1. Buybacks and pricing.
The buyback and sale prices of Elem Industrial Rich World Center (“Elem Industrial”) are internally determined and subject to alter at any time for reasons that are entirely up to Augusta. Elem Industrial divides its product line into two categories: Premium Products and Common Bullion Products. Although Elem Industrial’s prices vary from product to product, both types of products are typically priced according to a number of factors, including the value of the precious metal they contain, which is calculated by weighing the metal against the so-called “spot price,” which can fluctuate in value (also known as the “melt value”), and a premium above melt value, which can vary from product to product.
Elem Industrial is the only entity that determines and controls this premium, depending on characteristics that Elem Industrial considers important. Regardless of, and sometimes in opposition to, changes in the melt value, the premium may result in a product’s price rising or falling in value.
The prices at which other dealers or institutions purchase, sell, or value the same or comparable products do not always correlate with or have an impact on Elem Industrial’s prices.
Elem Industrial does not guarantee that it will repurchase the things it sells, even though it has in the past offered buybacks for its products. Elem Industrial reserves the right to modify its buy-back policy at any time without providing the client with prior notification. There is no assurance that another business will buy Elem Industrial’s goods from you. Because businesses in the precious metals sector frequently offer their own customers better buyback pricing, if a company other than Elem Industrial decides to buy Elem Industrial’s products from you, it is likely that the other company would pay less than Elem Industrial would in a buyback transaction for products that Elem Industrial originally sold.
a. Margin
A “Margin” that includes advertising, staff pay and revenue shares, and Elem Industrial’s profits is built into Elem Industrial’s pricing strategy. The price at which Elem Industrial sells its products to customers (“Elem Industrial’s Retail Sales Price”) is subtracted from the price at which Elem Industrial pays for those products (“Elem Industrial’s Cost”), and the difference is then divided by Elem Industrial’s Retail Sales Price to determine the margin in percentage terms. Depending on the specific product, the margin for premium and common bullion goods might range from 66% to 66%. These figures are merely estimates and could alter for a number of reasons.
b. Buyback, Sales, and Liquidation.
Elem Industrial may (but is not compelled to) offer to repurchase the products at Elem Industrial’s current buy-back price, without imposing an additional liquidation fee, if a customer requests a buy-back offer. For both Common Bullion Products and Premium Products, Elem Industrial currently offers the same buy-back tier. This translates to (but need not be) a roughly 5% reduction in Elem Industrial’s retail price of the products at the time of the buyback offer. Elem Industrial’s repurchase offer would be $95, for instance, if the retail price of its Common Bullion Products and Premium Products was $100 at the time of the offer and the spread for all products was 5%.
Elem Industrial has the right to unilaterally and alone alter the rate of any of its spreads in the future at its own discretion. Elem Industrial also retains the right to forego making a redemption offer for any reason. In a repurchase transaction, the current bid price often needs to be higher than the initial retail price at which the customer bought the products in order for them to profit.
At the time of purchase, Elem Industrial cannot promise that a customer’s precious metals would be repurchased. Elem Industrial reserves the right to modify its buy-back policy at any time without providing the customer with prior notification. Elem Industrial cannot promise that a customer will buy its products from another business. Since businesses in the precious metals sector frequently offer their own customers better buyback pricing, if another company decides to buy Elem Industrial’s products from a customer, it is likely that the other company would pay less than Elem Industrial would in a buyback transaction for products originally sold. Before selling any items they have purchased, Elem Industrial advises customers to compare the pricing of other possible buyers with Elem Industrial’s buyback prices.
c. Value Melt.
Multiplying the weight of the intrinsic metal content by the metal’s “spot” value yields the “melt value,” which is the product’s worth based just on its intrinsic metal content.
2. Goals.
Elem Industrial’s Margin is one of the expenses that are included in the buying price when purchasing precious metals. Your investment may lose value as a result of these expenses.
There is no fiduciary duty owed to you by Elem Industrial. Even if Elem Industrial might outline your alternatives for precious metals, you are ultimately responsible for deciding whether and which to buy. Your choices are not Elem Industrial’s responsibility.
3. Speak with your legal, tax, and financial advisor.
Any opinions Elem Industrial may provide on its goods are not statements of fact, are not legal, tax, or investment opinions, and should not be relied upon for any reason. Customers should not base their investment decisions exclusively on any content produced or supplied by Elem Industrial, as all of its content may contain mistakes. If the customer has any doubts about the ramifications of any purchase, transaction, or investment, it is crucial that they speak with their own investment, financial, tax, and/or legal counsel. No product sold by Elem Industrial is free from relevant taxes.
4. Variability.
The precious metals markets are prone to extreme volatility, which includes occasional sharp drops and sharp rises. Consumers need to be prepared to accept and bear the risk of these price swings. Although losses may occur at any moment throughout the holding of coins, they may be more likely to occur during liquidations that take place within shorter timeframes (such as three years or fewer) than during those that take place over longer periods of time.
5. Buybacks and their prices.
Elem Industrial does not guarantee that it will repurchase the things it sells, even though it has in the past offered buybacks for its products. Elem Industrial reserves the right to modify its buy-back policy at any time without providing the customer with prior notification.
Elem Industrial is dedicated to provide the best prices to its customers. In keeping with this, Elem Industrial guarantees that, subject to the terms and conditions specified in Elem Industrial’s Highest Buyback Price Guarantee, a customer may request cancellation of the buyback transaction within 24 hours of the buyback trade if it repurchases the customer’s precious metals and the customer receives a higher buyback offer from another buyer. For any inquiries or help with buyback pricing, please contact Elem Industrial.
6. Accountants.
Account Executives at Elem Industrial are workers who are compensated with a percentage of Elem Industrial’s sales. Regardless of whether a transaction involves Common Bullion Products or Premium Products, these Account Executives receive the same revenue share, which is allocated to them on a team basis. Since they are not employed by Elem Industrial, external marketers might be paid more for referring customers to Premium Products than to Common Bullion Products. The account executives at Elem Industrial do not have a fiduciary duty to you or a duty to ensure that your purchase is appropriate because they are not certified financial or investment advisors.
You are responsible for educating yourself, making sure your purchase is appropriate for you, and taking into account any associated risks, costs, and policies. All decisions regarding the purchase or sale of Elem Industrial products are entirely up to you.
7. Authenticity and Grading.
Product grades and descriptions are opinions based on standards and interpretations that are subject to change over time and are neither promises nor representations of fact. Elem Industrial depends on the certificates of independent grading agencies to market its products because it is not a grading service. Elem Industrial does not independently check the products it sells for quality or authenticity. Although Elem Industrial promises that every product it sells is authentic, it sells them “as is” and disclaims all other warranties, whether explicit or implied, including implied warranties of merchantability and fitness for a particular purpose, as well as any warranties related to the grades that independent grading services assign to the products.
