HUI Gold Index

Wholesale Sales & Ancillary Services Segment

Costa Mesa, California (1)(2) · Corporate headquarters and support center · 27,973 · Leased · August-2027

Las Vegas, Nevada · Storage and fulfillment logistics operations · 24,743 · Leased · April-2030

Las Vegas, Nevada · Warehouse · 14,614 · Leased · September-2030

Winchester, Indiana · Minting operations · 17,000 · Owned · not applicable

Winchester, Indiana · Minting operations · 5,000 · Owned · not applicable

Winchester, Indiana · Fabrication facility · 17,000 · Leased · May-2028

Carson City, Nevada · Die-cutting and engraving facility · 2,000 · Leased · month-to-month

Henderson, Nevada · Minting operations · 141,815 · Leased · September-2032

Hayden, Idaho · Minting operations · 8,000 · Leased · December-2027

Shanghai, China · Minting operations · 23,681 · Leased · June-2034

Vienna, Austria · International marketing support operations · 248 · Leased · every three months

Hong Kong · Regional headquarters and support center · 15,000 · Leased · April-2031

Hong Kong · Numismatics showroom · 3,500 · Leased · January-2028

Singapore · Corporate office and support center · 250 · Leased · August-2026

Pinehurst, North Carolina (2) · Corporate office and support center · 10,000 · Leased · November-2035

Direct-to-Consumer Segment

Los Angeles, California · Corporate office and support center · 11,468 · Leased · January-2028

Dallas, Texas · Corporate office and support center · 3,245 · Leased · November-2028

Dallas, Texas · Corporate office and support center · 10,586 · Leased · November-2028

Irving, Texas · Distribution hub · 24,640 · Leased · April-2031

Calgary, Canada · Corporate office and support center · 22,650 · Leased · August-2028

Calgary, Canada · Corporate office and support center · 4,176 · Leased · August-2027

Newport Beach, California · Corporate office and support center · 22,875 · Leased · August-2030

Burnsville, Minnesota · Warehouse · 23,319 · Leased · June-2027

Eagan, Minnesota · Corporate office and support center · 44,298 · Leased · August-2039

Tulsa, Oklahoma · Retail office and support center · 3,200 · Leased · May-2030

Hong Kong · Retail office and support center · 4,684 · Leased · June-2029

Miami, Florida · Retail office, walk-in showroom · 3,500 · Leased · August-2034

Costa Mesa, California · Corporate office, auction and event venue · 12,691 · Leased · August-2027

Santa Ana, California · Warehouse · 41,722 · Leased · April-2030

Philadelphia, Pennsylvania · Retail office and support center · 3,128 · Leased · September-2028

San Francisco, California · Retail office and support center · 4,839 · Leased · June-2035

New York, New York · Retail, auction and event venue · 2,150 · Leased · October-2029

Boston, Massachusetts · Retail office and support center · 5,662 · Leased · April-2032

Newport Beach, California · Warehouse · 3,025 · Leased · February-2027

Wolfboro, New Hampshire · Retail office and support center · 2,000 · Leased · month-to-month

Paris, France · Retail office and support center · 250 · Leased · month-to-month

Copenhagen, Denmark · Retail office · 1,851 · Leased · month-to-month

Singapore · Corporate office and support center · 2,020 · Leased · March-2027

(1) The Secured Lending segment shares office space at this facility.

(2) The Direct-to-Consumer segment shares office space at this facility.

• Goldline, Inc. Delaware⁶
• JM Bullion, Inc. Delaware⁶
• LPM (Shenzhen) Trading People's Republic of China (95% owned)⁶
• LPM Group, LTD Hong Kong (95% owned)⁶
• Liberty Refining Services, LLC Nevada⁶
• Long Beach Expo, LLC California⁶
• Marketplace Partners, LLC Delaware (80% owned)⁶
• Marksmen Holdings, LLC Delaware⁶
• Monex Deposit Company, LLC California⁶
• Pinehurst Coin Exchange, Inc. North Carolina⁶
• Precious Metals Purchasing Partners, LLC Delaware (77.7% owned)⁶
• Provident Metals Corp. Delaware⁶
• SBG Finance, LLC California⁶
• SBN Denmark APS Denmark⁶
• SGI France SARL France⁶
• SGI Sub, Inc. Delaware⁶
• Silver Gold Bull USA Inc. Delaware⁶
• Silver Gold Bull, Inc. Canada (55.4% owned)⁶
• Silver Gold Depository, Inc. Canada (55.4% owned)⁶
• Silver.com, Inc. Delaware⁶
• Spectrum Group International, LLC Delaware⁶
• Spectrum Numismatics International, Inc. California⁶
• Spectrum Wine Auctions, LLC California (80% owned)⁶
• Stacks-Bowers Numismatics, LLC Delaware⁶
• Stacks-Bowers and Ponterio, LTD Hong Kong⁶
• Sunshine Minting International (Shanghai) Co. Ltd. People's Republic of China (70.5% owned)⁶
• Sunshine Minting, Inc. Nevada⁶
• Transcontinental Depository Services, LLC Delaware⁶

