Precious Metals Pricing

Price is a determining factor in all things we buy, or consider buying whether it be a refrigerator, automobile or silver. It dictates our motives and our actions and is an important factor of where we determine the value of the purchase. For Precious Metals, the ‘price’ is the beginning, as breakeven adjusts and prices fluctuate it’s important to have a valued timeline for reasons doing so.

It is important to look at the price per ounce or as a whole, as well as to know how it got there and why that affects your decision to buy or sell. Simply put, the ‘price’ of Precious Metals is a little more involved and requires analysis and understanding.

Price Fluctuations 

Like the price on merchandise, price fluctuations are common. Following Precious Metals prices can help determine your purchasing ability. Whether investing for the short term or long-term value, knowing the current price will help you make a more educated decision. Precious Metal prices, including Platinum and Palladium, move a lot differently than for example, the stock market.

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Since it is difficult to determine how much the price of Precious Metals will fluctuate, here are some indications to watch for when making a decision:

• Supply and Demand – supply and demand plays a large role in determining the price for Precious Metals. As metal demand increases, the price increases. A rise in price could be temporary, but the value remains stable. For example, Silver is used in TV’s, computers, mirrors, and even medical equipment. As new technology is developed, these electronics and other materials are being discarded and the Silver used is not being recycled, thus the supply is becoming less and less as we are not mining to replenish the cycle.
• Government Reserves – The more Precious Metals are being sold by the reserves, the higher the price. When the reserves start buying Gold in larger quantities, Precious Metals prices begin to fluctuate because it causes a large demand for metals. Building up the Precious Metals reserves does not go unnoticed by the markets.
• Central Bank Stability/Instability – Many countries have a central bank. For example the United States has the Federal Reserve. Precious Metals prices are indirectly linked to economic policies and bank failure. Any instabilities occurring at central bank can cause a market irregularity that usually affects Precious Metals prices.
• Currency Devaluation – Devaluation, even globally, is another factor which can manipulate the value of Precious Metals. While prices change often, the metal holds its value far beyond the realm of economics and politics. This is a key reason why people buy Precious Metals.

Time and time again, the value of Precious Metals rises and falls during times of financial uncertainties. When observing Precious Metals, it’s important to compare changes in history to now and understand the parallels that affect current purchasing.

Spot Price

When talking about everyday merchandise such as household appliances, you will not hear the terms ‘spot price’ or ‘premium over spot’. Before investing in Precious Metals, it is crucial that there is a clear understanding of the two. ‘Spot price’ refers to the current futures market price of the metal, paper notes, which fluctuates minute to minute not the actual physical delivered.

Premium over Spot

A premium is the additional cost or percentage on top of the spot price. A premium is charged for finished products, meaning the metal has been refined and minted into either coin or bar form and is good for delivery. If you are buying metal at spot price, what you actually own is a certificate saying you own it, but it’s just a piece of paper, nothing is actually being stored in a vault or depository on your behalf.

Bid Price

If you are selling, bid price versus asking price is good to know. Bid price is the price at which the dealer is willing to buy your product. Asking price refers to the price the dealer offers to sell their product to you. These numbers are important because it adds a dimension for you to determine what value you have with your Precious Metals.

The price of Precious Metals is more than most perceive. Don’t be fooled by the fancy terminology or the confusing rhetoric involved with Precious Metal pricing. Buy prices will change, but whatever your motivations are, the metal price will dictate your moves. Get the necessary information you need for the best decision.

Questions? Call (888) 747-3309

Physical Delivery Disclosure

SHIPPING YOUR PRODUCT

All orders less than 1,000 ounces will be shipped by us, in our discretion, by either USPS Priority Mail or USPS Registered Mail. Orders are shipped 2-4 weeks after the order has been locked-in and can be shipped earlier. Priority Mail can take 2-7 business, while Registered Mail can take 5-10 business days. All packages require a signature upon receipt and you will receive a tracking number.

Orders of 1,000 ounces or more will be shipped to you directly from the mint via UPS. All packages require a signature upon receipt and you will receive a tracking number.

If you are not at the designated shipping address to sign for your package, it will be returned to the nearest post office to be held until picked up. A photo I.D. is required to pick up packages and any packages not picked up from the post office after 15 days, will be returned to Cornerstone Asset Metals who is not held responsible to pay for any repackaging and new shipping costs.

We only ship within the United States.

ESTIMATED SHIPPING COSTS

Small Flat Rate Box (approx 120 coins or less)*

–          Signature Confirmation (under $1,000)                    $10

–          Registered (over $1,000)                                              $40

Medium Flat Rate Box

(More than approx 120 coins)

Registered for:

–          $3,000                                                                     $45

–          $5,000                                                                     $50

–          $8,000                                                                     $55

–          $10,000                                                                   $70

–          $15,000                                                                   $80

–          $20,000                                                                   $115

–          $25,000                                                                   $125

For Registered Mail being shipped in a Medium Flat Rate box, the S&H price will be rounded up to the next price bracket. I.E. – your order totals to approx $7,000, you will be charged $55 for S&H.

