A-mark is buying Silvertowne!
Posted:
Sat Oct 08, 2016 9:10 pmby highroller4321
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
Re: A-mark is buying Silvertowne!
Posted:
Sun Oct 09, 2016 7:47 amby 68Camaro
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.
Re: A-mark is buying Silvertowne!
Posted:
Sun Oct 09, 2016 5:27 pmby highroller4321
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.
Re: A-mark is buying Silvertowne!
Posted:
Sun Oct 09, 2016 5:31 pmby 68Camaro
Seems like it is only a matter of time once that starts.
Re: A-mark is buying Silvertowne!
Posted:
Mon Oct 24, 2016 7:04 pmby Goldilocks
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.