forces us to increase our buying commissions to reflect the increase in prices charged by our suppliers.
Even though we see very few sales from our clients, we are committed to improving our prices by buying back above the current spot price. The repurchase price will vary depending on the products sold.
Note that our delivery service is temporarily suspended.
Please contact our team if you have any questions.
Fabrice Drouin Ristori