Franklin Partners advises The Gold Center, Inc. in sale.
The Gold Center, Inc. has announced its sale to an undisclosed family office. The founder will retain a minority interest and will have an advisory role with the business going forward.
The Gold Center is one of the country’s largest wholesale dealers of gold and silver coins and bullion, and is a leading refiner of gold, silver and platinum scrap. It is also one of nine primary distributors of American Silver Eagles for the U.S. Mint.
The company’s unique business model enables it to capitalize on changes in the demand and supply of coins, bullion and scrap. The Gold Center’s performance through periods of both rising and falling commodity prices was very attractive to investors seeking a high ROI and a business hedge against currency inflation.
Franklin Partners advised the owner of The Gold Center in all phases of the transaction.