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 Replies: 25 / Views: 4,046 |
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Valued Member
United States
234 Posts |
APMEX is a rip off on insurance and shipping
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Pillar of the Community
United States
1554 Posts |
The fact of the matter is there is a shortage of physical silver available. Dealers are having to pay more for it. People/collectors are not selling to dealers in hopes of higher prices, hence, higher premiums now if you want to buy. If there was a lot of physical silver on the market dealers would be falling all over each other to sell for the cheapest over spot....
Edited by 1893S
07/04/2015 3:46 pm
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Pillar of the Community
Canada
3692 Posts |
A shortage of silver.... uh, what planet is this?
"collectors/people are holding on to there stashes in hopes of higher prices"
I buy this explanation as it is perfectly reasonable, but I don't buy that collectors have ALL the silver. As long as gold alloys get refined there will always be traces of silver floating around. Maybe the supply chain is just "stuck" with regular people holding and regular dealers are not buying their stashes from refiners and relying only on the public. Honestly I wouldn't sell my silver either, it's too cheap.
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Pillar of the Community
United States
1554 Posts |
I should have said A shortage of silver bullion coins, it's just not readily available at close to spot price. As I said above if there was a lot of physical silver bullion coins or silver coins on the market dealers would be falling all over each other to sell for the cheapest over spot. We are talking about the rising premiums on PM's not the availability of silver on planet earth. And yes, collectors have a good majority of the physical silver/PM's, that's who buys and hoards it.
Edited by 1893S
07/04/2015 6:52 pm
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Pillar of the Community
 United States
5838 Posts |
Dealers are paying much less then spot, they are only raising premium to pay for the overhead, no shorting of silver, but perhaps shortage of 90% junk silver in the future.
If these were to melt down for other coins or items, every time it does happen when PM goes up...
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Valued Member
United States
85 Posts |
Quote:
APMEX is a rip off on insurance and shipping Spend $100 and it's free... |
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Valued Member
United States
493 Posts |
To simple really. Price comes down, buyers (deep pockets) come out of the woodwork, raise premiums .. sell more, make more. Any way you look at it, greed wins out.
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Valued Member
United States
61 Posts |
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APMEX is a rip off on insurance and shipping They're one of the best I've come across. Same $100 minimum and the fastest shipping and best packing around. I usually receive my items in 2 days |
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Pillar of the Community
United States
5838 Posts |
APMEX just raise the silver premium lots to $5.99 per ounce. Outrageous!
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Valued Member
United States
61 Posts |
Quote:
APMEX just raise the silver premium lots to $5.99 per ounce. Outrageous! On what? I still see many items around $1-$1.50 over |
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Pillar of the Community
United States
5838 Posts |
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Pillar of the Community
United States
3789 Posts |
Not to mention is always overpriced. Rwanda African Buffalo coin, about 10% more roughly than the average auction price on ebay and at that with silver falling. give me a break... I really feel bad for anyone who bought as price dropped. My data shows that its best to buy when the silver and gold markets are range bound, as no one is really interested in buying and therefore the dealers dont mark up as much. Some of the biggest offenders of jacking up prices on down days are AMPEX and MCM. I say this based on my records of market prices versus their daily changes in price in a wide range of bullion coins. |
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Valued Member
United States
61 Posts |
I see. I have never been interested in junk silver, so I never think about it.... It does make me have differing thoughts than a lot of the people on this forum though  |
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Pillar of the Community
United States
4333 Posts |
404 error.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
6478 Posts |
i actually bought the PMs I bought for cheaper than if I bought it when it dipped. I payed a day before it dipped.
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Replies: 25 / Views: 4,046 |
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Posted 07/04/2015 3:40 pm
