• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Monex Silver American Eagles Pass $50/Ounce

Tyler Durden's picture

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Thu, 04/21/2011 - 15:39 | 1193626 Sudden Debt
Sudden Debt's picture

Man, I'm making monthly salaries on a daily basis these last 2 weeks!!!




today I made 2 months of salary :)



Thu, 04/21/2011 - 15:49 | 1193691 Azannoth
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Just make sure you dont hold paper when it all collapses

Thu, 04/21/2011 - 15:52 | 1193721 Sudden Debt
Sudden Debt's picture

All physical :)

not a single paper. Sold those months ago.



Thu, 04/21/2011 - 16:26 | 1193889 narapoiddyslexia
narapoiddyslexia's picture

I may be crazy, but over the last several weeks I've noticed a daily pattern to these climbs in the silver spot price as reflected in the charts at goldprice.org. Along about 9-9:30am EST the prices start acting upward till about 11:45am or so, then there is a break or disturbance through the lunch hour, then another climb to 4pm EST, when the climb stops. Am I seeing things? Or what? People see too many patterns when there are none, but today I predicted, to myself, the 4pm EST dropoff in Ag spot price. Are someone's wage slave's doing this?

Thu, 04/21/2011 - 16:42 | 1193980 Frank N. Beans
Frank N. Beans's picture

i was seeing the same pattern myself and was in fact waiting for that morning dip to buy a little more each day.  will continue to look for it.

Thu, 04/21/2011 - 16:50 | 1194004 Henry Chinaski
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If you are interested in PM trading patterns checkout turd's blog.  That's his thing.


Thu, 04/21/2011 - 16:46 | 1193988 Frank N. Beans
Frank N. Beans's picture

i was seeing the same pattern myself and was in fact waiting for that morning dip to buy a little more each day.  will continue to look for it.

Thu, 04/21/2011 - 16:51 | 1194019 Long-John-Silver
Long-John-Silver's picture

They no longer attempt to hide the manipulation. I must admit I play the paper game but only on a daily basis. I am prepared and can take the loss if it happens. I set my buy and sell limits and watch Blythe play her game. She's so easy and predictable. She takes the price down, the BTFD feeding frenzy starts and drives the price back up. My buy and sell limits are hit and I make money. More physical is taken off the market so the price increases. I take my earnings and convert it to physical bullion even when the price is higher. The next day I do it all over again. Wash-Rinse-Repeat. Some days I miss the low and miss the trade but that's OK. I'm running over 70% which is better odds than a casino gets.

Thu, 04/21/2011 - 17:26 | 1194166 Sudden Debt
Sudden Debt's picture








Thu, 04/21/2011 - 19:23 | 1194611 MarketTruth
MarketTruth's picture

Monex is a RIP-OFF!!!

Tyler you really need to use http://www.tulving.com/goldbull.html as they are only

>>>>> $2.49 over spot <<<<<

AND they pay for shipping too.

Thu, 04/21/2011 - 19:57 | 1194722 tmosley
tmosley's picture

That's great, but the minimum buy is beyond a lot of people's budgets.

Also, if you are a long time, fairly high dollar customer at APMEX, shipping is free.  I've made numerous small-medium purchases from them that are below the minimum order at Tulving, and got offered that.  It's pretty nice.

Thu, 04/21/2011 - 20:28 | 1194788 MarketTruth
MarketTruth's picture

Agree if you can't meet the 500 ounce minimum for silver (20 ounce minimum for gold) then Apmex is an alternative... though you will pay A LOT more for the product.


Tulving is $2.49 over spot for 500 or more Silver American Eagle coins

Apmex is $4.69 (!!!) over spot for qty of 499 or less, add 50 cents more for qty under 100 and you'll need to AGAIN add 50 cents more for qty below 20.

So that 'free' Apmex shipping is actually paid for by a VERY healthy margin far above spot and far above Tulving prices.

As for 500 oz 'sealed green monster box of 500:
Apmex is $26,250 and Tulving is $25,250.

Thu, 04/21/2011 - 22:53 | 1195135 MrBoompi
MrBoompi's picture

I've had no problem making up for the higher fees when buying from APMEX and I expect this will continue for some time. Buy away!

