NAICS Code 423940-38 - Exporters-Precious Metals (Wholesale)

Marketing Level - NAICS 8-Digit

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Company Websites: 5
Phone Numbers: 8
Business Addresses: 8
Companies with Email: 5
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NAICS CODE 423940-38
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NAICS Code 423940-38 Description (8-Digit)

Exporters-Precious Metals (Wholesale) is a subdivision of the Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers industry that involves the wholesale distribution of precious metals such as gold, silver, platinum, and palladium to international markets. Companies in this industry purchase precious metals from mines, refineries, and other sources, and then package and ship them to customers around the world. The industry is highly regulated due to the value of the products being traded and the potential for fraud and money laundering.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423940 page

Tools

Tools commonly used in the Exporters-Precious Metals (Wholesale) industry for day-to-day tasks and operations.

  • X-ray fluorescence (XRF) analyzers
  • Spectrometers
  • Refining equipment
  • Melting furnaces
  • Assay kits
  • Weighing scales
  • Packaging materials (e.g. tamper-evident bags, security seals)
  • Shipping containers (e.g. armored trucks, secure air cargo containers)
  • Security systems (e.g. surveillance cameras, alarms)
  • Export documentation software

Industry Examples of Exporters-Precious Metals (Wholesale)

Common products and services typical of NAICS Code 423940-38, illustrating the main business activities and contributions to the market.

  • Gold bullion exporters
  • Silver bullion exporters
  • Platinum bullion exporters
  • Palladium bullion exporters
  • Precious metal scrap exporters
  • Precious metal coin exporters
  • Precious metal jewelry exporters
  • Precious metal bar exporters
  • Precious metal powder exporters
  • Precious metal wire exporters

History

A concise historical narrative of NAICS Code 423940-38 covering global milestones and recent developments within the United States.

  • The "Exporters-Precious Metals (Wholesale)" industry has a long and rich history dating back to ancient times. Precious metals such as gold and silver have been used as currency and traded for thousands of years. The first recorded gold exchange was in Egypt around 2,000 BC. In the United States, the California Gold Rush in the mid-1800s led to a significant increase in the demand for precious metals. The industry has continued to grow and evolve, with advancements in technology and transportation making it easier to trade precious metals on a global scale. In recent years, the industry has faced challenges such as fluctuating prices and increased competition, but it remains an important part of the global economy.