Los Angeles, California, is home to a thriving precious metals industry, housing a variety of businesses from established corporations to newer start-ups. These companies participate in multiple aspects of the industry, including mining, manufacturing, financial services, and trading platforms. This article takes you on a tour of some flagship companies located right in the heart of Los Angeles specializing in the precious metals space, providing a snapshot of their history, operations, and contributions to the industry.
The precious metals industry plays an essential role in the global economy, offering valuable financial, retail, and industrial applications. Gold, silver, platinum, and palladium – all are precious metals with unique properties, making them integral to various industries like technology, jewelry, automotive, and more. They are also deemed as safe-haven investments, especially during tough economic times. Not to mention, gold and silver also have a profound cultural and historical significance across nations.
According to the World Gold Council, the United States is the third largest producer of gold, with California being one of the significant contributors. The precious metals industry in Los Angeles is rich and diverse, housing businesses that deal with ace mining technology, product design, angel investment, and even leveraging the blockchain for trading precious metals. Let’s delve into some of the key players in the sector:
Rosland Capital
Founded in 2008 by Marin Aleksov, Rosland Capital is a precious metals firm headquartered in Los Angeles. Rosland capitalizes on its years of experience and expertise to guide consumers on investments in precious metals and metal-backed IRAs. In the last decade, it has established a strong presence worldwide with offices in Europe and Asia.
Rosland’s commitment extends beyond business. It believes in giving back to society with an impressive record of philanthropic efforts. Additionally, the company places significant emphasis on keeping its consumers informed about the potential benefits of adding precious metals to their financial assets through its educational sites.
Reliance Steel & Aluminum Co
Tracing back to 1939, Reliance Steel & Aluminum Co is a Fortune 500 company based in Los Angeles dealing in mining technology, natural resources, and precious metals. Having witnessed the postwar metals industry boom in the United States, the company presently serves a broad range of industries across 39 states and twelve countries.
Over the years, Reliance has shown a propensity for growth and expansion, completing over 55 acquisitions. While its business prowess is known far and wide, Reliance also prides itself on its core values and efforts to give back to society.
American Hartford Gold
Operating in the consulting, finance, financial services, and precious metals industry, Los Angeles-based American Hartford Gold is a known name in the segment. The firm focuses on leveraging technology to provide a seamless, dependable trading platform for its clients.
Advantage Gold
Advantage Gold, founded by Adam Baratta and Kirill Zagalsky, is another competitive player in the finance, financial services, and precious metals industry. The company has its corporate headquarters in Los Angeles.
Goldline Inc
As a well-established direct retailer of precious metals, Los Angeles-based Goldline Inc offers an array of gold, silver, and platinum bars and coins, ably complemented by personalized service to the investor community.
Brookmount Explorations Inc
Brookmount Explorations Inc operates in the mineral, mining, and precious metals industry. The company is located in Los Angeles.
Bishop Gold Group
In the angel investment, hedge funds, and precious metals industry, Bishop Gold Group stands proud. The Los Angeles-based company is a significant player in this domain.
Elite Lighting
Situated in Los Angeles, Elite Lighting is involved in the chemical, mining, and precious metals industry.
Tinco Sheet Metal
Los Angeles-based Tinco Sheet Metal, founded by Luis Armendariz and Michael Nevarez, specialises in construction, industrial engineering, precious metals, and product design.
P. Kay Metal
P. Kay Metal, located in Los Angeles, continues to supply soldering materials for electronic assembly throughout the United States and beyond. The company deals in manufacturing, precious metals, recycling, and sales.
U.S. Bullion Reserve
U.S. Bullion Reserve operates in the cryptocurrency, financial services, and precious metals industry. The company is located in Los Angeles.
With each of these companies contributing to the precious metals industry, it is clear that the sector in Los Angeles is not just surviving but thriving. These firms are charting their own path, demonstrating resilience, innovation, and adaptability, ensuring the future of precious metals remains as bright as the metals themselves.
