What is the Tung Gold Silver Exchange?
The Tung Gold Silver Exchange (TGSE) is a trading platform that facilitates the buying and selling of precious metals, primarily gold and silver. Established to serve as a secure and transparent marketplace, the exchange enables both institutional and individual investors to trade physical bullion, futures contracts, and other precious metal-based financial instruments.
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The main goal of the Tung Gold Silver Exchange is to standardize and streamline the trading of precious metals. It aims to eliminate inefficiencies in traditional gold and silver markets by offering:
- Real-time price discovery
- Transparent transactions
- Secure storage and delivery options
- Regulatory compliance
TGSE positions itself as a reliable and accessible exchange that bridges the gap between physical metal markets and modern financial trading platforms.
Key Features
- Spot and Futures Trading
TGSE offers both spot trading for immediate settlement and futures contracts for traders who want to hedge or speculate on future prices of gold and silver. - Physical Delivery
One of the distinguishing features is the option for physical delivery of precious metals. This appeals to investors who prefer tangible assets over paper claims. - Vaulting and Storage Services
Secure vaulting facilities, often audited and insured, are provided for those who purchase physical bullion but wish to store it rather than take delivery. - Digital Integration
The platform typically includes real-time trading interfaces, mobile access, and blockchain-backed ledgers to ensure transaction transparency and minimize fraud. - Compliance and Oversight
Operating under regional and international financial regulations, TGSE ensures that trading activities comply with anti-money laundering (AML) and know-your-customer (KYC) standards.
Exchanges like TGSE play a critical role in the global economy. They provide liquidity, improve price discovery, and enable risk management in the gold and silver markets. By standardizing contracts and improving access, TGSE helps democratize investment in precious metals, which were traditionally limited to large institutions and wealthy individuals.
The Tung Gold Silver Exchange represents a modern evolution in the trading of precious metals. Through a combination of technology, transparency, and physical delivery options, TGSE offers a comprehensive platform that meets the needs of today’s investors. As global interest in gold and silver continues to grow, driven by inflation fears, currency instability, and safe-haven demand, TGSE is well-positioned to be a key player in the future of commodity trading.
Who are the People Behind Tung Gold Silver Exchange?
Ownership & Origins
- Founder/Owner “Tung”
While there’s no publicly listed full name, the business is locally known simply as “Tung.” Based at 650 S Hill St, Downtown LA (opened in 2016, after a longer presence in Orange County), it appears to be a small, owner-operated gold and silver dealer. - Background & Locations
TGSE began in Westminster, Orange County, and expanded to Los Angeles in 2016. The owner claims a decade-long experience in buying, selling, and trading precious metals.
In-person Service & Reputation
- Personalized Experience
Reviews frequently mention being helped directly by Tung in a private room, suggesting a hands‑on, owner-at-their-desk vibe. - High Trust and Transparency
Customers praise Tung as offering better rates—sometimes 25% higher than competitors and treating clients honestly, quickly, and without the usual hard-sell tactics
Business Ethos
- Market-Agile Strategy
Tung’s strategy has been to expand during market downturns, focusing on buying/selling regardless of fluctuations, rather than pausing operations. - Direct Dealer Approach
They specialize in small-scale, direct portable interactions, cash for gold, silver, and platinum with walk-in customers.
Tung Gold Silver Exchange appears to be a trusted local dealer run personally by “Tung,” likely the owner-operator who brings over a decade of experience in the precious metals business, a reputation for fair pricing, and a personalized service model.
While there’s no readily available biographical info like full name or credentials, Tung’s hands-on presence and stellar customer reviews position TGSE as a reliable choice for gold and silver transactions in the LA area.
Does Tung Gold Silver Exchange Offer IRA Services?
Tung Gold Silver Exchange (TGSE), a well-known local bullion dealer based in Los Angeles, does not currently offer IRA (Individual Retirement Account) services. While the business has built a strong reputation for buying, selling, and trading physical gold, silver, and platinum, there is no indication from its public listings, reviews, or marketing that it facilitates retirement-oriented investment options such as Precious Metals IRAs.
Customers who visit TGSE typically engage in straightforward, in-person spot transactions, either purchasing precious metals or selling items like jewelry and bullion for cash. This retail-oriented model stands in contrast to the more complex infrastructure required for IRA services.
A Precious Metals IRA involves more than simply buying gold or silver; it requires an IRS-approved self-directed IRA account, a partnership with a certified custodian, and secure storage in an IRS-approved depository.
