A customer escrow account is a special escrow bank account that is separate from our traditional business account in which funds are placed on hold for the sole purpose of purchasing precious metal bullion coins or bars by the customer who deposited those funds. All funds deposited in these accounts are NEVER CO-MINGLED with any other company funds and remain the exclusive property of the customer who deposits them until such time they elect to use these funds to purchase bullion.
What are Customer Escrow Accounts?
About the Author: Alex Ackel
Alex Ackel is the owner and operator of Louisiana Precious Metals Exchange LLC. He has been a precious metal dealer for over a decade. He is an expert in all things precious metals. Since 2010 he has amassed an extensive knowledge of the precious metals industry-including fine gold and silver jewelry, gold and silver bullion coins and bars, diamonds, colored stones, rare numismatic coins, and fine Swiss time pieces. As a precious metals analyst he closely follows the precious metal market prices and trends.
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