Financial
Topic
Bob Coleman emphasizes the importance of diligent price comparison when purchasing metals, warns of potential premium risks due to supply chain issues, and underscores the potential dangers of unallocated and pool accounts, where investors may unwittingly relinquish recourse or face difficulties accessing their metals.
Tom welcomes Bob Coleman back to the show. Bob encourages investors to shop around for metals and carefully compare prices. Some dealers have been overcharging for premiums and make sure the products you want are in stock and quickly deliverable. There are premium risks for dealers because the supply chain may force premiums higher. Bob outlines the risks involved with unallocated and pool accounts. You are giving a firm your money, and they use it for various purposes. The problems can arise when people start demanding products or their money returned. Many of these programs are marketed as a convenience with fewer storage fees, but there are risks. If you want your metals, you may not be able to get them. Clients may be unaware that they have signed away any recourse or may only get back their cash.
