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A-mark is buying Silvertowne!

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A-mark is buying Silvertowne!

Postby highroller4321 » Sat Oct 08, 2016 9:10 pm

I guess the news of silvertowne being in shakey waters must have been true! Looks like they are being bought by A-mark!

https://finance.yahoo.com/news/mark-pre ... 00172.html
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Re: A-mark is buying Silvertowne!

Postby 68Camaro » Sun Oct 09, 2016 7:47 am

Hadn't heard this, thanks. I read between the lines a suggestion that SilverTowne was having issues with consistent supply of reasonably priced silver, and this brings them into a vertically integrated relationship.

I also wonder if there was another generation of family waiting in the wings capable and interested in taking over the business.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
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Re: A-mark is buying Silvertowne!

Postby highroller4321 » Sun Oct 09, 2016 5:27 pm

68Camaro wrote:Hadn't heard this, thanks. I read between the lines a suggestion that SilverTowne was having issues with consistent supply of reasonably priced silver, and this brings them into a vertically integrated relationship.

I also wonder if there was another generation of family waiting in the wings capable and interested in taking over the business.


From some of the rumors I have heard is that they started leveraging out and never were able to get back to whole again.
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Re: A-mark is buying Silvertowne!

Postby 68Camaro » Sun Oct 09, 2016 5:31 pm

Seems like it is only a matter of time once that starts.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: A-mark is buying Silvertowne!

Postby Goldilocks » Mon Oct 24, 2016 7:04 pm

I don't know if it was because they were in trouble or generally just slow (or selling items they didn't have in inventory), but they always took their sweet time shipping me auction items from eBay.
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