When it comes to your project, having the right metal supplier is important. You want to make sure you're working with a provider that can deliver high-quality materials and reliable service. Asking the right questions upfront can help you make an informed decision and avoid any headaches down the line.

You will get efficient and thoughtful service from CHY.

Question #1. What Types of Metals Do You Offer?

This is an essential question to get a clear understanding of the provider's capabilities. You want to make sure they have the specific type of metal you need for your project, whether that's steel, aluminum, copper, or some other material.

Knowing the full range of metals they can supply will help you assess if they are truly equipped to meet your requirements. A provider that specializes in a wide variety of metals is more likely to be able to source exactly what you're looking for.

Be as detailed as possible in describing the metal characteristics you need ' the alloy, grade, finish, dimensions, etc. A knowledgeable metal supplier should be able to match those specifics and demonstrate their ability to fulfill your order.

Asking this upfront can save you a lot of time and hassle down the road. You don't want to get too far into the process only to find out your provider doesn't actually carry the metal you need. Starting with this question sets you up for a successful partnership.

Question #2. Do You Provide Custom Cutting and Sizing? 

Having the ability to get metal pieces cut precisely to your specifications can be a huge time and cost saver. Custom cutting and sizing from the supplier eliminates the need for you to do that work in-house, which streamlines your operations.

Be sure to ask the provider if they offer these value-added services. Find out the types of cutting methods they use, the tolerances they can achieve, and any limitations on the sizes or shapes they can handle.

Knowing upfront that the supplier can deliver metal components that are perfectly sized for your application gives you one less thing to worry about. It ensures a smoother, more efficient manufacturing process on your end.

Some providers may even be able to take your CAD drawings or detailed measurements and cut the metal accordingly. This level of customization can be incredibly helpful, so make sure to inquire about their capabilities in this area.

Question #3. What Are Your Lead Times? 

Understanding the provider's typical delivery timelines is necessary for planning out your project schedule. You'll want to know both their standard lead times as well as any expedited options they may offer.

Ask the supplier questions like: What is your standard lead time for a typical order? Do you have any rush or expedited shipping services available? How much advance notice do you typically need for an order? Can you provide a faster turnaround if needed, and at what cost?

Knowing this information upfront helps you set realistic expectations and avoid delays down the line. It's important to make sure the provider's lead times match your project needs.

Some metal suppliers may even be able to hold inventory for you or provide just-in-time delivery to further streamline your operations. Be sure to inquire about any flexibility they have when it comes to lead times.

Question #4. How Do You Ensure Quality Control? 

Quality control is huge ' you want to make sure you're getting the good products, right? Ask them about all the different ways they keep an eye on the quality. What kind of inspections do they have in place? Do they have any certifications or official testing to back up the quality? You really want to make sure they have solid processes to check the materials and make sure everything is top-grade before it gets to you.

The key things to look for are the inspections they do, any certifications they've earned, and the testing methods they use. That'll give you a good sense of how seriously they take quality control and how much you can trust that you're getting the best of the best. Don't be afraid to dig into the details ' quality is too important to just take their word for it.

Question #5. Can You Provide References or Case Studies? 

 When you're looking for a reliable provider, you want to see that they've got a track record of keeping their customers happy. Ask them if they can hook you up with some references or case studies that show off the kind of work they've done before.

References from other customers are gold ' you can get the real scoop on how they operate and whether they deliver on what they promise. And case studies are important too, because you can see some specific examples of the projects they've tackled and how they handled things.

The key is to get a sense of their performance and reliability. You want to know they've got a history of satisfied customers and that they can actually walk the walk, not just talk the talk. So don't be afraid to dig into those references and case studies ' it'll give you a much clearer picture of what to expect.

Question #6. What Are Your Payment Terms and Conditions? 

Talk about payment terms and conditions. This is super important to nail down upfront so there aren't any surprises down the line.