Fri, 04/22/2011 - 06:02 | 1195551 MarketTruth
MarketTruth's picture

Fully agree with you, either way silver is a buy. Am simply saying for anyone truly serious and buying in quantity then Tulving is the best resource i have found. Smaller investors can choose Apmex of course yet they will be paying more since they are investing less.

Fri, 04/22/2011 - 10:44 | 1196030 redpill
redpill's picture

APMEX didn't always have such a large premium, but I understand why they are padding in this insane market.

Thu, 04/21/2011 - 22:54 | 1195139 tmosley
tmosley's picture

I don't buy Eagles from them.  I prefer either junk silver or their random 1oz rounds.  If I'm feeling lucky, then I get their random bars.  Sometimes it's utter crap, but one time I got four highly valued numismatic bars (Coca-Cola Bars, and Donald Duck 45th anniversary bars).

The random stuff is about as cheap as you will find anywhere.

Mon, 04/25/2011 - 19:27 | 1205728 tomster0126
tomster0126's picture

where do you buy coins or your junk from?  I'm looking to get into melting some down myself and making a little shop in the back.



Thu, 04/21/2011 - 16:28 | 1193903 LeBalance
LeBalance's picture

Perspective: those in paper are loosing their fortunes, you are maintaining yours.  The concept that you are "making" boatloads of fiat is !!!!!!!!!!!!!!!!

Thu, 04/21/2011 - 21:07 | 1194894 Big Sky
Big Sky's picture

Fortunes in paper: eroding

Fortunes in gold: maintaining

Fortunes in silver: expanding

Mon, 04/25/2011 - 19:26 | 1205722 tomster0126
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You're awesome :)  way to go, what are your thoughts on what the prices will be like over summer?



Thu, 04/21/2011 - 16:15 | 1193838 Magnix
Magnix's picture

Sold all of my vintage US Notes into phycial gold/silver months ago too.

Thu, 04/21/2011 - 16:55 | 1194029 traderjoe
traderjoe's picture

Nicely put. A bit OT, but I was amused to see the only tag word for this article is "Latvia". That's funny. I think there is a tag word "Crap". I think there should be one "Banana Republic". 

Thu, 04/21/2011 - 16:23 | 1193886 T1000
T1000's picture

"But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against 'real' goods, no matter whether he needs them or not, no matter how much money he has to pay for them." 

"Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.


Thu, 04/21/2011 - 20:28 | 1194801 Youri Carma
Youri Carma's picture

10 Reasons Why You Should Sell Your Silver And Invest In The Zimbabwe Currency http://youtu.be/ass6bKxjl8A

Thu, 04/21/2011 - 15:54 | 1193713 narapoiddyslexia
narapoiddyslexia's picture

Are you realizing gains? Selling? Just curious....

Thu, 04/21/2011 - 15:58 | 1193749 Sudden Debt
Sudden Debt's picture

Even still buying :)

I've got 7 coin stores that still sell about 5 to 7 euro below spot. I want the clean them out in the comming months.

Just confirmed another order.

I'm already spending my summer bonus of which I have no clue how much it's going to be, It better be enough :)

Thu, 04/21/2011 - 16:07 | 1193791 MassDecep
MassDecep's picture

Please don't publish your address. I actually bought some PVC and end seals. Get to play Pirate shortly.

I bought 60 coins at $43.00 and felt good about it. Of course, no delivery as of yet. They seem to take their time when you are making out. Found that to be with AMEX. Bullion direct has been very good throughout the years.

Thu, 04/21/2011 - 16:43 | 1193973 cossack55
cossack55's picture

Remeber when you bury them it is wise to spoof about 8x/container.  Old tin cans, some iron and aluminum about 1' deep.  I spoof 12x.

Thu, 04/21/2011 - 23:47 | 1195229 geekgrrl
geekgrrl's picture

FWIW, if I'm digging a hole and find anything man-made one foot down, I'll keep digging. It's hard evidence that a hole was dug, and most likely not to bury trash. I think it would be better to plant a shallow root native plant in the hole. The most abundant plant in your locale is probably a good choice, since it will be ignored by everyone. Would make it easier to find again as well... :)

We actually had a neighbor that died a few years back, and legend has it that he buried a bunch of 5 gallon buckets full of cash around the area. So I've given this a bit of thought.  :-)

Thu, 04/21/2011 - 18:44 | 1194502 Absinthe Minded
Absinthe Minded's picture

I like Bullion Direct, I've been dealing with them since Feb. of 2009. I just purchased 10 ASE's at $33 ea in March and was gritting my teeth over that price. Now up $17 in a little over a month. Amazing.

