Gold.com, Inc.

Gold.com, Inc.

Overview

Gold.com, Inc. (formerly A-Mark Precious Metals) is a vertically integrated precious metals company that buys, sells, markets, mints, stores, and finances gold, silver, platinum, palladium, and copper products. The company operates through three reportable segments — Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending — and maintains a global footprint across wholesale, direct retail, and secured lending activities. Vertically integrated capabilities include trading, distribution, logistics, minting, storage, hedging, financing, and consignment services. The company owns minting operations (Silver Towne Mint and Sunshine Minting, with Sunshine Minting expanded in April 2026) and operates two mints through its AMST subsidiary.

Segments

Wholesale Sales & Ancillary Services

• Wholesales thousands of precious metals products (coins, bars, ingots) across gold, silver, platinum, and palladium.
• Customers include coin/bullion dealers, banks and financial institutions, investment advisors, manufacturers, and collectors.
• Authorized distributor/purchaser of major sovereign mints (e.g., US Mint, Perth Mint, Austrian Mint, Royal Canadian Mint); maintains non-exclusive mint relationships.
• Services: storage, secure logistics, minting, hedging (futures/forwards), precious metals borrowing/lending, and international marketing and dealer network infrastructure.
• Geographic reach via offices in Costa Mesa (HQ), Hong Kong, Singapore, Vienna, Shanghai, and other locations; uses depositories worldwide and operates trading platforms (e.g., amark.com).
• Inventory and financing features: mark-to-market inventory, hedging to mitigate price risk, availability of foreign currency price quotes, and a range of financing arrangements with customers.

Direct-to-Consumer

• Sells precious metals directly to domestic and international retail customers through consumer brands and websites (examples: JMBullion.com, Goldline, Pinehurst, SGB, Monex, AMS GOVMINT).
• Holds minority and majority investments in e-commerce retailers and auction/retail operations (including Stack’s Bowers Galleries via SGI).
• Key platforms and niche sites include SilverGoldBull.com, ProvidentMetals.com, Silver.com, CyberMetals.com, GoldPrice.org, SilverPrice.org, BGASC.com, BullionMax.com, PinehurstCoins.com, and ModernCoinMart.com.
• Features include a Direct-to-Consumer Purchase Program to monetize customer holdings, protective coin accessories, SEO-driven and paid search marketing, cross-selling across brands, and digital/mobile interfaces for buying, selling, and storage.
• Notable assets and relationships: Stack’s Bowers Galleries, SGB (Canada), Monex and AMS/GS relationships, LPM (Asia HQ in Hong Kong). Minting and production-backed products and storage/logistics are provided via AMGL and TDS.

Secured Lending

• Originates and acquires secured loans collateralized by bullion, numismatic coins, and graded sports cards (through Collateral Finance Corporation, LLC and CAI).
• Joint venture CCP (Collectible Card Partners) handles lending against graded sports cards.
• Loans are typically short term (on-demand or 3–12 months, often around six months) with loan-to-value ratios generally 50%–85%.
• Collateral custody is managed by TDS (third-party storage) or company facilities.
• Funding has come from a trading facility liquidity line and asset-backed securitization/financing products; growth is influenced by borrowing capacity.

Scale and reach

• Employees: 1,355 as of June 30, 2026
  • Geographic distribution: ~1,246 in North America, 102 in Asia, 7 in Europe
  • Approximately 52 part-time employees
• Customers:
  • Approximately 4.7 million total retail customers
  • Approximately 0.8 million active retail customers (as of June 30, 2026)
  • One customer accounted for more than 10% of revenues in the year ended June 30, 2026

Financial liquidity and funding

• Trading Credit Facility: revolving commitment up to $427.5 million, maturity September 2027.
• Strategic investment from Tether (TPM, S.A. de C.V.): purchased 3,371,000 shares (~13.3% of then-outstanding shares) for $150 million; a Tether designee sits on the board.
• Transactions with Tether include leasing precious metals to/from Tether and purchasing/selling precious metals with Tether; the company also holds a $20 million investment in XAUt (a gold-backed stablecoin).
• Aggregate CFC loans outstanding were approximately $115.1 million as of June 30, 2026.
• Expanded minting and branding through several acquisitions (see milestones below).

Corporate milestones

• December 2025: Name changed to Gold.com
• January 2026: Acquired Monex Deposit Company
• April 2026: Acquired remaining equity interests of Sunshine Minting, Inc., expanding minting operations
• 2025: Acquired SGI (parent of Stack’s Bowers Galleries) and completed investment in AMS/AM; acquired remaining equity interests in Pinehurst Coin Exchange, Inc.
• 2024: Acquired majority interest in LPM Group Limited and controlling interest in Silver Gold Bull, Inc. (SGB)
• 2021: Acquired entire equity interests in JM Bullion, Inc.
• 2017: Acquired Goldline (direct retail)

Geography and capabilities

• Operations span four continents with offices and operations in the United States, Canada, Europe, Asia, and the Middle East through locations such as Singapore, Hong Kong, Vienna, and Shanghai.
• Minting and fabrication capabilities provide a diversified product set and pricing stability; minting operations hold ISO 9001:2015 certification.

Economics and business outlook

• Business performance is sensitive to volatility in precious metals prices and global macro factors including inflation, currency movements, and geopolitical events.
• The company generates revenue from trading, hedging, financing, minting, retail sales, and secured lending activities.
• The company emphasizes cross-selling across Wholesale, Direct-to-Consumer, and Secured Lending segments and uses its minting capabilities, depository relationships, and dealer network to support its operations.