Amazing! This domain name was sold for over 8.5 million dollars!

Recently, there is news that a foreign precious metal listed company A-Mark Precious Metals, Inc. acquired the domain name Gold.com in March, at that time, due to the confidentiality agreement, and did not announce the specific transaction price, recently learned that the transaction amounted to as much as 8,515,000 U.S. dollars in the price of the transaction (about 61.5 million yuan).

With this acquisition, JMB now owns both gold.com and silver.com, two of the most recognizable domain names in the precious metals industry.

A-Mark Precious Metals, Inc. is a publicly traded company headquartered in El Segundo, California. Founded in 1965, A-Mark Precious Metals, Inc. is a leading comprehensive precious metals platform offering a range of gold, silver, platinum, palladium, copper bullion, coins and related products.

Below is a portion of the initial press release:

The domain name gold.com was registered in August 1994, 30 years ago, and means "gold, gold coin, gold" in English, representing gold and wealth, which is loved by people all over the world. Because of its inherent financial attributes, the domain name gold.com is naturally compatible with the financial, jewelry and luxury jewelry industries, and has a high commercial value.

Currently, a visit to gold.com is redirected to the jmbullion.com website. giving visitors seamless access to the company's extensive range of products and services.

Word domain names have always been popular in the Internet, and recently, we have witnessed several high-priced word .com domains that have been sold. Two of these word domains, Chat.com and University.com, which were sold in the year 2023, closed for a staggering $15.5 million and $10 million respectively. This shows that short and commonly used word domain names are very valuable to use and invest in.

News source: Twitter @George Kirikos