Current Market Rates Per Ounce January 06, 2009 4:47:14 PM PST USD $  CAD $ Gold (AU): 859.90  1,018.90 Silver (AG): 11.38  13.48 Platinum (PT): 970.00  1,149.35 Palladium (PD): 195.00  231.06 USD-CAD Exchange Rate: 1.185 J&M Coin & Jewellery Ltd. 127 East Broadway Vancouver, BC, V5T 1W1, Canada Tel: (604) 876-7181 Toll Free Ordering: 1-888-244-9999 Fax: (604) 876-1518 e-Mail: jandm@jandm.com Web: www.jandm.com

A Letter to Our Clients By Joseph Iorio October 23, 2008 Dear valued clients; We have had a great number of customers wanting to know why there is a huge difference between the spot silver and the current selling prices. I will try to explain it to the best of my understanding. Historically J&M has always had a huge silver inventory and we were always able to buy and replace the inventory with no problems. We made a small mark-up profit and were able to supply the market needs. Shortages were first experienced in March of this year when silver reached highs not seen since 1980. Things were almost starting to return to normal with only slightly higher buy and sell prices. Prices started to plummet for no logical reason because demand far exceeded supply. As prices dropped further supply has become impossible. Our inventory is now at an all-time low and includes paper contracts that we have paid hundreds of thousands of dollars for in margin calls. We are currently trying to buy everything in silver. Coins, bars, scrap silver, anything. Delivery dates from suppliers have grown from immediate delivery to a one month minimum to as much as four months. We are still waiting for 100 oz. silver bars we were booked in July at U$17.50 per ounce. Everyone now wants front money. Everyone knows that the present low prices are well below where the prices should be. Everyone knows that when supply is short prices go up, not down. Everyone knows that everyone is looking to buy and no one to sell. Suppliers are also experiencing shortages us they cannot even accept orders for delayed deliveries. Suppliers are also charging higher premiums. We only make money on turn over. We do not make money on holding onto inventory. We regret any delayed deliveries. We regret that we need to pay higher prices and charge higher premiums. I wish we could buy more silver because we could sell it faster than we are presently buying it. We are turning down more sales that we are making because we simply cannot secure the silver inventory. We regret the current huge premiums which, six months ago, would have been considered price gouging. We are currently in unknown market conditions that have never before been experienced as a result of new, inexplicable circumstances. Please call and hopefully we will be in a position to supply some silver in coins or bars. Our position changes daily and we hate turning sales down. We are not holding bars, we are simply sold out. Selling prices on the screen are assuming that we have inventory. Please offer any silver at any price. Sincerely,    - Joseph Iorio, President JOSEPH IORIO is the president and owner of J&M Coin & Jewellery Ltd, now celebrating their 41st year in the business. You can contact him at jandm@jandm.com or visit the main company website at www.jandm.com. Home | Products and Prices | Buying | Selling | FAQ | Articles | Forms | Top Website © Copyright J&M Coin & Jewellery Ltd. 2008. All rights reserved. Pricing index programming and site hosting by Sandrix Technologies Ltd. (AXD)