You'll want to get the full scoop on their payment setup ' what kind of upfront costs are there, how do they structure the payment schedule, and what payment methods do they accept? Make sure you understand all the financial details before you commit to anything.

Get crystal clear on things like any deposits or upfront fees you'll need to pay, the timeline for when the rest of the payments are due, and whether they take credit cards, checks, wire transfers, etc.

Knowing all the payment terms ahead of time will help you budget properly and avoid any unexpected charges or headaches later on. It's all about transparency and making sure you're on the same page financially from the start.

Don't be afraid to ask lots of questions here ' the more you know, the better you can plan and the smoother the whole process will go. Payment terms are a major part of making sure this partnership is set up for success.

Question #7. Do You Offer Volume Discounts or Loyalty Programs?

Volume discounts and loyalty programs can really save you some cash if you're planning on making big or regular orders.

Ask them straight up if they offer any discounts for larger quantities or for customers who come back to them time and time again. Those volume discounts can add up fast, especially if you know you're going to be placing sizable orders.

Loyalty programs are another great way to get some perks. See if they have anything set up where you can earn points, get special pricing, or access exclusive deals the more business you give them. It's an easy way to get a little something extra for being a devoted customer.

Get a full understanding of any money-saving opportunities they have. Discounts, loyalty programs, bulk pricing ' whatever they've got, make sure you understand how it all works so you can maximize those savings. Don't be afraid to negotiate either ' see if they're willing to sweeten the deal a bit.

At the end of the day, you want to be sure you're getting the best out of your money. These kinds of perks and discounts can make a real difference, so don't overlook them!

Question #8. How Do You Handle Returns and Refunds? 

The return and refund policy is also super important to nail down. You must know the deal in case something doesn't quite work out the way you hoped.

Ask them to break down their whole process for handling returns and refunds. What's the timeline you have to work with? Do they offer full refunds or just store credit? And what's the process ' do you have to jump through a bunch of processes or is it pretty straightforward?

You want to make sure their policy has your back in case you need to send something back. Nobody wants to get stuck with something that doesn't meet expectations, so understand upfront what your options are.

See if they have any special considerations or exceptions too. Like, do they treat bulk orders differently or have a different policy for custom work? The more details you can get, the better prepared you'll be.

At the end of the day, you want to work with a provider that stands behind their stuff and makes the return/refund process as painless as possible. It's all about your peace of mind, so don't be afraid to dig into the details on this one.

Question #9. What Are Your Delivery Options and Costs? 

Ask about delivery options and costs too. This is super important because you need to make sure your order gets to you on time and without any extra surprises.

Ask them to break down all the different delivery choices they offer ' rush delivery, standard shipping, freight, that kind of thing. And make sure you understand the costs associated with each option. Don't forget to ask about any additional fees, like fuel surcharges or special handling charges.

The timeline is important too. Find out how long each delivery method typically takes so you can plan accordingly. You don't want any delays that could throw off your whole project.

See if they have any guarantees or policies around on-time delivery. That gives you a little extra peace of mind knowing they're committed to getting your order to you when they say they will.

Reliable delivery is so important, so don't be afraid to really know all the details. The more you know upfront, the better you can budget and prepare. And if something doesn't work for your needs, you can always negotiate or look at alternative options.

Question #10. Are You Environmentally Conscious? 

Sustainability is a big deal these days, so you'll want to know how eco-conscious they are.

See if they have any recycling or waste reduction programs in place. Do they make an effort to use recycled or sustainably-sourced materials? And what about their shipping methods ' are they trying to minimize the carbon footprint there?

It's all about understanding their overall commitment to being environmentally friendly. You can ask about their recycling and waste management policies, the sourcing of their raw materials, any certifications or third-party sustainability ratings, and initiatives to reduce energy usage or emissions

The more details you can get, the better picture you'll have of how green they're really being. Some companies just pay lip service, so you want to make sure their practices backup their claims.