• We are incorporating artificial intelligence technologies into our processes and these technologies may present business, compliance, and reputational risks.
• The Company has minority investments in several entities engaged in precious metal marketing, but as a minority investor the Company is not able to exercise absolute control over these entities.
• Risks Related to World Events
• Our business is influenced by political conditions and world events.
• The Company experienced outsized growth in its revenues and operating profits during periods of volatility in the financial markets in recent years, and there can be no assurance that this level of performance will be attainable in the future.
• We derive significant revenues from business outside the United States.
• Recently announced changes to U.S. trade policy, including recently announced tariffs, and planned additional tariffs, could adversely affect our business.
• Inflation and high interest rates may adversely affect our costs and expenses and the demand for our products.
• Risks Related to our Wholesale Sales & Ancillary Services Segment
• The loss of a government purchaser/distributorship arrangement could materially adversely affect our business.
• We operate in a highly competitive industry.
• The Company is subject to risks relating to the operations of its Minting & Refining Division.
• Our business may at times be dependent on a concentrated customer base.
• The materials that we hold are subject to loss, damage, theft or restriction on access.
• Our logistics depository is subject to authorization by our lenders.
• Risks Related to our Direct-to-Consumer Segment
• Our Direct-to-Consumer businesses could be subject to accusations of improper sales practices.
• Our Direct-to-Consumer businesses operate in a highly competitive environment.
• JMB’s search engine optimization strategies have provided it with an important competitive advantage, but this may not continue.
• Many of our Direct-to-Consumer businesses rely upon paid and unpaid internet search engines to rank their product offerings and drive traffic to their websites, and their website traffic may suffer if their rankings decline or their relationships with these services deteriorate.
• If our Direct-to-Consumer businesses do not respond effectively to technological and market changes, they will cease to be competitive with other channels that consumers may have for the purchase of precious coins and bullion.
• If JMB fails to continuously improve its websites on all relevant platforms, including mobile, it may not attract or retain customers.
• Certain of JMB’s websites publish data concerning the precious metal and cryptocurrency markets obtained from third parties, which could be inaccurate.
• JMB, Goldline, SGB, Monex, and SGI expect to profit on precious metals acquired from their customers, but that might not be the case.
• The business of Stack’s Bowers Galleries may subject us to auction-related risks.
• Risks Related to our Secured Lending Segment
• Our lending business depends on the ability of CFC to originate or acquire loans secured principally by bullion and numismatic coins.
• The number of loans and the size of CFC’s loan portfolio can vary significantly from period to period.
• The growth of the Secured Lending segment is likely to require significant resources.
• Risks Relating to Commodities
• Gold.com’s business is heavily influenced by volatility in commodities prices.
• Our business is exposed to the risk of changes in commodity prices, and our hedging activity to protect our inventory is subject to risks of default by our counterparties.
• Increased commodity pricing could limit the inventory that we are able to carry.
• We rely on the efficient functioning of commodity exchanges around the world, and disruptions on these exchanges could adversely affect our business.
• Risk Related to our Regulatory Environment
• The CFTC may seek to assert jurisdiction over the Company’s activities.
• Legislative and regulatory initiatives will require us to expend time and resources on environmental reporting.
• Compliance with new and existing data protection/privacy and AI statutes could increase our costs and expose the Company to possible fines for violation.
• We are subject to other laws and regulations.
• One or more states or municipalities could assert that the Company is liable for sales and use, commerce, or similar type of taxes, which could adversely affect our business.
• We use lead providers and marketing affiliates to assist us in obtaining new customers, and if lead providers or marketing affiliates do not comply with an increasing number of applicable laws and regulations, or if our ability to use such lead providers or marketing affiliates is otherwise impaired, it could adversely affect our business.
• Judicial decisions, CFPB rulemaking, or amendments to the Federal Arbitration Act could render the arbitration agreements we use illegal or unenforceable.
• Our advertising and marketing materials and disclosures related to our Direct-to-Consumer and Secured Lending segments have been and continue to be subject to regulatory scrutiny.
• Risks Relating to Our Common Stock
• We may not continue to pay any dividends in the future.
• Your percentage ownership in the Company could be diluted in the future.
• Provisions in our Certificate of Incorporation and Bylaws and of Delaware law may prevent or delay an acquisition of the Company, which could decrease the trading price of our common stock.
• Our board and management beneficially own or represent owners of a sizable percentage of our common stock and therefore have the ability to exert substantial influence as stockholders.
• We intend to continue to pursue selective acquisitions and investments to complement our organic growth, which may not be successful.
• Legislatures and regulators continue to scrutinize cybersecurity management and incident reporting.
• The Company’s failure or inability to protect its intellectual property could harm its competitive position.
• Third parties may assert violations of their intellectual property rights against the Company.
• Changes in tax law could adversely affect our business.
• Third-party expectations relating to ESG factors may impose additional costs and expose us to new risks.