Gold.com, Inc.
Gold.com, Inc. is a U.S.-based precious metals company that operates under the A-Mark brand and related subsidiaries, trading gold, silver, platinum, palladium and copper in bullion, coins and related forms. It combines wholesale distribution, direct-to-consumer retail, and secured lending against bullion and numismatic collateral, giving it exposure to both physical metals flow and investor demand.
Fiscal year 2026 · change from previous year
Development 2021–2026
Business
Share of revenueBulk precious metals trading plus financing, storage, logistics and mint distribution services.
Online, phone and media-driven retail sales of bullion and numismatic products to investors and collectors.
Loans and liquidity solutions secured by bullion, numismatic coins and graded sports cards.
Customers
The company sells to a broad mix of wholesale and retail buyers, including mints, refiners, dealers, banks, industrial users, investors and collectors. Its wholesale customers buy for inventory, fabrication, hedging or distribution, while direct-to-consumer buyers typically seek portfolio diversification, inflation hedging or collectible exposure.
Buy bullion and coins in volume for trading, hedging, distribution and inventory management.
Buy through Goldline, JMB, SGB, Pinehurst and other channels for investment and collecting.
Source authorized coin products and distribution support through wholesale relationships.
Purchase precious metals for manufacturing and processing applications.
Use secured lending or repurchase programs to unlock value from bullion and collectibles.
Strategy
The company is expanding its integrated precious-metals platform by combining wholesale distribution, retail e-commerce and secured lending under one operating model. Recent acquisitions and investments broaden its direct-to-consumer reach, while logistics, storage and mint relationships support product availability and customer service.
Retail channels diversify revenue and capture higher-margin investor demand.
Authorized mint access and dealer relationships are central to product availability and pricing.
Storage, logistics and collateralized lending increase customer stickiness and diversify income.
Geography
Q1/2026The company operates primarily from the United States, with key facilities in Nevada, Texas and California, and a trading center that can receive orders around the clock. It also maintains international touchpoints in Austria, Hong Kong and Singapore, and its direct-to-consumer footprint extends into Canada through SGB.
Share of the revenue the company reports by geography.
Risks
The business is exposed to commodity demand swings, supply interruptions and changes in investor preferences for precious metals. It also depends on credit facilities, authorized mint relationships and disciplined underwriting in secured lending, while retail sales practices and customer concentration can create legal and operational risk.
- Loss of authorized mint/distributor relationshipsImpact: HighLikelihood: Medium
Wholesale competitiveness depends on direct access to sovereign mint supply.
Exposure: U.S. Mint and other governmental mints
- Credit facility renewal and liquidity riskImpact: HighLikelihood: Medium
Working capital and inventory financing are central to the trading model.
Exposure: Trading credit facility and customer financing
- Commodity supply interruptionsImpact: HighLikelihood: Low
The company needs steady access to bullion and mint products to fulfill orders.
Exposure - Retail conduct and reputational riskImpact: MediumLikelihood: Low
Precious-metals retailing can attract scrutiny over pricing and sales practices.
Exposure: Goldline and other direct-to-consumer brands
- Secured lending credit lossesImpact: Medium
Loan performance depends on collateral values and borrower behavior.
Exposure
Accounting
Judgemental itemsPhysical metals sales and retail orders may recognize revenue at different delivery points.
Impact: Affects quarterly revenue timing and comparability
Precious metals prices drive valuation of inventory and secured loan collateral.
Impact: Can materially affect gross profit and asset values
Loan recoverability depends on borrower performance and collateral liquidation values.
Impact: Affects allowance for credit losses and earnings
Results from investees can swing with operating performance and ownership changes.
Impact: Can create volatility in non-operating income
Repurchase and financing programs may create off-balance-sheet-like economic exposure.
Impact: May affect reserves, liquidity disclosures and risk assessment
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Last updated: 24/09/2026