Sustainability is important, so make sure to really understand this. Their environmental track record can be a big factor in deciding if they're the right fit for your needs.

Question #11. Do You Offer Technical Support and Consultation? 

Technical support and consultation are also key things to ask about. You want to make sure you've got knowledgeable experts in your corner to help you make the best choices and troubleshoot any problems that come up.

Find out if they have a dedicated customer service or technical support team that you can reach out to. What are their hours of operation? And how quickly can you typically expect a response when you reach out?

It's also worth asking about the expertise level of their support staff. Do they have in-house technical specialists who can really dive deep into the details? Or is it more of a general customer service team?

Depending on the complexity of what you're working on, having that high-level technical guidance can make a big difference. You want to know you're getting advice from people who really know their thing.

And see if they offer any additional consulting services, like helping you spec out the right materials or providing design assistance. That extra level of support can be super valuable, especially for more complex projects.

The bottom line is you want to feel confident that you've got a knowledgeable partner to turn to whenever you need help. Technical support and expertise are essential, so don't be afraid to ask a lot of questions and get the full picture upfront.

Question #12. What is Your Customer Service Like? 

Customer service factor can really make or break the whole experience, so it's very important to get a good handle on what to expect.

Start by asking about their support hours ' when can you reach out to them if you have any questions or issues? And just as important, how quickly can you typically expect a response? Fast turnaround on inquiries is a must.

Find out how they handle customer communications too. Is it easy to get in touch via , , or even live chat? You want to make sure there are multiple convenient channels to work with.

And definitely ask about their approach to resolving customer complaints or concerns. Do they have a clear, straightforward process? And are they known for being understanding and willing to make things right?

Responsiveness, accessibility, and a customer-centric attitude ' that's what you're looking for in great customer service. You want to feel confident that this provider will have your back every step of the way.

Take the time to really vet this one out. A provider's customer service reputation can say a lot about how they value their clients. And that peace of mind is priceless when you're trying to get a project done right.

Ask the Right Questions: Get the Right Provider

Taking the time to thoroughly vet a metal provider through targeted questions like these helps set you up for success.

Want more information on Pure Metal? Feel free to contact us.

Asking about their capabilities, policies, customer service, and environmental practices gives you a well-rounded understanding of what you can expect as a client. It allows you to identify the right partner who can deliver quality materials, on-time and within your specifications.

The key is being proactive and digging into the details upfront. That way, there are no surprises down the road and you can feel confident moving forward with a provider that truly aligns with your needs and priorities.

Preparation is everything when it comes to managing a complex project. These thoughtful questions demonstrate your professionalism and help ensure a smooth, productive working relationship from start to finish. 

Frequently Asked Questions

What Factors Should I Consider When Choosing a Metal Provider?

Consider quality, product range, pricing, delivery time, and customer service.

How Can I Verify the Quality of the Metal Provided?

Ask for certifications, request samples, and read customer reviews.

What Types of Metals Do Metal Providers Typically Offer?

They typically offer steel, aluminum, copper, brass, and bronze.

Are There Minimum Order Quantities?

It varies by provider, but some have minimum orders, and bulk discounts may be available.

How Important is the Location of the Metal Provider?

A closer provider reduces shipping costs and delivery times and offers better local support.

What Should I Ask About Delivery and Logistics?

Inquire about delivery options, lead times, and shipment tracking.

Can Metal Providers Offer Custom Solutions?

Yes, many offer customization services like cutting, shaping, and finishing.

What Are The Payment Terms Usually Offered by Metal Providers?

Check accepted payment methods, credit terms, and if upfront payments are required.

How Do I Handle Returns or Disputes with a Metal Provider?

Understand their return policy and dispute resolution process.

Why Is It Important to Have a Long-term Relationship with a Metal Provider?

Long-term relationships ensure consistent quality, better pricing, and trust.

