Q.  How does a client place an order with Wexford Capital Management and make payment?

Answer:  It is best that all orders are placed by telephone using our toll-free number, 877-855-9760; email is no longer instantaneous and questions may arise concerning the order.  While WCM is "locking" the price per item(s) with its distributors, we ask that clients send us an email with their full name and a shipping address where delivery can be signed for using USPS Registered Mail or UPS.  The locked prices are sent via email to confirm the order, and then a WCM Invoice is sent as an attachment via return email in MS Word or Adobe PDF format.

Payments may be made by Personal Check, Corporate Check, Cashier's Check, Bank Draft, or Bank Wire.  All Personal and Corporate Checks require a mandatory 7-Day Hold after receipt by WCM for depository clearing.  Payments by Bank Wire are the most expeditious means of payment, shortening "time-to-shipment" by 7 to 10 days, but are only required for orders of $25,000 and above.  Our mark-ups over wholesale are too low to permit credit card fees.  

Payments by one or more Money Orders, Cashier's Checks, or Bank Drafts for transactions over $10,000 require filing by WCM of IRS Form 8300 regarding "cash payments received in a business"; in this instance, the client must provide WCM with date of birth and tax identification number at time of payment.  Personal Checks, Corporate Checks, and Bank Wires are exempt from this filing requirement for transactions over $10,000.  
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Q.  When are bullion product prices "locked in" or set during the ordering process?

Answer:  When a confirmed order with specific quantities per bullion item is committed to by the client, preferably by telephone so that all questions that the client may have are answered at that time.  The client is given a "quoted price" per item prior to order placement, but precious metals' prices change minute by minute, and the "locked prices" are based upon the current spot the minute that WCM places the respective order with its distributor(s).
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Q.  Will I be kept apprised of my order's status during the order process?

Answer:  Clients are notified via email (or telephone if you do not have access to email): 
1.) when we receive your payment
2.) when funds clear in 3 to 5 business days, giving you an estimated ship date
3.) when your order ships, giving you appropriate tracking numbers.

Feel free to contact WCM at any time at deals@goldsilverbullion.com or 877-855-9760 before, during, or after the order process.  We are here to serve.
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Q.  Does the fineness or purity of the gold as measured in percent or karats contained in the gold bullion coins that WCM sells affect the amount of pure, 24 karat gold within each type of coin?

Answer:  NO.  Each sovereign mint has adjusted the total weight of their respective gold bullion coins such that upon subsequent smelting, an investor would have exactly One Troy Ounce of Pure, 100%, 24 karat Gold.  Copper is the alloy added to increase the hardness of the minted coin.
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Q.  Does the Year of Mintage have any bearing on the current or future value of a particular bullion coin, of either gold or silver composition?

Answer:  NO.  Except for Current Year Issues, say 2006 today, there should be no premium paid or obtained for any particular gold or silver bullion coin based on Year of Mintage.  Some dealers will promote the scarcity or purported numismatic values of specific dates of bullion coins, but these coins have been minted in the tens of thousands and millions and can hardly be considered scarce.  Promotions or practices of this type just cause investors to overpay for bullion coins.
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Q.  Why do many Silver bullion products sell at a higher premium over melt than gold?

Answer:  There is almost 80 times as much weight per dollar of market value for silver, so the amount of energy expended in refining and minting plus the costs of handling and shipping of silver bullion products are higher per unit of value.  Thus, refiners, mints, distributors, and dealers price silver products to recoup these additional costs.
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Q.  Are volume discounts available for large purchase volumes?

Answer:  Yes, for orders over $100,000, WCM and its distributors will work with the client to provide a mutually acceptable pricing level.  Furthermore, normal quantity discounts are posted on the main bullion web page showing what pricing discounts are available for specific quantity levels of a product or specific precious metal.  Always check with WCM before placing a large order with any of our competitors.  We can obtain product directly from primary distributors and nationally recognized refineries, and  we have one of the most competitive pricing structures in the industry.
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Q.  What are the consequences if a client fails to honor his or her commitment to make full and timely payment on a bullion purchase from WCM or deliver product as stated, in marketable condition, on a bullion sale to WCM?

Answer:  When clients renege on their commitments with WCM, the bullion broker has to neutralize the position(s) with the respective distributor who, in turn, has taken a hedged position in the futures market the moment WCM places a trade with them.  There is no free lunch in this process, and WCM must make payment to the distributor for the difference in spot prices on the quantities traded as well as a normal spread between the bid and the ask price for each bullion product involved.  On a single trade this can run into hundreds of dollars for the bullion broker, and it is WCM's policy to pursue legal recourse against clients who breach the WCM Terms of Sale or Purchase which are legally binding contracts between the two parties under the Uniform Commercial Code of the United States.
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Q.  What is the most efficient method to make payment to WCM for a bullion product order?

Answer:  Wire funds transfers reduce the time period from Invoice Date to Shipment Date by as much as 10 Days.  Payments made by check sent regular mail normally take up to 2 weeks to be received, cleared, and forwarded prior to shipment by WCM's distributors.  However, your prices have been "locked in" so payment method is your option except for orders over $25,000 which necessitate wire payment.  WCM just requests that you initiate a wire transfer or mail payment within 24 hours of placing your order.
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Q.  How are orders shipped?

Answer:  GOLD bullion product shipments are normally sent United States Postal Service (USPS) Registered Mail, Insured.  SILVER bullion product shipments are normally sent either USPS Registered Mail/ Flat Rate Box, Insured or United Parcel Service (UPS), Insured; a street address is required for UPS shipments.  WCM will notify you via email when your order has shipped and provide a tracking number if available.  Express delivery is available for gold, palladium, and platinum bullion products for a nominal fee per ounce.
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Q.  How should I handle my bullion coins when I take them out of their shipping containers for viewing?

Answer:  All Gold and Silver Bullion Coins from WCM are in Brilliant Uncirculated Condition (BU), except for Junk Silver coins which are in Well-Circulated Condition.  These are not rare or numismatic coins although they are undoubtedly beautiful in their design and presentation; bullion coins are bound to have some marks from handling on their way from the respective Mint or refinery.  These marks do not reduce a bullion coin's value.  The precious metal content has not been affected by them because they are usually dinks into the coin's surface without any removal of metal.  Just handle any beautiful or valuable coin by the rim and don't eat French Fries while doing so.
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Q.  What is the process for selling bullion products to WCM?

Answer:  Just contact WCM by telephone to discuss the items offered for sale ($5,000 minimum applies), and WCM will lock a Bid Price(s) with one of its distributors upon confirmation by the client of the transaction.  Clients are provided the shipping address to the appropriate WCM distributor so that they may deliver the specific bullion products as specified in the Purchase Order and in good condition; once the shipment is accepted, WCM will issue a check to client within 7 business days.
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Q.  How long has Wexford Capital Management been in business, and what references do you have?

Answer:  WCM has been in business for 17 years and was a Registered Investment Advisory for 20 years.  WCM is a member in good standing of the Washington Area Better Business Bureau and has never had a complaint filed against it through the S.E.C., the Federal Trade Commission, or the State of Virginia.  Please see the Bullion Page link:  About The Advisor for more information.