Physical Orders for Metals are Surging Despite Lower Spot Prices

Metals prices plunges again today against a backdrop of world economic distress and asset selloffs. However, demand for physical gold and silver has surged here in the U.S. and bullion house, MTB, send the following message out today, essentially shutting off new orders.

Dear Valued MTB Customers,

With the unprecedented volume and demand that our industry is currently experiencing, we have decided to close our Sales and Marketing departments early for the next two days in order to focus on existing customer transactions and customer service activities.

Our Sales and Marketing departments will close at 3:30pm (Eastern Time) on both Wednesday March 18 and Thursday March 19.

We will continue to open on both days at our normal time.

We will be back to operating within our regular business hours as of Friday March 20.

This step will help us ensure our customers receive the highest caliber of service possible.

Thank you and kind regards,

The MTB Metals Team