Royal Canadian Mint

royal canadian mint gold

Introduction To Royal Mint Canada

The Royal Canadian Mint (RCM), also known as Monnaie Royale Canadienne is the creator of all circulated Canadian coins as well as one of the world’s largest national mints. It is owned and controlled by the Crown corporation that operates commercially, with its headquarters in Ottawa, Canada. Another division of RCM opened in Winnipeg in the year 1976. This Ottawa building houses the refinery. The Winnipeg Branch is in charge of domestic and foreign coins for circulation.

Royal Mint Canada Gold produced coins for over 60 nations all over the world. In the years since 1911, the Mint’s primary source of income has been the world-renowned refinery for precious metals which produces numismatic coinage as well as silver and gold bullion grains, wafers, medals and medallions. 

 

In 1982, the refinery in Ottawa was the first to make .9999 bullion 24K gold coins. The most recognizable coin created from the refinery is the silver and gold Canadian Maple Leaf bullion coins which are among the most sought-after gold coins.

 

Royal Canadian Mint Gold bars are accepted by the world’s most important gold exchanges (New York, London, Tokyo, Shanghai and Dubai) and are included as part of the London Bullion Market Association (LBMA) gold Good Delivery List since 1919.

Best Canadian Coin Collection for Sale from Bullion Trading LLC

History of the Royal Canadian Mint Gold

Creating a Canadian branch was permitted by the mint in 1901. Coins that were intended to circulate within the Canada. The province of Canada was first produced in 1858 by the Royal Mint in London or the private Heaton Mint in Birmingham, England.

Production moved to Canada because the country was becoming more established and was more in demand for money. The new facility located in Ottawa was opened on January 2 1908. The first coin that they put in was a sovereign gold coin bearing the “C” for Canada.

A few years later, their business was expanded to include bullion refining. The gold refinery was rebuilt in 1936. The mint first struck Canadian silver coins in 1912. They were entirely Canadian products in every aspect, in their materials all the way to their design, which featured the first image of Canada to be seen on the gold coin.

The Ottawa mint was granted autonomy from the British Royal Mint in 1931 during Great Depression. The mint’s status as a Crown corporation was granted on April 1st, 1969, following 38 years of operation as a part of the Canadian Department of Finance. It is now a part of the Department of Finance of Canada.

Royal Mint Canadian now reports to the Parliament via the minister of Finance. In 1976, the branch of the Royal Canadian Mint located in Winnipeg was inaugurated and introduced its Maple Leaf bullion coin program in 1979, introducing the 1 ounce Gold Maple Leaf coin.

In 1988, 1 oz Platinum Maple Leaf coins were first introduced. In 2005, the RCM inaugurated a refinery for silver. In 1982, it was the first refinery to make 9999 bullion coins. Then, in 1998, the company was able to achieve 99999 purity.

In 2007, the Royal Canadian Mint made the Guinness World Record, certifying that they had created the largest coin ever produced: the masterpiece 100kg, 99.999% pure $1 million gold bullion coin. In 2010, the Canadian Royal Mint partnered with the Winter Olympics to launch a three-year circulation program in addition to collector’s coins.

Organizational Structure of the Canadian Royal Mint

The Canada Mint Gold is an official Crown corporation as per the Royal Canadian Mint Act. It is a Crown corporation under the Royal Canadian Mint Act. Mint has been classified as a Schedule III-II Corporation according to the Financial Administration Act, meaning it’s an organization that conducts commercial operations while being self-sufficient.

It is an entity of the government and is entitled to conduct commercial ventures without taxpayer support. The average consumer is unable to purchase a bar or investment coins direct from the Mint however, it is the RCM has a network of distribution of dealers around the globe, including big US wholesalers like MTB, Dillon Gage, CNT and A-Mark.

It is believed that the Mint acts as an official agent for Queen Elizabeth II who is currently the monarch of Canada (2021). It is a part of the Queen Elizabeth II Monarchy. Mint includes an Executive Board of Directors made up of three directors: a chairman of the board, president and CEO as well as eight directors. The Mint’s Executive team has 12 members. The CEO and the President are also known as the “Master of the Mint”.

President Marie Lemay was appointed in 2019 and her chairman is Phyllis Clark. The Mint is organized with four primary business areas:

  • Canadian Circulation
  • Circulation Products and Solutions
  • Numismatics Products and Services
  • Bullion Products and Services

These business functions are aided by the corporate administrative functions that are listed beneath “Royal Canadian Mint – General Services” and “Internal Services”. Canadian circulation coins production happens at the Mint’s facility located in Winnipeg in which up to two million circulated Canadian coins and currency are produced every year. 

