Apmex Buying Over Spot "Incredible Demand"

Yes 007, but how often do you see these major coin dealers offer that much over spot price? Plus, I like taking the position of the conspiracy theorist, it's my thing, lol. Plus, none of us want to fall behind the , just in case they are up to something. I have been waiting for a good chance to use that 8 ball, lol....

I checked around at a couple of other dealers, and they are all out of ASE coins. Provident, had one option to buy, but it was listed as...."Does not ship until May 27th", which tells me that is when the next big order is coming in....

Not necessarily. Some of us have no problem owning both physical silver and a silver ETF. I like the physical for the obvious reasons but the ETF is good too, for different reasons. I like the fact that I can move money into and out of the ETF with a few mouse clicks and that I can invest some of my Roth IRA money in it. Since I have had my Roth IRA since 1998 and am over age 59.5, every bit of those juicy profits are mine and not the government's.

Ed, I work a BNI group every Tues morning, via small bus finding bus for each other via referrals....

Anyhow, the leader of the group is an investment advisor, and we were talking about coins and such, as he has many gold and silver coins as well, and I mentioned how many on this board such as yourself, use pm's as leverage for their paper investments and a bit of diversity, and he said he advises his clients to do the exact same thing. Anyhow, funny you mention the Roth IRA, as he told me I should put 25 bucks a month in a ROTH IRA from now on, as well as the silver an gold hoarding....

Oh, and he pointed out the ROTH is TAX FREE, and the cd's for example, ARE NOT, hence your devil angle eh....

Crazier yet would be to get them to refund your shipping charge on any silver you sell back to them before they even ship the order to you!

Very interesting about the ETF silver investing Ed. I think I signed up for something very similar, as they offered a free 1 oz of silver for new sign ups. BullionVault.com is what the place is called, and the bullion is in my account, as it lost like four bucks from 54 to 50, lol....

There is a way to connect with your account and a place to deposit money for more investment. I have not put any in of course, as I want to learn much more about it in the mean time. But hey, since I have 59 oz of physical silver and that 1 oz in that account, I can say I am in the 60 oz club now, lol....

I know the fact that with the inflation rate we are not even close to the "all-time high" of silver, but this really seems like some big buyers are in this. And that makes me think of what happened when it hit $50 an ounce way back when. I was barely born around that time, but I've learned what I can about this, and there are some almost scary similarities to that time period. If the pace keeps up, governments won't be able to produce bullion, and the American Dollar will implode. And if those are the options, then I would rather see the price of silver calm down, no matter ho much silver I may own or how much money it could make...I'm definately not rich or wealthy, but that scares me...

I got the same email from APMEX and was getting ready to list quite a few ASE's (about 300 or so) and 90% silver coins (about 40 Walking Liberty halves) on ebay and as soon as I saw the email I figured I would just hold off for awhile to see what it does in the next few months

There is definitely a caveat in the ETF realm and that is there are many ways in which an ETF can be structured, which is to say how it operates and what the buyers of its shares can do with them. All silver ETFs are definitely not equal in this regard. Some allow shareholders to swap their paper shares for physical silver and some do not. Others allow LARGE shareholders to redeem their shares for physical silver but not small ones. Others yet use derivatives and futures contracts or they may borrow and lend bullion to other institutions for various purposes. Another variation is that some bullion is held in individual client's names and some is owned by all of the shareholders as a group.

The bottom line is this. If you want to buy an ETF, especially a PM ETF, get a copy of their prospectus and read it cover to cover very carefully. That is the only way to know exactly how they operate and whether or not you want to place your money in their hands.