*A Small Flat Rate box can hold up to 120 coins. If your order exceeds that, it will be shipped in a Medium Flat Rate box which can hold up to 500 coins.

PAYMENT

We accept either bank wire or check. Please call us to speak with one of our representatives for funding instructions.

INSURANCE

Cornerstone Asset Metals insures all order shipments to you for the sale valued of the enclosed product purchased from CAM, subject to the following limitations. We must be notified of a lost package within 30 days from the ship date of your order. Should anything happen while your package is in transit to you, we will file an insurance claim with the United States Postal Service or United Postal Service and your order will be replaced at no additional charge to you. Neither Cornerstone nor the USPS/UPS is responsible if you have left instructions for the carrier to leave your package with someone else, such as a building manager, neighbor, or a drop off location such as mail boxes, etc. In any such case, you will not be eligible for us to reach out on your behalf to the USPS/UPS to replace your order. If you do not receive the package directly from USPS/UPS, you agree to take all responsible actions to assist recovery of your package, including but not limited to filing out reports and/or police reports and providing all information needed or that may be requested to recover the package.

When we ship to you, if your package is lost or damaged in transit, it is our responsibility to pursue any claim with the USPS/UPS. If we determine the package is lost or damaged, we file a claim. Once the claim is filed, we reserve the right to reship your items or refund your money at our discretion and Cornerstone Asset Metals shall have no further responsibility or liability to you. If there is any disruption in the delivery of a package to you, you agree to cooperate with us in any investigation or claim process and to take every reasonable action requested of you in the process. Failure to fully cooperate will jeopardize coverage that may be provided to you.

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BACK ORDERED ITEMS

Supply and demand problems occasionally occur in our business. Because we mint our own product, any order placed with us, is then scheduled to be minted and shipped by our refinery. We may keep a limited number of coins in stock, however all orders will be shipped in the order that the purchase was made. If for some reason a large order is placed, depleting what we have in stock, your order may be delayed up to 4 weeks until we get another bulk order from the refinery. If this should happen, we will keep in touch with you and let you know that your order will be delayed.

RETURN, BUYBACK, & CANCELLATION POLICY

We want our customers to be fully satisfied with their purchases from Cornerstone Asset Metals. At your request, we may, but are not obligated to, provide you with a refund if you are not completely satisfied with your experience. We go above and beyond to educate our customers and provide detailed descriptions of the product they are buying. We do not pressure anyone to buy something they are not familiar with. Once a compliance call is complete and prices have been locked-in, you have no right to cancel an order as your order has already been placed with the refinery. Any disruption to an order could cause a penalty to the available amount of funds that may be refunded. We reserve the right to cancel a purchase order at any time and for any reason.

We only accept orders that were originally placed with us. If you have other items you wish to sell that were not purchased from Cornerstone Asset Metals, we have the right to consider or deny your request to sell the product to us. Please call us to speak to one of our representatives for details. If you choose to return to us a product that has already been shipped to you by Cornerstone Asset Metals, whether the package has been opened or not, you may be eligible to sell it back to us. The buyback price is determined at the time the package has been received by us and the time a call has been made to confirm our buyback price. This price is determined by the market price of the metal as well as the supply and demand at that time. Prices fluctuate daily.

You may deliver your precious metals to one of our pre-approved locations after scheduling an appointment. To make a delivery appointment, please email adminmgr@cammetals.com.

You can expect a payment to be sent out to you within 5-7 business days after locking in a price, in the form of a check sent USPS Priority Mail. If requested, we can send payment via bank wire, however there is a $30 wire fee.

MARKET LOSS POLICY

When purchasing from Cornerstone Asset Metals, once you verbally agree to the trade and a receipt is issued (via email), the price is locked in for you and the transaction may not be cancelled. If for some reason the order must be cancelled, it must be confirmed by management and any loss on the company becomes your responsibility in addition to a $35.00 USD cancellation fee.

Please note: In accordance with our Market Loss Policy, all transactions locked in may not be cancelled by you. If you do not send in your payment, you will be subject to our Market Loss Policy you agreed to when you established your account. You may be liable for cancellation fees as well as market loss fees, if applicable. It is your responsibility to make sure your payment in received by us within the allotted time.

Questions? Call (888) 747-3309

RISKS

All investments involve risks; gold and silver are no exception. The values of our coins are affected by many economic factors like the current market price of the metal as well as supply and demand. Therefore, because precious metals prices can fluctuate, meaning they either increase or decrease in value, investing in them may not be suitable for everyone. If you are considering investing in precious metals, we encourage you to call us to speak with one of our representatives to discuss if a precious metal investment is right for you. We do not pressure anyone to make a purchase they cannot afford.

RECORDING OF PHONE CONVERSATIONS

In order to lock-in any purchase or sale with a customer, Cornerstone Asset Metals must record the conversation with the customer’s knowledge, so that if there is a discrepancy, the recording can be referred to if any dispute should arise. If a customer refuses to be recorded, we cannot continue with the transaction.

This is for the protection of Cornerstone Asset Metals as well as the buyer or seller. We also have the right to record any calls that may be threatening or out of line to our representatives so that we may provide proof if any dispute should arise.