The facility also has developed an elaborate scheduling and distribution method to ensure the availability of Canada Mint Gold throughout the country in an economically and fiscally prudent way. The most important information associated with coinage is gathered through the Mint and is relayed to the minister of Finance.

The numismatics line includes collector coins, medals, and coins and tokens that are available to domestic and foreign customers.

The Mint produces an array of military-themed decorations that are used by the Department of National Defense including the Sacrifice Medal and the Canadian Forces Decoration and Clasp and the General Campaign Star, the International Security Assistance Force (ISAF) and Bars as well as the General Service Medal, the Special Service Medal, the Operational Service Medal, the Memorial Cross, and the Canadian Victoria Cross.

The Mint also makes military ornaments that are used by Veterans Affairs Canada, as also long-service awards from the RCMP and awards for artistic achievement to the Governor-General of Canada. 

The mint also created the medals awarded to athletes at the Montreal 1976 Olympic Games, as well as the medals of the Montreal 1976 Olympic Games and the Vancouver 2010 Olympic and Paralympic Winter Games. The mint made six15 Olympic as well as 399 Paralympic medals at their headquarters in Ottawa for the 2010 Winter Games.

This Bullion Products and Services business function produce and sells high-end silver, gold-palladium, platinum and gold bullion coins, wafers, and bars for the market of investment in addition to silver and gold granules used in the jewellery industry and industrial uses.

The Mint also runs refineries for silver and gold which offer Canadian and international customers an integrated solution for processing royal canadian mint silver bars and royal canadian mint gold bar as well as a source for low-cost precious metals to its numismatic and bullion businesses.

Notable Collectible Coins And Numismatics from Royal Canadian Mint

 

Through the years over the years, Royal Canadian Mint has accumulated an extensive silver and gold catalogue of products. The primary source of revenue is the bullion coin program. It accounted for 76% of Mint’s total income in 2016.

The Gold Maple Leaf (GML) bullion coin and Silver Maple Leaf (SML) bullion coins are two of the top-selling gold and silver coins made by the Royal Canadian Mint.

Each year, the Mint comes up with a range of styles for its Maple Leaf coin, which is available in platinum, silver, gold and palladium.

The Royal Canadian Mint’s Gold and Silver Maple Leaf bullion coins are well-known throughout the world due to their iconic design and unparalleled quality. They are also extremely pure. Gold Maple Leaf is the first 24K gold bullion coin and was introduced in 1979. The reverse of the Maple Leaf coin features Canada’s national symbol which is that of the maple leaf.

The reverse features the Queen’s Majesty Elizabeth II, which was created in 2003 by Canadian portrait artist Susanna Blunt. Its silver counterpart, the Silver Maple Leaf was first released in 1988 and is the exact identical style like is the Gold Maple Leaf coin. The Gold Maple Leaf coins are produced in sizes that are fractions of a troy ounce of 1/2 oz, 1/4 oz, 1/10oz, 1/15 oz, 1/20 Oz, and 1/25 Oz as well as in set sizes that include one or more of these weights. Silver Maple Leafs come in 1 Oz,1/2 oz, ¼ Oz, 1/10 oz and sizes of 1/20 oz.

The Platinum Maple Leaf (PtML) was also introduced in 1988. The PtML is among the purest platinum coins on the market, constructed from .9995 platinum. It is only available in 1oz sizes. This coin, known as the Palladium Maple Leaf (PdML) was produced for a few years starting in 2005 before being it was withdrawn but was reintroduced in the year 2015. Platinum Maple Leaf, .9995 fine purity, and 1oz denominations. It is the Platinum Maple Leaf was the top-selling coin in the world in 2012.

The Royal Canadian Mint became the first mint in Canada to create 1 gram gold coins, known as the Canadian Maple Gram. Maple Grams were released in the past few years to provide an option that is affordable for investors in gold. Maple Grams are available in sleeve packs of between 8 and 25. The convenient size of Maple Grams gives you more flexibility in liquidating your holdings.

Special edition coins were created to commemorate a number of significant milestones in the institution. In honour of the 10th anniversary of the Gold Maple Leaf in 1989 and celebrating the 25th-anniversary celebration of the Gold Maple Leaf, and the year 125 of the Royal Canadian Mint (1997).

According to the Charlton Standard Catalogue of Canadian Coins, the Silver Maple Leaf coins were sold in sets of four coins which included two animals the Arctic Fox (2004) as well as the Canada Lynx (2005). Each coin was issued with a distinct value and featured the animals in distinct poses. The use of colour and selective gold-plating were also applied to specific issues of Silver Maple Leaf.

Holograms were used in Silver Maple Leaf Coins in the years 2001, 2002, 2003, and 2005.

