Replies to post #13222 on The Graystone Company, Inc. (GYST)

[TA_Sleuth]

3. Q. How does the company obtain the silver and gold it sales on Ebay and www.graystonegold.com?

A. As previously disclosed in the Company’s filings we purchase gold and silver from other mines, refineries and mints at wholesale pricing. Graystone is a wholesale dealer with these entities due to the volume and amount of product that has been purchased.


4. Q. What are the margins on the sale of silver and gold?

A. The Company attempts to maintain a margin of 20% on the silver and gold it purchases from other mines, refineries and mints at wholesale pricing. Although with the pricing of silver and gold changing every day and the fact that we sell a lot via the auction method on eBay it is impossible to have a set margin on any individual sell.

[TA_Sleuth]

I called the Company yesterday, suggesting that they do some Damage Control regarding the Admiral's negative comments, yestyerday.