Johnson Matthey is known for its high-quality precious metals — a name investors have learned to trust. Many people buying gold and silver look for the JM stamp on their coveted bars as a sign of quality and legitimacy. But, recent news relayed to Bernank might be having bullion collectors eyeing their JMs a little more closely.
A source has told Bernank that Sunshine Mint has teamed up with Johnson Matthey to produce a line of silver bullion products. Johnson Matthey is apparently supplying the silver, and Sunshine Mint is in charge of operating the presses.
This realization is qualified by the Provident website for the new 1 oz silver JM Bar:
“Provident Metals is pleased to carry mint fresh Johnson Matthey 1-Ounce Silver Bars. These BRAND NEW Johnson Matthey Bars come to you sealed in plastic and have been newly-manufactured, licensed and released by a third party company, the Sunshine Mint. Purchasing one of these Johnson Matthey Silver Bars proves a savvy investment decision, diversifying your portfolio without breaking the bank.”
What do you think about this? Are the new Sunshine minted Johnson Matthey bars truly Johnson Matthey? Or has the brand been tarnished via the press outsourcing to Sunshine?