In 2021, PRNewswire announced that the Royal Canadian Mint celebrated the 95th anniversary of her Majesty Queen Elizabeth II by releasing a special coin set featuring exquisite silver mementoes crafted by The Royal Canadian Mint and Britain’s Royal Mint.

The set of two coins features elegant imagery of Her Majesty on both sides of a 1 oz pure silver coin. The reverse displays a reproduction of The Queen Elizabeth II Equestrian MonThe reverse features a replica of The Queen Elizabeth II Equestrian Monument, which was sculpted by Canadian artist Jack Harman and unveiled by Her Majesty in 1992 on Parliament Hill in Ottawa. This majestic monument, showing the Queen astride her horse Centennial, presently graces the entrance to Rideau Hall, the official residence of Canada’s Governor-General. The obverse is a numismatic history showcase, with fine engravings of all four effigies of Queen Elizabeth to have appeared on Canadian coins throughout her reign.”

In 2006, The Mint joined forces with the Vancouver Olympic Committee. In the year 2010, The Royal Canadian Mint made the medals for athletes to be used at Olympic and Paralympic Winter Games in Vancouver. Each gold medal is constructed from sterling silver and then plated with 6 grams of 24K gold. Silver gold medals contain sterling silver. The bronze medals consist of the majority of copper. The medals weigh between 500 and 576 grams.

It also features artwork by Corinne Hunt an artist from Canada. Canadian artist with a native Komoyue as well as Tlingit ethnic background. On each medal is an image from her pair of modern Aboriginal art pieces that include an Orca Whale (Olympic) and raven (Paralympic). At the time of the Olympics, the medals were displayed for people to look at and touch within the Mint Pavilion in Vancouver and the Vancouver Public Library. The Mint has opened a second retail store in Vancouver in response to the popularity of the Vancouver Olympic medals program for 2010 athletes.

The Mint produced tokens for Toronto Transit Commission from 1954 to 2006. 24 million tokens were issued until 2007 when the supply was cut off.

The Winnipeg coinage facility was established in 1976. It is an industrial plant of 59,000 square feet that produces Canadian and foreign coins, utilizing the Mint’s standards of technology and expertise.

Coinage is produced by the Royal Canadian Mint for places like Singapore, Bahamas, Bermuda, Iran, Cuba, Norway, Yemen, Colombia, Iceland, Indonesia, Thailand, Uganda, Barbados, Venezuela, New Zealand and Papua New Guinea. The Mint has clients that range from treasuries, to governments, and central banks. In 2005, it was reported that the Royal Canadian Mint facility in Winnipeg produced 1.062 billion blanks and coins for 14 nations. Between 1980 and 2005 the RCM has produced approximately 52 billion coins for 62 nations.

Bullion Production & Refinery – The Royal Canadian Mint

 

The Royal Canadian Mint Gold facilitates one of the most technologically advanced and recognizable refineries of silver and gold around the world. The Royal Canadian Mint is one of the few government mints that produce not just the coin series, but also a range of high-end investment gold and silver bars and wafers, and custom-designed products. Since 1911, the Mint Refinery in Ottawa began refining gold to 9999 fine purity in the mid-1960s.

The Royal Canadian Mint also maintains its own, high-security storage and vaulting facilities. It also provides vaulting services to dealers in metals to store precious metals. These facilities are available only to corporate accounts that hold RCM brand bullion. This is because the Bank of Canada, Canada’s central bank, is the one that holds gold reserves for central banks that include Switzerland, the Netherlands, Belgium, Switzerland and Sweden. It has also moved its vault. Bank of Canada moved its vault from the location it was in beneath its headquarters building located on Wellington Street in Ottawa, which is currently under renovation.

The Mint establishes a high-industry standard for sampling and assaying with its precious metals analytical laboratory which ranks among the top in the world. This Royal Canadian Mint laboratory boasts a reputation as a participant in the process testing program run through the American Society for Testing and Materials. A globally acknowledged fire assay guarantees the Mint a position as a leader in the industry Mint.

“The accepted method for settlement assays on mine doré and similar materials, the fire assay is based on standard test method E-1335-96 of the American Society for Testing and Materials (ASTM). Inherent in this approach is a proof correction to ensure the accuracy of the results as well as quality assurance measures, including twin and independent parallel analysis, control samples and a weight calibration program.” [5]

 

Advanced spectrometric techniques are employed to analyse high-purity metals and to find the presence of impurities in the feed material. These comprise flame-atomic absorption, graphite furnace atomic absorption, spark ablation ICP Atomic emission as well as x-ray fluorescence, as well as laser ablation ICP mass spectrometry.

