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Clint Siegner: Choose your bullion dealer carefully
By Clint Siegner
Money Metals News Service, Eagle, Idaho
Monday, February 13, 2023
Regal Assets, a somewhat prominent gold and silver dealer in southern California, is in serious trouble based on news released last week. Tyler Gallagher, the firm's high-flying owner, has reportedly vanished -- perhaps to avoid arrest and prosecution.
Regal clients are now talking to the press about their inability to get delivery of the metal they bought and paid for. The Regal website has been taken offline.
... Dispatch continues below ...
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First Majestic Mines Silver and Gold
in U.S. and Mexico, Operates Bullion Store
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States.
The company owns and operates the San Dimas Silver and Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver and Gold Mine, and the La Encantada Silver Mine.
In 2023 these mines are projected to produce between 33.2 to 37.1 million silver equivalent ounces, consisting of 10 to 11.1 million ounces of silver and 277,000 to 310,000 ounces of gold, with an all-in sustaining cost of $18.47 to $19.72 per payable silver-equivalent ounce.
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As reported in the Daily Beast article, titled "The Great Gatsby of Gold Took Their Millions -- and Vanished," those contacted by the reporter all told a similar story of their interaction with Regal Assets: "An enthusiastic sales pitch, a six-figure investment, months of delays and excuses, and finally, over the summer, radio silence." ...
... For the remainder of the report:
https://www.moneymetals.com/news/2023/02/13/choose-carefully-when-selecting-a-bullion-dealer-002677
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