DALLAS, Texas (September 12, 2017) – Provident Metals, an industry-leading provider of international and domestic bullion and IRA-eligible precious metals, today announced their acquisition by a private investment group. The sale of Provident Metals, based in north Dallas, Texas, allows the company to further expand its online selection of high-quality bullion and numismatic coins for its customers around the globe.
“A strategic partnership was formed with a private investment group to help Provident Metals broaden its offerings in the precious metals market,” said Joe Merrick, president of Provident Metals. “This acquisition will allow us to enhance our position further as the premier online destination for purchasing precious metals, while remaining focused on exceptional quality and service.”
The private investment group will use Provident Metals’ existing high-end technology infrastructure to continue to offer the same exceptional service, incredible selection, and outstanding quality that customers around the globe have come to expect. The Company is redesigning and expanding its highly popular Prospector line and Egyptian Gods series, both expected to launch in the fourth quarter of 2017.
Provident Metals, which will continue to operate under that name, has contracted with Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, for their expertise in inventory management and fulfillment operations. This management agreement extends into 2022.
About Provident Metals: Founded in 2009, Provident Metals is the industry-leading provider of international and domestic bullion and other IRA-eligible metals. The company is most known for its Zombucks and Egyptian God Series. The company is devoted to meeting the precious metal investment needs of individuals and institutions while providing an online environment focused on service and affordability.
For industry news and to stay up-to-date on Provident Metals’ expanding products and services, connect on Facebook and Twitter.
For additional information contact: Provident Metals at [email protected]
About Dillon Gage Metals Dillon Gage Inc. of Dallas, founded in 1976, companies include:
• Dillon Gage Metals is one of the world’s largest precious metals wholesale trading firms. The firm is an authorized purchaser for all major world mints and maintains inventory in over 20 countries around the world. Additionally, the company provides advanced tools and technologies that enable market participants to be more successful in their businesses, allowing electronic trading and offering cloud-based solutions for the physical precious metals marketplace. 800-375-4653
• FizTrade online trading offers a real-time bid/ask trading platform for gold, silver, platinum and palladium. 800-375-4653
• Dillon Gage Refining, professional assayers and refiners of precious metal scrap, from low grade to karat scrap. Stone removal services and diamond experts on staff. 888-436-3489
• International Depository Services Group with locations in Delaware, USA (www.idsdelaware.com; 888-322-2431), and Ontario, Canada (www.idsofcanada.com; 855-362-2431), offers secure, efficient and insured precious metals and certified coin depositories that focus on custom business logistics solutions including storage, fulfillment, inventory managements and many other value-added services.
Hello
I am interested in purchasing silver and I am not sure how to go about doing it. So can you help me?
Please visit the silver page on our site to get started. If you need pointers, our customer service team will be happy to help. Thanks!
Will you be keeping the “Vet” discounts?
Hi David,
That’s the plan. Our customers should not notice a difference in operations, except for the better inventory we’re preparing for.
Sorry, but I don’t see this as being positive for us ‘small time stackers’. I foresee your smaller customers being forced away by rising minimum purchases, higher premiums, and a robot-esque customer service system.
Hi JD,
We’re sorry that this news has caused you concern. Hopefully you’ll find it reassuring that we do not anticipate changes like the ones you described. Our goal throughout this process has been and will remain offering great products at competitive rates. If you notice changes at all, they should only be improvements. We still have our exceptional customer service team, and they will be happy to assist you if you have any other worries.