Tourism

 

Ottawa and Winnipeg facilities are accessible to the public and provide tours throughout the year. Royal Canadian Mint retail boutiques are located in Ottawa, Vancouver, and Winnipeg selling RCM branded products and collector coins.

Frequently Asked Questions(FAQs)

Yes, Canadian Mint Coins are known and respected for their high purity and reputation. Canadian Mint coins hold their value and are worth buying.

Royal Canadian Mint coins hold their value over time and give good profit margins later on. It may be worth buying if you have money lying around.
Royal Mint coins are of the highest purity and very liquid. With gold prices skyrocketing, Royal Mint coins seem like a good investment.
The 1 oz Canadian gold bars are worth the spot price and a slight premium. The premium is a certain percentage of the gold bar you are buying.

References and Links

[1] https://www.free-bullion-investment-guide.com/the-royal-canadian-mint-and-canadian-bullion-coins.html

[2] https://www.mint.ca/store/mint/about-the-mint/refinery-7300010

[3] https://www.mint.ca/store/mint/about-the-mint/refinery-7300010

[4] https://www.mint.ca/store/mint/about-the-mint/–info-source-8700012

[5] https://www.mint.ca/store/mint/learn/history-timeline-4000020

[6] https://www.mint.ca/store/mint/about-the-mint/–info-source-8700012

[7] https://www.mint.ca/store/mint/about-the-mint/–info-source-8700012

[8] https://www.mint.ca/store/mint/about-the-mint/–info-source-8700012

[9] https://www.canada.ca/en/department-national-defence/services/medals/medals-chart-index/maple-leaves.html

[10] https://www.cbc.ca/news/canada/british-columbia/2010-olympic-medal-design-unveiled-1.816624

[11] https://www.mint.ca/store/mint/about-the-mint/–info-source-8700012

[12] https://www.mint.ca/store/dyn/PDFs/RCM_AR2016_ENG_FINAL.pdf

[13] https://www.mint.ca/store/mint/about-the-mint/bullion-dna-8900026

[14] https://www.mint.ca/store/content/bullionProductDetails.jsp?itemId=prod1660006&cat=Products&nId=7400002&parentnId=1300002&nodeGroup=About+the+Mint

[15] https://bulliontradingllc.com/blog/1-oz-canadian-gold-maple-leaf-coins/

[16]  Charlton Standard Catalogue of Canadian Coins 2006, p.89

[17] https://www.prnewswire.com/news-releases/the-royal-canadian-mint-and-britains-royal-mint-team-up-to-celebrate-the-queens-95th-birthday-301261229.html

[18] https://www.prnewswire.com/news-releases/the-royal-canadian-mint-and-britains-royal-mint-team-up-to-celebrate-the-queens-95th-birthday-301261229.html

[19] Royal Canadian Mint 2006 Annual Report, page 25

[20] Royal Canadian Mint 2006 Annual Report, page 27

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Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.

PURCHASES, SALES, AND ORDERS

The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.

Inquiries

Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.

ORDERS

Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.

PAYMENTS

Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
  • Orders ranging from $5,500.01 to $10,000 should be paid by bank wire, certified check, cashier’s check, money orders, or personal check, and must be received within 2 business days from the time the order was made.
  • Orders ranging from $10,000.01 to $25,000 should be paid by bank wire, certified check, and must be received within 2 business days from the time the order was placed.
  • Over $25,000.01 should be paid by bank wire and must be received within 1 business day from the time the order was placed.

If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
  • I waive any charge-back rights. In the event of a dispute, and I request for a refund it must be made through the Bullion Trading LLC Arbitration Procedure described herein under Bullion Trading LLC.
  • Dispute resolution: I understand that all sales are final. There are NO EXCHANGES or REFUNDS.
  • I cannot receive a refund from Bullion Trading LLC, nor can I request the funds from my credit card company.
  • I also agree to waive any charge-back rights in the event of a dispute.

CONSENT

You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.

You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.

RISKS

All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.

INDEMNIFICATION

You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:

(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,

(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.

LIMITATION OF LIABILITY

You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.

If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:

(a) The amount, if any, that you paid in such transaction or,

(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.

PRIVACY POLICY

BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.

BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.

DEFAULT RIGHTS AND REMEDIES

Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.

Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.

Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.

RELATIONSHIPS

BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.

ANNULMENT

You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.

COSTS AND EXPENSES FOR COLLECTION

If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.

DISPUTE RESOLUTION

BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.

Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.

GOVERNING LAW

These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.

WAIVER OF JURY TRIAL: ARBITRATION

BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.

FORCE MAJEURE

If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.

FURTHER ASSURANCES

You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.

NOTICES

Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.

RECORDING OF PHONE CONVERSATIONS

BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.

ABSENCE OF WAIVERS

A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.