Mon, 04/25/2011 - 19:28 | 1205734 tomster0126
tomster0126's picture

Bullion Direct is great, I've loved my transactions with them--signed up early 2010 and haven't looked back since.  Holding for at least another week, I'm not worried about my margins.



Thu, 04/21/2011 - 16:12 | 1193793 MassDecep
MassDecep's picture

Yeah, I thought I would be self Righteous when all this went down, But have since found to be disappointed that it is all coming to an end. Just need to prepare wisely and help others wake up.

Thu, 04/21/2011 - 19:16 | 1194609 Votewithabullet
Votewithabullet's picture

Your the only one coming to an end this MF gonna hum on along w/o you. You think those pussies in the super max in colo are going anywhere? Making their plans to bolt once the power goes out and the gates slide open...Never happen. Bernank will prob last longer than his predecessors. 

Thu, 04/21/2011 - 16:10 | 1193816 h4rdware
h4rdware's picture

The single other PM buyer that I know in this city managed to clean out one of this small nation's coin dealers of silver with one purchase. It appears that it's not a difficult thing to do :)

The amusing part - he's now being hassled continuously to sell his stash it back to them. They are still out.

Thu, 04/21/2011 - 16:24 | 1193880 Sudden Debt
Sudden Debt's picture

indeed, I only buy the below silver spots. For every store that's about 500 to 1500 euro.


Thu, 04/21/2011 - 16:15 | 1193830 dark pools of soros
dark pools of soros's picture

sell a couple ounces and get some good scotch..  calm down a little :~)



Thu, 04/21/2011 - 16:40 | 1193969 hambone
hambone's picture

Can we just call what we are watching "HYPERINFLATION".  The evacuation from fiat is well underway.

I think in retrospect it will be so obvious, like most things in history.

Thu, 04/21/2011 - 17:29 | 1194191 ggummm
ggummm's picture

i can't help it but remember that i heard your exact same words 11 - 12 years ago, a few days before the greek bubble burst. I hope it's different this time

Thu, 04/21/2011 - 19:37 | 1194657 TeMpTeK
TeMpTeK's picture

Carlos Slim is Buying Silver


Thu, 04/21/2011 - 19:58 | 1194737 Exposer of Inte...
Exposer of Internet Shills's picture

it's a years(s) salary for some

Mon, 04/25/2011 - 19:30 | 1205744 tomster0126
tomster0126's picture

and for some, they cant even save a month's salary away per year because of how much shit costs these days...the consumer economy is crashing, we're lucky we're posted up with our physical so swaggishly. 



Thu, 04/21/2011 - 21:14 | 1194907 Snidley Whipsnae
Snidley Whipsnae's picture

Tyler!... "No Commentary Necessary" ... Absolutely correct!

Let them eat cake! lol

Thu, 04/21/2011 - 15:39 | 1193633 Phillips Capital
Phillips Capital's picture


Thu, 04/21/2011 - 16:02 | 1193759 cossack55
cossack55's picture

Looks like ASEs are averaging about $ 55.00 on EBAY

Thu, 04/21/2011 - 16:21 | 1193859 T1000
T1000's picture

They're over $60 on amazon.com

Thu, 04/21/2011 - 19:22 | 1194621 Hearst
Hearst's picture

APMEX RAISED premiums again.  $4.19 over spot for random years..

Thu, 04/21/2011 - 16:20 | 1193869 RockyRacoon
RockyRacoon's picture

I see the U. S. Mint took down all the sets that were selling below spot!

When they are relisted they'll be well over.   I hope everyone got theirs.


Thu, 04/21/2011 - 17:19 | 1194148 Moe Howard
Moe Howard's picture

Thanks to you Mr. Racoon I have 10 in the ground and 10 coming in today. I would have never looked without your tip. Thank you sir.

Thank you Tyler for the Joe Biden level CAPTCHA.


<HELP> For explanation.

Thu, 04/21/2011 - 17:23 | 1194167 prole
prole's picture

Say Rocky... a friend of mine...  told me your tips and updates are greatly appreciated sir.

Thu, 04/21/2011 - 21:15 | 1194913 Snidley Whipsnae
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Monster Boxes Rocky!

Do NOT follow this link or you will be banned from the site!