NTR Metals & Ohio Precious Metals Merger Reported FIRST by Silver Vigilante Now Confirmed by Mainstream
The NTR-OPM Merger first reported by Silver Vigilante has been confirmed by mainstream outlets. The two privately held companies have combined to become the largest recycler of gold and silver in North America. In other words, I am not full of shit!
Silver Vigilante got you this story 5 days before other outlets (booya!)
The new company formed by the merger will produce approximately 10% of the world’s recycled gold, according to the President of OPM, Bill LeRoy.
According to the Wall Street Journal, gold flows from scrap dealers have increased by almost one-third since 2008, as more people turned their unwanted jewelry into cash. Secondary gold supply was up half of a percent in 2011 to 40.6 million ounces – 34% of the world’s supply, according to CPM group.
The merger will not join the companies totally, as they will continue operating separately. A new company, however, has been formed as a parent and is called Global Metals Holdings LLC.
According to the Wall Street Journal, the NTR and Ohio Precious Metals merger is also a pre-emptive move to manage volatile metals prices.