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Apmex Out Of Silver Eagles Until May 13
With the US Mint forced to cut down dramatically on its Silver American Eagle sales, for some reason various timid elements considered the drop in monthly sales as indicative of a wane in investor interest (record prices aside). Perhaps the following note from Ampex: one of the otherwise "deepest" silver vendors in the market, may restore some balance to the (supply/demand) force.
And yes, for the vision and/or reading impaired, it says Apmex is now out of American Eagle silver coins for about two and a half weeks. But don't worry: it takes only $5/ounce to dig up the metal from the ground.
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Low 40's ? I doubt it. Maybe 10-20% chance. Higher chance we'll never be in the low 40's again.
If you don't have any silver, go ahead buy an ounce. Get it from a local coin dealer and pay cash and avoid shipping, credit card or bank wire charges. Don't get hung up on the price in FRNs for one ounce. Hold it, fondle it and keep it safe. After, you can decide if silver is right for you.
Buying silver is at the far end of a journey to self reliance. Before hoarding silver, pay off debt, obtain a secure home and good neighbors, keep food, cash, and anything else you need to get through tough times. Don't put all of your eggs in one basket. The reason people buy physical silver at $50/oz is because they fear for the future, and unfortunately, there is good reason for it.
I think chances are you will see low 40's again before too long. If you are making larger purchases do your homework and shop around.
Investments provide dividends or growth and you can't fondle them. Silver just sits there, gleaming. Don't count on buying low and selling high; buy and hoard. Silver it not an investment, it is a hard, permanent commodity that has been used as money since the dawn of western civilization.
Agree completely. Just think I need more NOW despite volatility. Not wholly rationale. Que rowboat.
If you are sure about what to buy, but not so sure if the price is right, you should average in.
Average in means split your capital in same size amounts (like 5 piles of 20%), use the first pile to buy silver today. Then use the other piles to buy in one month intervals no matter what the price is then. After 4 months plus a few days you have invested the full amount. (If the overhead cost is too big, make less piles, but at least 3.)
By doing so you didn't get the best price (who does), but you didn't get the worst price for all either.
I think APMEX still has Russian silvers, beside you can find a lot from PandaAmerica.com. I personally got from ebay time to time.
SLV volume at highest since Nov 9.
http://seekingalpha.com/article/265205-silver-etf-eyes-record-volume-in-volatile-trading
Heavy distribution occurring in SLV the last week.
Looked at the chart from the Nov 9 period spot took almost a 20% haircut in 5 trading days. This time the haircut will be double around 40% so around 30 looks about right for the drop.
Junk me now or go back and look at the spot chart fucktards.
I junked you in order to aid your victim complex.
Glad I could help.
BTW, do you always call people names in advance to protect your sensitive nature, just in case someone might challenge you?
Apmex has plenty of ASE's for immediate delivery. 2007 monster box only 28k and many other
years also.
That's $56/oz, a HUGE premium.
http://www.golddealer.com/
Have never seen this company out of silver. My guess is that you can get almost all you want from them.
Buyers remorse, couldn't wait for Ivars. Monster box Maples@ Tulving just south of 25. Used to be less than 9. Cue rowboat.
You blokes whom binnis with apmex should search their electronik site to the mestizo coins and find the 100 pesos circa 1977-79. It will trade worldwide for it is properly stamped with purity .720 and silver weight 20 grams like it's grand master the scales and press 33.625ozt .925 silver patriarch of all one ounce silver rounds the........1949........
@49.95/ 2.49 premium. Don't let the Captcha get you down.
Silver is going to correct hard, again, unless something is different this time (you know, those paradigm shifts;]
I've been heavy into silver since 2003 and have experienced a cliff-dive after big gains (08)...a sickening feeling, especially when I had almost pulled the trigger to lock in my 4x gains at the time, but didn't. It took two years to recover from that hit.
Now, I decided gold was a better medium to weather a major correction...so I swapped.
We'll see what happens. This is the season.
I am not affiliated with the "Central States Numismatic Society" in any way. However, for those that wish to buy physical silver many coin dealers and shops will be in the Chicago area for this convention. Open to the public on 4/29 and 4/30.
Convention Details;
Donald Stephens Center,5555 N. River Rd, Rosemont, IL
As a newbie to zerohedge, I'm loving this site!
As it turns out, I'm not all alone in my thoughts about the debt and the currancy. Not hardly.
I was wondering where the informed guys were all hanging out.
Glad to have found you guys and I appreciate the great knowledge shared here.
The "wealth effect" is in full effect on the hedge. ;)
That dirty paper with the green ink. That's the blood paper of the kleptocracy. It's got their sins soaked into it. It's full of their germs and diseases. Central Banksters have some of the most highly evolved and symptomatic STDs known in the annals of human history - they live like pigs and are wholly immoral beasts.
Silver is antimicrobrial, and there's rumor that it's like Kryptonite to Central Banksters.
Email from Apmex looking for silver.Anyone wants to sell over spot here is your chance
APMEX Wants To Buy Your U.S. Mint Products!Dear Rodo,
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
We Want These Products:
We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity! We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity! We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!
Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.
Respectfully,
Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange
P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.
Email from Apmex looking for silver.Anyone wants to sell over spot here is your chance
APMEX Wants To Buy Your U.S. Mint Products!Dear Rodo,
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
We Want These Products:
We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity! We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity! We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!
Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.
Respectfully,
Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange
P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.
Interesting. Just got this in the mailbox:
Got that email too. Not too different from what tulving pays, and they've listed their buy prices on their website for while. I certainly don't blame them for trying to scrape up physical from their customers to meet demand.
Just received an email from APMEX offering to buy gold eagles for $38 over spot and silver eagles for $3 over. (12.7 gold silver premium ratio)
Nope.
I just send tham a reply asking them to stop wasting their time trying to get my silver and hurry up shipping the silver pandas I ordered a week ago.
Interesting...I just recieved the aforementioned email...
Interesting indeed..
received from apmex tonight..
APMEX Wants To Buy Your U.S. Mint Products!Dear ***
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
We Want These Products:
We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity! We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity! We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!
Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.
Respectfully,
Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange
P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.
Same here.
I find it interesting/concerning that they want to buy back the ATB sets for $1250 when they haven't shipped the one I bought for $975 yet... If I don't receive it I am going to s--- a brick.
Silver $44.83 Plus $ JPM pay to not take possession.
Physical Ag at least $49
Shit if these guys cant source Ag coins through production and have to go cap in hand to the public at spot + $3, just how much are their orders and at what price.
Seems to me they have buyers willing to pay market spot Plus $x premium (which is more than $3). Market could have been anything, could have been $50 today if it moved the other way. The buyer was thus willing to pay $53+
The fundamental reasons for hold PMs have not changed and if anything have become much stronger. We have gone a few years in which chaos is on the increase and the balloon much tighter and expanding.
Srsly, I'm still celebrating silver breaking $30 and then $40 even with a strengthening AUD, which if it takes a bit of a correction adds more cream on the top.
$50 $45 Ag meh a matter of time really. But anything over $20 has me laughing.
Bought a set of these back in February for my HK Chinese wife 4th lunar cycle as a rabbit -
http://www.perthmint.com.au/catalogue/2011-1oz-ag-pr-ci-lunar-rabbit-rec...