Precious Metals Delays Caused by Spot Price Drop

10/08/2015

We would like to apologize to our customers about the delays in shipping. This has happened due to circumstances outside of our control, and we are as frustrated with precious metals delays as our customers.

Due to the recent drop in the spot price of precious metals, everyone, including ourselves and our wholesalers and suppliers are currently sold out of all metals, including even the most common gold and silver. This happened quicker than anyone could say “Bitcoin”, and as of right now there is still a huge imbalance of supply and demand when it comes to buying precious metals. We would like to assure everyone that we are getting the orders out as quickly as we can as supplies are coming in. This process is extremely slow because demand is much higher than supply at the moment.

Please remember there approximate delays when placing your order: silver is delayed at least 30 days; and gold is delayed 1-7 days. Those timeframes are approximate, and we cannot guarantee that you will receive your items within that time. If you need a particular item urgently then please do not hesitate to contact us to get an ETA.

As usual you can buy your gold and silver with Bitcoin at Veldt Gold. We will do our best to ship your orders out as soon as possible.

The team at Veldt Gold would like to thank all our customers for their patience and continued business, and for sticking with us through current precious metals delays!