Dealers that offer such services often assist investors with setting up accounts, selecting eligible metals, and coordinating logistics with custodians and storage facilities. TGSE does not advertise or appear to support any of these features, nor does it mention affiliations with custodians or depositories, key components of a compliant IRA setup.
For those looking to include physical gold or silver in their retirement portfolios, it would be necessary to work with a specialized IRA provider. Companies like Orion Metal Exchange, Goldco, or Augusta Precious Metals provide end-to-end services for Precious Metals IRAs, including account setup, regulatory compliance, and secure vaulting. These providers are typically transparent about the process and offer guidance to help investors navigate the tax rules and investment requirements associated with retirement accounts.
In summary, while Tung Gold Silver Exchange is a trusted source for physical bullion transactions, it does not offer IRA services. Investors interested in holding precious metals within a retirement account should seek out a qualified Precious Metals IRA provider that can meet all the regulatory and logistical requirements.
What Products Can You Purchase at Tung Gold Silver Exchange?
Tung Gold Silver Exchange (TGSE), located at 650 S Hill St, Suite 622 in Downtown Los Angeles, is a specialized precious metals dealer offering a wide range of products in gold, silver, and platinum. Their inventory caters primarily to individuals seeking physical bullion or scrap metal transactions.
Among the most commonly available items are bullion bars and government-minted coins. Reviews and local listings highlight popular products like 1‑oz Credit Suisse gold bars and Maple Leaf silver and gold coins, indicating that TGSE carries well-known, globally recognized bullion brands . Customers report taking in scrap jewelry or bullion and receiving spot quotes before buying or selling.
TGSE doesn’t limit its offerings to only gold and silver; they also handle platinum, as noted in their specialties . They buy, sell, and trade across these three key precious metals, making them a go-to for walk-in customers looking for transparent spot deals. Whether you’re seeking fractional-bar sizes or full-ounce bullion coins, TGSE provides real-time pricing and cash transactions in a private, one-on-one setting.
Unlike numismatic dealers that focus on rare coins or collectible items, TGSE concentrates on straightforward precious metal bullion and scrap. Their products include standard weight bars and coins suitable for investors and individuals alike.
Tung Gold Silver Exchange, you can purchase or sell:
- Gold bullion bars (e.g., Credit Suisse)
- Gold coins (e.g., Canadian Maple Leaf)
- Silver bullion bars
- Silver coins (e.g., Maple Leaf silver coin)
- Platinum bullion and coins
- Scrap gold/silver/platinum for melt and cash offers.
The focus is on transparent, in-person spot pricing for tangible precious metals, not collectible numismatics or jewelry services like appraisal or retail sale.
Tung Gold Silver Exchange Fees and Pricing:
Tung Gold Silver Exchange (TGSE) operates as a walk-in precious metals dealer and typically does not charge fixed fees or commissions like full-service retail or numismatic brokers. Instead, their pricing model is based on spot market rates plus a transparent markup or spread, tailored to each transaction and metal type.
Spot-Based Pricing (No Commissions)
TGSE quotes prices based directly on current spot rates for gold, silver, and platinum, adjusted with a modest markup to cover operating costs and ensure profit. Customers report receiving over 25% more for selling scrap or bullion compared to competing dealers, indicating TGSE offers fairer spreads, especially on smaller lots.
Transparent Transactions
Buying or selling involves getting a live spot quote, weighing your metal in front of you, and completing the deal at the quoted price. Reviews frequently highlight TGSE’s lack of surprise fees or pressure tactics, “no BS” creating trust and a straightforward experience.
Buy-Sell Differentials
Tung Gold Silver Exchange operates on bid–ask spreads like any dealer. This means the purchase price when selling to them is slightly below spot, and the sale price when buying from them is slightly above spot. However, customers routinely praise their competitive spreads, noting they pay significantly more than other local shops.
No Hidden Fees or Storage Charges
TGSE focuses solely on in-person, spot transactions and does not offer vaulting, storage, account services, or IRA programs. As such, you won’t encounter monthly storage fees, IRA setup costs, custodial charges, or hidden service fees, just the metal’s price plus their simple markup.
Are There Any Tung Gold Silver Exchange Lawsuits?
There are no records or evidence indicating that Tung Gold Silver Exchange (TGSE), the local bullion dealer in Downtown Los Angeles, has ever faced lawsuits or legal actions. A thorough search of public databases, news archives, and legal filings reveals no civil complaints, regulatory enforcement, or consumer class-action lawsuits associated with the name “Tung Gold Silver Exchange” or its proprietor “Tung.”
