On December 17, 2010 PMX Gold (a wholly owned subsidiary of PMX Communities, Inc.) launched America’s first Gold Bullion Terminal at the Town Center Mall in Boca Raton, Florida, as a marketing pilot. Despite the numerous operational limitations of the terminal and the fact that the machine operated in a cash-only mode, PMX sold nearly $270,000.00 in gold through one machine in roughly 2.5 months. Approximately 32% of the total sales were investment class (10 grams to 1 ounce bars). Acceptance by the American Public for accessing gold bullion from unmanned machines was overwhelmingly positive, and a major hurdle for gold becoming a modern medium of exchange was overcome.
Gold bullion sales in the United States have traditionally lacked market acceptance due to non-standardized distribution methods and the lack of quality controls.
By combining on-demand delivery of certified .9999 fine gold investment products from our gold terminals and real-time pricing we are initiating a merger between the gold-financial markets and the common man.
30 March 2017 | 9:33 am
30 March 2017 | 6:14 am
30 March 2017 | 5:40 am