1. Pricing and Buybacks.
USA Mint prices and buyback prices are set internally and are constantly changing. Common Bullion Products are priced for the most part in accordance with the value of the precious metal they contain. Premium Products are priced at a premium above the value of the precious metal they contain. This premium is solely determined and controlled by USA Mint, based on various factors USA Mint deems valuable. USA Mint’s prices and buyback prices are not necessarily related to, or affected by, the prices or buyback prices at which other dealers or institutions buy, sell, or value the same or similar products. There is a price differential, or "spread", between USA Mint's sale price (the "ask" price) and USA Mint's buyback price (the "bid" price). The "bid" is the price USA Mint pays to customers for a product. The "ask" is the price USA Mint charges customers for a product. The bid/ask spread is calculated by subtracting the bid price from the ask price and then dividing the difference by the ask price: (Ask - Bid) / Ask. To make a profit, you must be able to sell the precious metals in the future for a price high enough to cover your initial purchase, including this spread. Spreads may be subject to negotiation, and any spread charged in a specific transaction may be more or less than the spread charged to others in similar transactions or charged to you in prior or future transactions. Although USA Mint has historically made buy-sell markets in the products it offers, the law prohibits USA Mint from guaranteeing it will repurchase the products it sells. As such, USA Mint makes no guarantee that it will buy back any product, and USA Mint’s buyback policy is subject to change without notice.
Anyone who considers purchasing USA Mint products should consider the associated risks and acquisition costs. Many experts say precious metals should be considered a long-term asset, and you should be prepared and willing to hold any purchased precious metals for several years. Products should only be purchased with discretionary funds and not with funds necessary to cover your day-to-day living expenses. USA Mint has no fiduciary relationship with you. Though USA Mint may explain what options are available to you, the decision to purchase precious metals and which ones to purchase, are your decisions alone and USA Mint is not responsible for your decisions. The purchase of USA Mint products is not for everyone, and USA Mint has no obligation to and makes no attempt to confirm the appropriateness of any product for any person at any time.
Many experts generally recommend that precious metals constitute between 5% to 10% of a well-diversified portfolio; see examples here and here. Some individuals or entities may recommend different percentages. If you choose to allocate any percentage of your savings in USA Mint products, you are advised to do so only after consulting legal, financial, and tax professionals. USA Mint does not guarantee, and makes no representation, that any allocation in USA Mint products is appropriate for any particular person.
USA Mint products’ markets are subject to substantial fluctuations including significant and rapid increases and decreases from time to time. You must be able to assume and tolerate the risk of such price fluctuations. No assurance can be given that you will be able to sell your products at a price greater than or equal to the acquisition cost. You could lose money.
5. Account Executives.
USA Mint’s Account Executives are generally commissioned salespeople. Their salary is based, at least in part, on the amount and profit margin of the products they sell, and they may receive higher compensation for selling one product over another. USA Mint’s Account Executives are not licensed investment or financial advisors, and have no fiduciary duty to you. It is your responsibility to learn and consider all risks, prices, and policies relating to your purchase.
Grades and descriptions of products are opinions based on standards and interpretations that can and do change over time, and are not statements of fact or guarantees. USA Mint is not a grading service, and relies upon the certifications of independent grading services in selling the products. USA Mint does not independently verify the grade or authenticity of the products it sells. While USA Mint guarantees that all of the products it sells are genuine, the products sold by USA Mint are sold on an “as is” basis and USA Mint expressly disclaims any other warranties, express or implied, including the implied warranties of merchantability and fitness for a particular purpose, and any warranties associated with the grades assigned to the products by independent grading services.
7. Tax, Financial and Legal Advice.
USA Mint does not give tax, financial or legal advice, and will not advise as to the potential tax, financial or legal implications of purchasing and/or selling precious metals products in an Individual Retirement Account. It is important that you consult your own tax, financial and legal advisors with any questions about the potential tax, financial and/or legal implications of any precious metals purchase or sale.