References

Raw material purchasing strategy

Major metals demand, supply, and environmental impacts

 

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The Commodities Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA) are jointly issuing this Investor Bulletin to make investors aware of frauds involving investments in physical precious metals, in particular those involving self-directed individual retirement accounts (SDIRAs).[1]

Gold or silver IRA frauds frequently target older workers and retirees because they typically have more money saved in their qualified retirement accounts than younger people. Those in or near retirement also commonly seek safe places to keep their wealth, to ensure they will have money well into the future or possibly to pass on to heirs.

However, precious metals prices can fluctuate just like other investments, and frauds that oversell safety, overinflate the price of metals, and overcharge fees and commissions rob older adults of their retirement nest eggs at a point in life when they might be unable to return to work or otherwise support themselves. Over the past decade, the CFTC has charged numerous companies with selling overpriced precious metals to customers, for an alleged total of more than $500 million in fraudulent sales.

Before you consider rolling over your retirement plan to a gold or silver IRA, here are 10 questions you should ask:

1. Should I respond to a precious metals dealer who calls or emails me with an attractive offer?

No. Never respond to cold calls, unsolicited emails, junk mail, late-night commercials or infomercials, social media posts, or pop-up dealers who sell at public events or might ask to come to your home. These are all common tactics scammers use.

2. How do I find a reputable dealer?

Start in your local community with well-established dealers. Retail metal dealers are not regulated at the federal level. Consult local consumer organizations as well as your state's attorney general or securities regulator to see if the dealer has a history of complaints. If you choose to shop online, verify the dealer's physical address and how long it has been operating, and search online for the names of owners or salespeople for prior complaints or criminal allegations.

3. Is the precious metals salesperson a registered commodity trading advisor or investment professional?

In most cases, the precious metals salesperson trying to convince you to rollover your retirement savings has no professional experience and is not qualified to give trading, investment, or tax advice. Most often they are boiler-room telemarketers trained, rehearsed, and incentivized to separate customers from their money. These operators might first call to size up your willingness to buy. They might offer a free gift or limited-time offer. Then, they might hand you off to their 'lead trader' or a special expert to work with you one-on-one. If someone tries to persuade you to buy, suggests what to buy, how much, or when, that's advice and they might be required to register with the CFTC, SEC, FINRA or your state regulator. Ask them directly if they are registered, then verify it, and take a look at their disciplinary histories, too. If they are registered, this information is available from their regulators.

4. What is a gold IRA?

Dealers use the 'gold IRA' label for SDIRAs when they want older workers or retirees to use their retirement savings to buy gold or silver bullion. Money can be rolled over from a 401(k) or other retirement account to an SDIRA without penalty; however, once that cash is in the SDIRA, you are on your own (that's the self-directed part of SDIRAs). You no longer have fiduciaries or advisors there to help you guard against bad investments. Read this advisory from the SEC, FINRA, and the North American Securities Administrators Association (NASAA) to learn more about SDIRAs.

If you're in or approaching retirement and looking to preserve wealth, it might not make sense for you to roll over an existing retirement account and pay high fees, commissions, and administrative costs to purchase large amounts of bullion. In some cases, gold or silver IRA fraud victims had one-third to one-half of their savings drained by fraudsters' markups, fees, and commissions.

IRS rules for rollovers and self-directed IRAs are complex, and mistakes can be costly or result in losing the account's tax-deferred status. If you're considering big changes to your tax-advantaged retirement plan, consider consulting a tax professional or financial advisor to avoid owing additional taxes or penalties. More information about retirement plan tax rules is available from the IRS.

5. What is the spot price?

This is the cash price for immediate delivery of physical metal and should be easy to get from financial news or quote providers. The spot price is quoted in dollars per troy ounce. When comparing prices for specific coins or ingots, be sure you are comparing the actual weight and price. If the current spot price is $2,000, for example, a half-ounce coin would be worth $1,000, plus the dealer's markup or 'premium.'

