Risk Disclosure Statement

This Risk Disclosure Statement is incorporated by reference into the Customer Agreement between Client and Anchor Silver Capital LLC (“Anchor Silver Capital,” “ASC”). Please read this document in full before purchasing precious metals products. If you do not understand any part of this disclosure, consult your attorney, tax advisor, or financial advisor before proceeding.

1. Precious Metals Are Speculative Investments

The price of gold, silver, and other precious metals fluctuates based on global market conditions, industrial demand, currency movements, interest rates, and geopolitical events. Past performance of any metal is not indicative of future results. The value of your purchase may decrease as well as increase, and there is no guarantee you will be able to sell your metals for the price you paid.

2. No Guarantee of Profit

Anchor Silver Capital makes no representation, warranty, or guarantee regarding the future value, price appreciation, or profitability of any product purchased. Anyone who suggests a guaranteed profit or guaranteed absence of loss is not authorized to speak on Anchor Silver Capital’s behalf, and you should notify our Client Relations Department in writing immediately.

3. Premiums and Pricing

All products are sold at a premium over the spot price of the underlying metal. This premium covers sourcing, fabrication, delivery, and operational costs. Premiums vary by product type:

• Common Bullion Products (e.g., government-minted coins, standard bars): typically 2% to 15% over spot
• Premium Products (e.g., semi-numismatic and numismatic items): typically 5% to 15% over spot

Because you buy at the “ask” price and sell back at the lower “bid” price, your investment must appreciate beyond this spread before you realize a profit. Premiums and spreads are subject to change and may vary between transactions.

4. Liquidity Risk

Precious metals are not as liquid as publicly traded securities. Selling your metals may take time, and the price you receive will depend on market conditions and the liquidity of the specific product at the time of sale. Anchor Silver Capital’s buy-back policy is not a guarantee to repurchase any product, and buy-back terms are subject to change without notice.

5. Not FDIC or SIPC Insured

Precious metals are physical commodities, not bank deposits or securities. They are not insured by the FDIC, SIPC, or any other government or private insurance program. If you choose third-party depository storage, ask the storage provider directly about their insurance coverage.

6. Storage and Custody Risk

If you store metals with a third-party depository, Anchor Silver Capital is not responsible for the security, condition, or insurance of metals once they are in that depository’s custody. You are solely responsible for selecting a storage provider and understanding their terms.

7. IRA-Specific Risks

If you are purchasing precious metals for a self-directed IRA, additional risks and rules apply, including IRS eligibility requirements for metals held in retirement accounts, custodian fees, storage fees, and required minimum distribution (RMD) rules once you reach RMD age. Metals held in an IRA cannot be held in personal possession. Consult a qualified tax advisor regarding the tax treatment of precious metals IRAs.

8. No Investment, Tax, or Legal Advice

Anchor Silver Capital does not provide investment, tax, or legal advice. Nothing on this website or in any communication from Anchor Silver Capital should be construed as a recommendation to buy, sell, or hold any product. You are solely responsible for your own investment decisions and are encouraged to consult independent professionals before purchasing.

9. Alternative Providers

The products sold by Anchor Silver Capital can be purchased from other dealers. You are under no obligation to purchase exclusively from Anchor Silver Capital and are encouraged to compare pricing and terms with other providers.

10. Acknowledgment

By signing the Customer Agreement, you acknowledge that you have read, understood, and accept the risks described in this Risk Disclosure Statement.