Suspension of production at the PAMP refinery

IBIS InGold Editorial Office

23. 03. 2020

The PAMP refinery has today announced that its production has been suspended following a decision of the Ticino region government.

23rd March 2020, Prague - Today we were informed by our partner PAMP refinery that the government of the Ticino region where PAMP is located, has declared an emergency and has decided to close all non essential production fassilities within immediate effect.

The operations are closed until 29th March 2020, but this regulation is likely to be extended. This is due to the escalation of the COVID-19 viral disease. Above all, the protection of the health of workers and residents of the Ticino region, which is immediately adjacent to the most affected Italian region of Lombardy is most important.

Based on this refinery statement, we have decided to stop short-term acceptance of one-off investment metal orders. Negotiation of the new iiplan® savings contracts are still possible without restrictions. Only for these new contracts will we postpone the dispatch of mature ingots and coins for the period of the refinery production shutdown. The above measures shall enter into effect on 23rd March 2020.

 

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About IBIS InGold
 
IBIS InGold is a leading gold and silver trading broker. It has been active on the market for over 20 years. It is a European leader in savings plans investing in gold and silver. Simple and flexible savings plan, known as iiplan®, with contributions as low as EUR 4 per month is available to the public.

The company is directly linked to the Swiss PAMP refinery. This allows IBIS InGold to provide its customers with the best service during buying, as well as when selling off the purchased investment metals. Another advantage is the unique possibility of verifying the origins and authenticity of the investment gold using the VERISCAN™ technology.

The customers are guaranteed that they are the first owners of the purchased ingots and coins and they can rely on the company to repurchase the investment coins and ingots they are selling. The funds are transferred to the client‘s account within 48 hours of the confirmation of the binding purchase price. Together with the purchase price of the metal, clients can also enjoy repurchase bonuses.

With their savings, clients can also use a free deposit of their ingots and coins. IBIS InGold has been tested by more than 35,000 customers.