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Here are 1-3 brief analogies for Gold.com:

• Amazon for precious metals
• eBay for gold and silver
• Carvana for physical precious metals

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• Sales of Physical Gold: Gold.com facilitates the direct purchase of various forms of physical gold, including bullion bars, coins, and rounds, for investors and collectors.
• Secure Storage Services (Logistics & Security): The company offers secure, insured vaulting solutions for customers to store their purchased gold and other precious metals in off-site facilities.
• Precious Metals IRA Services (Financial & Investment): Gold.com assists clients in establishing and funding self-directed Individual Retirement Accounts (IRAs) with physical gold, ensuring IRS compliance.
• Buyback Program (Liquidity): Customers can sell their gold and other precious metals back to Gold.com, providing a convenient and reliable way to liquidate their investments.

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There appears to be a misunderstanding regarding the company name and symbol provided. The public company Gold.com with the symbol GOLD does not exist as a standalone entity. The symbol GOLD is predominantly associated with Barrick Gold Corporation, one of the world's largest gold mining companies. The website Gold.com, on the other hand, is an online retailer of precious metals and is owned by A-Mark Precious Metals, Inc. (AMRK), a separate public company.

Assuming you are referring to Barrick Gold Corporation (Symbol: GOLD), its business model is primarily Business-to-Business (B2B).

Major Customers of Barrick Gold Corporation:

• Precious Metals Refiners and Smelters: These are specialized industrial companies that purchase gold doré (a semi-pure alloy of gold and silver) and copper concentrate from Barrick. They process these raw materials into pure gold and copper ingots, bars, and other forms for industrial use, investment, and jewelry manufacturing. Due to the nature of their operations, specific refiners are often privately held or divisions of larger conglomerates and are not typically disclosed as named direct customers by Barrick.
• Bullion Banks: These are major financial institutions with dedicated precious metals divisions that trade, store, and finance physical gold and other precious metals. They act as key intermediaries in the global gold market, acquiring gold from producers like Barrick and distributing it to various market participants, including central banks, industrial users, and institutional investors. Examples of financial institutions with significant bullion operations include divisions of JPMorgan Chase & Co. (NYSE: JPM) and HSBC Holdings plc (NYSE: HSBC). Barrick does not typically disclose the names of specific direct bullion bank customers due to confidentiality.
• Industrial Smelters and Refiners (for Copper): For its copper production, Barrick sells copper concentrate to specialized smelters and refiners. These entities process the concentrate to extract pure copper for use in a wide array of industries such as electronics, construction, and automotive. Like precious metals refiners, these are primarily industrial entities, and their specific names are not usually disclosed as direct customers by Barrick.

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Gregory N. Roberts, Chief Executive Officer
Mr. Roberts has served as the Chief Executive Officer and a Director of Gold.com, Inc. (formerly A-Mark Precious Metals, Inc.) since July 2005. Prior to his current role, he was the President and Chief Executive Officer of Spectrum Group International (SGI), where he also served as the President of Spectrum's North America coin division.

Cary Dickson, Chief Financial Officer; Executive Vice President
Mr. Dickson was appointed Chief Financial Officer and Executive Vice President of Gold.com, Inc. on July 1, 2025. He re-joined the company on May 2, 2025, as Executive Vice President. Previously, Mr. Dickson held the position of Chief Financial Officer at Entrepreneurial Corporate Group.

Jeffrey D. Benjamin, Chairman
Mr. Benjamin has been the Chairman of Gold.com, Inc. since 2014. His prior experience includes serving as a Senior Advisor to Cyrus Capital Partners LP since 2008 and a Consultant to Apollo Management LP since 2002. He also served as Chairman of SGI from 2012 to 2014 and as a Director of SGI from 2009 to 2014.

Brian Aquilino, Chief Operating Officer
Mr. Aquilino has served as the Chief Operating Officer of Gold.com, Inc. since 2020. Before this appointment, he was a Director and the Vice President of Operations within the company.

Oscar Carrasco, Chief Information Officer
Mr. Carrasco has been the Chief Information Officer of Gold.com, Inc. since 2024. He previously held the role of Senior Director to Vice President of Information Technology at the company and also worked at DIRECTV and AT&T.

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1. Gold Price Volatility: As a company primarily dealing in precious metals, Gold.com's business is highly susceptible to fluctuations in gold prices. Significant price swings, driven by global economic conditions, monetary policies, geopolitical events, or shifts in investor sentiment, can directly impact the value of its inventory, profit margins, and overall financial performance.
2. Regulatory Scrutiny and Changes in the Digital Gold Market: The market for "digital gold" or "e-gold" products is increasingly under regulatory scrutiny. Regulators, such as India's SEBI, have issued warnings to investors about the significant risks associated with unregulated digital gold offerings, citing a lack of investor protection mechanisms and exposure to counterparty and operational risks. If Gold.com offers or plans to expand into such digital gold products, it faces the risk of evolving regulations, potential restrictions, or increased compliance costs, which could impact its business model and customer trust.
3. Liquidity and Operational Risks: Gold.com, in its role of trading and distributing precious metals, faces liquidity risks related to the ease of buying and selling physical gold, especially during periods of market volatility. Additionally, operational risks, including secure storage, efficient logistics, and managing counterparty risks in both physical and potentially digital transactions, are crucial. Challenges in these areas can impede the company's ability to execute transactions effectively and meet its obligations.