That said, the broader precious metals industry—especially in California—does have a history of litigation involving dealers accused of deceptive practices. Notable cases include:
- A massive 2020 civil enforcement action by the U.S. Commodity Futures Trading Commission (CFTC) and 30 states against Los Angeles-based dealers (including Metals.com, Barrick Capital, and their principals), who allegedly sold gold and silver at 100–300% above market price to elderly investors, defrauding them of approximately $185 million.
- Santa Monica’s repeated lawsuits against coin dealers like Merit Gold & Silver for bait-and-switch tactics and failure to disclose markups, resulting in multi-million dollar judgments.
- A 2023 settlement with True Bullion (also known as Gold Silver International Exchange), where California joined a multi-state action requiring refunds and penalties for failing to disclose spread markups.
These examples illustrate the types of legal risks within the industry, notably deceptive pricing and misrepresentation. However, no such allegations, investigations, or legal filings involve Tung Gold Silver Exchange specifically.
Tung Gold Silver Exchange appears to have a clean legal record, with no lawsuits or formal complaints. This sets it apart from some other regional precious metals dealers that have faced significant legal challenges. For peace of mind, you can always request evidence of compliance or licensing directly from TGSE, but as it stands, there’s no indication of any legal trouble.
Can You Trust Tung Gold Silver Exchange? Is Tung Gold Silver Exchange Legit?
Yes, you can trust Tung Gold Silver Exchange. It is a legitimate and highly rated local precious metals dealer operating out of Downtown Los Angeles. With a consistent 5-star rating on platforms like Yelp and MapQuest, the business has earned a strong reputation for honesty, transparency, and fair pricing.
Customers frequently highlight the straightforward experience, noting that the owner offers competitive rates, often over 25% higher than other nearby gold buyers. Many first-time sellers describe being treated with respect and receiving clear explanations about how their metals were weighed and valued, which contributes to a sense of trust and professionalism.
There are no public records of any lawsuits, consumer complaints, or regulatory issues associated with Tung Gold Silver Exchange. Unlike some gold dealers in California that have faced legal challenges for deceptive practices, TGSE maintains a clean reputation and is not linked to any negative press or enforcement actions. This further supports its credibility as a trustworthy place to buy or sell gold, silver, and platinum.
The business operates on a walk-in model with personalized service. Transactions are typically conducted in private rooms, where customers are shown the live spot price, and their items are weighed and appraised on the spot.
This transparency, combined with straightforward cash payments and no hidden fees, contributes to TGSE’s trustworthy image. The owner, known locally as “Tung,” is hands-on with clients, and the company focuses solely on bullion and scrap metal trades, not collectibles or IRA accounts, keeping the business simple and focused.
In summary, Tung Gold Silver Exchange is a legitimate and trustworthy business. Its high ratings, customer satisfaction, and absence of legal trouble make it a reliable option for anyone looking to buy or sell precious metals in Los Angeles. While it’s always wise to compare prices with other dealers, TGSE’s reputation suggests you’re likely to receive a fair and honest deal.
Tung Gold Silver Exchange Review Summary:
Tung Gold Silver Exchange, located in Downtown Los Angeles, is a highly regarded local precious metals dealer specializing in the buying and selling of gold, silver, and platinum. With consistently high ratings across platforms like Yelp, MapQuest, and Yahoo Local, the business stands out for its transparency, fair pricing, and customer-focused service. Whether you’re selling old jewelry or purchasing bullion, the experience is often described as quick, honest, and pressure-free.
Customers regularly mention that TGSE offers significantly better rates—sometimes over 25% higher—than nearby competitors. Transactions take place in private settings, and customers appreciate that everything is done openly: items are weighed and appraised in front of them, and spot pricing is clearly explained. There are no hidden fees or surprise deductions, which makes the process straightforward and trustworthy. The business operates on a walk-in basis and does not offer online sales or IRA services, focusing instead on simple, in-person spot trades.
TGSE is owner-operated, and the individual behind the business, known locally as “Tung,” is frequently praised for his professionalism and integrity. Importantly, there are no known lawsuits or consumer complaints against the business, which further reinforces its strong reputation in the local precious metals market.
In summary, Tung Gold Silver Exchange earns high marks for customer satisfaction, honest pricing, and a hassle-free transaction process. It’s a great choice for anyone in the Los Angeles area looking to buy or sell precious metals in a secure and respectful environment.
