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Gold and Silver Rounds/Bullion
9 Months Ended
Sep. 30, 2021
Gold and Silver Rounds/Bullion  
Gold and Silver Rounds/Bullion

5. Gold and Silver Rounds/Bullion

The Company sponsored a dividend exchange program under which shareholders could exchange their cash dividends for minted gold and silver rounds. The Company determined to discontinue its dividend exchange program effective Q3 2021 due to its administration costs and limited shareholder participation.

At September 30, 2021 and December 31, 2020, the Company’s holdings and value of rounds/bullion, using quoted market prices, consisted of the following:

As of September 30, 2021

As of December 31, 2020

(Unaudited)

Ounces

Per Ounce

Amount

Ounces

Per Ounce

Amount

(in thousands)

(in thousands)

Gold

176

$

1,743

$

307

189

$

1,888

$

357

Silver

11,715

$

21.53

252

11,842

$

26.49

314

Total holdings

$

559

$

671