PRECIOUS METALS DISTRIBUTION WEBSITE

• US 20110251927A1
• Filed: 07/20/2010
• Published: 10/13/2011
• Est. Priority Date: 04/13/2010
• Status: Abandoned Application

• Current Assignee: Richard E. Gless II
• Original Assignee: Richard E. Gless II
• Inventors: Gless, Richard E. II
• Application Number:
  US12/839,539
• Publication Number:
  US 20110251927A1
• Time in Patent Office: Days
• US Class Current: 705/27.1
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A distribution channel of precious metals utilizes an investment agent and/or insurance agent model. A method for purchasing and selling precious metals may be a web-based trading model that may allow individuals to conveniently trade precious metals. A monthly accumulation plan may allow clients to develop a portfolio in precious metals.

Claims

1. A precious metals distribution system comprising:

an electronic data portal allowing an independent contractor to sign in;

a purchasing module adapted to receive a purchase order from the independent contractor to purchase precious metals; and

a selling module adapted to receive a sales order from the independent contractor to sell precious metals, wherein

the electronic data portal receives the purchase order or sales order from the independent contractor and forwards the order to a website owner.

2. The system of claim 1, further comprising a commission module allowing the independent contractor to either use a built-in commission or to add a desired commission to the purchase order or the sales order.

3. The system of claim 1, wherein the independent contractor is an insurance agent or an investment advisor.

4. The system of claim 1, wherein the electronic data portal is an internet website.

5. An on-line web portal for buying and selling precious metals, the web portal comprising:

a sign-in screen permitting a trusted agent or trusted advisor to sign into the web portal;

a purchasing module adapted to receive a purchase order from the signed-in trusted agent or trusted advisor to purchase precious metals;

a selling module adapted to receive a sales order from the signed-in trusted agent or trusted advisor to sell precious metals, wherein

the web portal receives the purchase order or sales order from the independent contractor and forwards the order to a website owner.

6. The web portal of claim 5, further comprising a commission module allowing the signed-in trusted agent or trusted advisor to either use a built-in commission or to add a desired commission to the purchase order or the sales order.

7. A method for buying or selling precious metals, the method comprising:

receiving a purchase order or a sales order from a client;

signing into an electronic data portal;

selecting items for purchase or items for sale;

generating a purchase request or a sales request from the items selected; and

sending the purchase request or sales request to an owner, or delegate thereof, of the electronic data portal.

8. The method of claim 7, further comprising adding a commission to either the purchase request or the sales request, wherein the commission is a predetermined commission or the commission is a manually entered amount.

9. The method of claim 7, further comprising delivering the precious metals to the client after receiving the purchase request and funds appropriate for the purchase request.

10. The method of claim 7, further comprising collecting a pre-determined monthly amount from the client for purchasing precious metals.