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The rise of tokenized gold and other blockchain-based precious metal products presents a clear emerging threat. These digital assets, which represent ownership of physical gold and are traded on blockchain platforms, offer several advantages over traditional physical gold purchases and storage facilitated by companies like Gold.com. These advantages include fractional ownership, instant settlement, 24/7 trading, and potentially lower transaction and storage costs. Platforms like Paxos Gold (PAXG) and Tether Gold (XAUT) are already established, attracting investors seeking enhanced liquidity, transparency, and digital native solutions for their precious metal holdings, thereby potentially diverting a significant portion of the market that would traditionally engage with Gold.com's services.

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For Gold.com (symbol: GOLD), an integrated alternative assets platform offering precious metals, numismatic coins, and related services, the addressable markets for their main products and services are identified as follows:

• Global Gold Market: The global gold market was valued at approximately USD 291.68 billion in 2024 and is projected to reach USD 457.91 billion by 2032. Another estimate indicates the global gold market is valued at approximately USD 2.5 trillion, primarily driven by demand for gold as a safe-haven asset and increasing consumer interest in gold jewelry and investment products.
• Global Gold Bullion Market: This market segment, which includes gold bars and coins, was valued at USD 65.94 billion globally in 2024 and is projected to grow to USD 171.43 billion by 2033.
  • U.S. Gold Bullion Market: Within the global gold bullion market, the U.S. segment had a market size of approximately USD 16.78 billion in 2024.
• Global Gold Invest & Trading Platform Market: This market, encompassing platforms for gold investment and trading, was valued at USD 8.2 billion in 2024 and is expected to grow to USD 15.7 billion by 2035. North America is anticipated to be a dominant region in this market.

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Here are 3-5 expected drivers of future revenue growth for Gold.com (symbol: GOLD) over the next 2-3 years:

1. Strategic Acquisitions: Gold.com has demonstrated a strategy of revenue growth through acquisitions, with recent examples including SGB, Pinehurst, and AMST in the latter half of fiscal year 2025. This approach contributes to geographic diversification and expansion into new market segments, such as Asia.
2. Organic Customer Base Expansion: The company has experienced organic growth in its JMB customer base, leading to an overall increase in total customers. This expansion of its core customer demographic is expected to continue driving revenue.
3. Increased Sales Volume and Favorable Precious Metal Prices: Revenue growth has been attributed to an increase in the number of gold ounces sold and higher average selling prices for gold and silver. This indicates that both a higher volume of transactions and a strong precious metals market will continue to be significant revenue drivers.
4. Leveraging Recently Acquired Brands and Services: The company's recent acquisitions, such as Stack's Bowers Galleries, have already contributed to gross profit through strong auction results. Continued optimization and performance from these integrated brands and their specialized services are anticipated to fuel future revenue.

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Share Repurchases

• Over the past three years (2022-2024), Barrick returned $3.5 billion to shareholders through dividends and share buybacks, which reduced its outstanding share count by 52 million shares, or 3%.
• In February 2025, Barrick's Board of Directors authorized a new share repurchase program for up to $1.0 billion of its outstanding common shares over the subsequent 12 months.
• As of September 30, 2025, $1.0 billion in shares had been repurchased under the February 2025 program, and an additional $500 million was authorized, increasing the total authorized amount to $1.5 billion, with the program expiring in February 2026.

Share Issuance

• No significant share issuances for capital raising purposes by Barrick Gold Corporation were reported in the last 3-5 years.

Inbound Investments

• Barrick is collaborating with a consortium of multi-lateral lenders to raise up to $3 billion in limited recourse project financing for Phase 1 of the Reko Diq project, aiming to lower Barrick's equity funding requirements.
• In November 2025, Capital International Investors reported a passive stake of 6.3% in Barrick Mining Corporation, encompassing 107,795,321 common shares.

Outbound Investments

• Barrick recently acquired a 45% stake in Argentina's Veladero mine, as referenced in Q1 2025, to gain access to an additional 9 million ounces of reserves.
• In April 2020, Barrick invested approximately C$1.4 million in Precipitate Gold Corp., acquiring 12,713,636 common shares (a 12.02% stake) as part of an earn-in agreement for the Pueblo Grande Project in the Dominican Republic.

Capital Expenditures

• Expected capital expenditures for 2025 are projected to range from $3.1 billion to $3.6 billion, with 60% allocated to sustaining projects and 40% to high-return expansion.
• Capital requirements for the 2025-2029 period are forecasted at approximately $16.5 billion on an attributable basis, primarily for significant growth projects such as the Lumwana SuperPit and Reko Diq.
• Key projects include Phase 1 of the Reko Diq project, with an estimated total capital cost of $5.6-$6.0 billion (100% basis) and Barrick's equity share expected at $1.8-$2.0 billion, and the Lumwana Super Pit Expansion with an estimated total capital cost of $2 billion, both with construction slated to begin in 2025.