6. What is the spread?

A dealer will always sell metal above the spot price and buy it back below the spot price. The difference between the dealer's buy and sell price is known as the dealer's spread. Each dealer sets its own spread, so it pays to shop around. Some fraudulent dealers have charged spreads of more than 300 percent while others dealers may charge less than 20 percent.

The greater the spread and other transaction or ongoing costs, the more the spot price would have to rise for you to make a profit. If the spread is too high, as in most frauds, it's impossible for buyers to ever profit. In one case, a customer rolled over a $300,000 IRA, and the dealer allegedly took $150,000 in fees and commissions

7. What fees and commissions will I be charged?

Ask for all fees, costs, commissions, and agreed retail price in writing BEFORE signing a sales agreement or turning over any money. Also take the following steps:

• Multiply the weight of the metals you are considering to the current spot price, and compare this figure with the retail price you are being charged.
• Ask how much you would receive if you had to sell back the metal tomorrow. What's the dealer's buy-back price?
• Ask the telemarketer, 'lead trader,' or others you talk to how they are paid. Are their commissions and fees included in the spread?
• Ask how the company earns its profit, especially if it appears to be giving away precious metal or offering other big freebies.

If fees are not available in writing before your purchase, that is a red flag.

8. What other costs should I consider?

Other potential costs are storage, insurance, administrative fees, and possibly additional taxes and penalties if you take money from a qualified retirement account. Some fraudulent dealers have charged storage and insurance fees for metal that never existed. Metals in a self-directed IRA must be held by the IRA trustee or custodian. The custodian will provide account holders with an IRA statement that shows the 'melt' value of the metals'the total bullion weight times the metal's spot price. Review the SDIRA account statement carefully to ensure you received all the bullion you paid for, or that you did not pay an overinflated price. IRA custodians also charge for their services, and self-directed IRA fees are typically higher than directed-IRA fees.

9. What's the difference between bullion, numismatic, or semi-numismatic?

Bullion coins or ingots share a common investment-grade purity and weight. 'Numismatic' means the coins are rare or collectible. 'Semi-numismatic' is a made-up industry term that really has no special meaning. These coins are sold as collectible but typically are not rare and carry no additional value. If anything, they are likely less liquid'harder to sell'than bullion. Fraudsters might claim they are selling numismatic or semi-numismatic coins 'that will be worth more to collectors' to justify their overinflated spreads. Only certain bullion can be kept in an IRA. If someone tries to charge you more for collectible or 'semi-numismatic' coins, it's likely a scam. See other lies some gold IRA dealers commonly tell.

10. Are there other ways to own precious metals?

There are financial products such as commodity exchange traded products (ETP) or pools< that offer exposure to metals prices. While these products come with their own fees and costs, you might be able to add them to your existing IRA, and they are fully regulated. Be sure the ETP investment professional or commodity pool advisor is registered before investing. Review signs of possible commodity pool fraud.

If you suspect fraud

If you suspect you have been impacted by fraud or have knowledge of a fraudulent dealer, submit a whistleblower tip or fraud complaint at CFTC.gov/complaint. You can also report possible securities fraud to FINRA using its File a Tip form, or to your local state or provincial regulator. Seniors who have questions or concerns about their investment accounts can also call the FINRA Securities Helpline for Seniors at 844-57-HELPS (844-574-).

Learn more tips on investing wisely and avoiding fraud at cftc.gov and finra.org.

[1] We have provided this Investor Bulletin for information purposes as a service to the public. It is neither a legal interpretation nor a statement of CFTC or FINRA policy.

This article was prepared by the CFTC's Office of Customer Education and Outreach. It is provided for general informational purposes only and does not provide legal or investment advice to any individual or entity. Please consult with your own legal advisor before taking any action based on this information. This advisory references non-CFTC websites, and organizations. The CFTC cannot attest to the accuracy of information in those references. Reference in this article to any organizations or the use of any organization, trade, firm, or corporation name is for informational purposes only and does not constitute endorsement, recommendation, or favoring by the CFTC.

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