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 Replies: 20 / Views: 3,208 |
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Pillar of the Community
United States
3789 Posts |
Sooooo last night I received an article where ebay has a new deal announced where APMEX is going to work with ebay in retailing PMs.... wasnt too crazy about this and what I read. I hate to say this, and I hope ima DEAD WRONG... but I think this marks a top of some sort in PMs..... perhaps a time period where we are done seeing a rapid rise in PM prices, where perhaps they go lower and churn before going anywhere. Don't get me wrong.... regardless of where PM's go, I will continue to collect, period. But seems like, with the general public catching wind of PM's I really dislike that, in anything. What do my fellow collectors think? |
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Pillar of the Community
United States
919 Posts |
Before APMEX starting selling on ebay there were plenty of PM's and coins being offered. They are just another seller. I believe it will make it harder for the small guy to sell. I worry more when I see an increase in ads and news stories related to PM's. |
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Pillar of the Community
United States
2543 Posts |
They have been up on ebay for couple of months . It is basically just an extension of their website. Same prices, but at least lower shipping. Being on ebay doesn't change the fact that they tend to be expensive, no auctions just an ebay store. |
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Pillar of the Community
Canada
1723 Posts |
Quote:They have been up on ebay for couple of months . It is basically just an extension of their website. Same prices, but at least lower shipping. Being on ebay doesn't change the fact that they tend to be expensive, no auctions just an ebay store.  They have been there for a while now. And I think I have seen them auction as well....dont quote me on that one though. |
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Pillar of the Community
United States
1200 Posts |
Many ebay auctions end up at prices that are at or a bit over APMEX's "high retail" price level, so APMEX could end up being a viable seller for a lot of ebay buyers and ebay could end up being the source of significant new sales volume for APMEX. I think this is a hopefully mutually beneficial business arrangement, but I don't think it necessarily serves as market harbinger. As said above, APMEX is just another seller in a large preexisting field of ebay sellers. |
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Pillar of the Community
Japan
666 Posts |
if APMEX could offer paypal and reasonable international shipping it would get massive growth ... why to pay ebay fees is out of my understanding Edited by bekiz
12/22/2012 9:58 pm
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Forum Dad
 United States
24165 Posts |
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Pillar of the Community
United States
1200 Posts |
@bobby1313---Right now, 2013 ASE prices are: APMEX----1-19=$34.49; 20-99=$33.99; 100-499=$33.49; 500-999=$32.99; and >1000=$32.69. APMEX(2012)onEbay=$35.52. Goldmart(any #)=$32.60.In view of prices like this (and especially in consideration of energetic defenses of APMEX's "quantity discount prices" I've seen in previous CCF posts), I'm honestly not sure what to think--- beyond that thought about APMEX prices being a bit lower than a lot of the "winning" (LOVE that term!) prices I've seen on ebay auctions. I do have to admit, though, that shipping charges of $5 for the 1st coin and 25 cents for each addt'l coin are a pleasant change from APMEX's ordinarily homicidal shipping charge schedule (still nasty, but at least a step in the right direction)... I know a certain number of good deals slide through ebay, but it looks like there's also plenty of room for APMEX level prices, too... Edited by Fat Freddy
12/22/2012 10:48 pm
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Pillar of the Community
United States
3670 Posts |
APMEX sells boring easy to find bullion, where as individual sellers seek out rare long out of stock items often and ship WAY faster and have a stronger FEEDBACK reputation. Better communication.... I suggest to all to buy from the small business owners on ebay and all around you verses the big corp money hungry figure heads worried about only getting fatter.... Now as Bobby pointed out that does not mean they are short on business as MANY new buyers always coming into the game who are WAY more apprehensive about buying, via worried about fakes, worried about buying dead end high premium silver which may turn out to be a fad from lack of knowledge and being new to the game, etc. So they choose the "safe buy route" and know they are getting decent price and REAL silver from a place like APMEX.... I honestly see decent deals on certain items they sell, but never pull the trigger mainly due to their slow processing due to bulk orders I hear from stories here and many negs and neutrals are just too big a red flag. I know I am protected but time is money and red tape tie ups slow me down.... I move fast and slow shipping simply cost me time and money. Many times I have an item in my house for ONLY 24 hours before it sells and moves on....
Edited by Silverhawk74
12/23/2012 12:22 am
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Bedrock of the Community
United States
10982 Posts |
Quote:
I hate to say this, and I hope ima DEAD WRONG... but I think this marks a top of some sort in PMs..... You are not dead wrong. In fact, you are 100% correct. We have indeed reached a top. We have reached a top many times before and will reach much higher tops in the future. Silver has traded between $27 and $35 for 15 straight months. No big breakout and no big collapse. APMEX needed to expand their horizon to grow market share. |
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Pillar of the Community
 United States
3789 Posts |
Guys, thanks for the feed back everyone's comments are interesting. I'll find that news piece later and share with you, but when I read it, I got the impression that ebay wanted to capture more sales by having APMEX as their primary dealer to so speak. Now, I said "a top of some sort" and I think, really I do, that its a short term top that matches well with the price action of silver as of late, I believe one of you mentioned about its price action in the past year or so.... and I think that's one thing I been watching, that we really aren't going anywhere for now with silver, just a whole lot of churning, which I think again, is a good thing considering where we have come from.. and the same with gold. |
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Pillar of the Community
Canada
1502 Posts |
The more people buying the better. I don't see what's wrong.
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Bedrock of the Community
United States
36782 Posts |
This doesn't signal anything except the fact that APMEX is looking for more business and profits. With the financial turmoil in the world right now, PM's are far from their top. |
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Pillar of the Community
United States
3789 Posts |
Soooo... after about a week here with this topic I started, I do feel rather strongly that APMEX being featured on ebay is a short term top in the PMs. I am basing this partly on the fact that PMs and their price action is outright ugly and showing the way down,, exactly what happens to the general public- they leave other areas of savings and investment and go in large crowds where everyone else is and its clear in Ebays comments regarding inking the deal with APMEX they wanted to capture more sales of PMS, JUST as they are starting to fall down. So we have this perfect storm for much lower prices and I do think we'll see them. Not to mention the fact that I was looking at other discussion threads on various coin forums and a constant common talking point I have seen for the past few months and its been building has been "man I bought silver at X and now its much lower". The good news is, if you have cash, you can take advantage of these lower prices to add to your collections or investment holdings. Just remember to nibble, don't go all in even after a big drop because these sort of things tend to reel you in and then you find out it went even lower from where you bought. ... as I always say, what is cheap becomes cheaper. BTW- in no way should this comment be viewed as negative about metals NOR is it to be taken as saying prices are going to drop like a rock, the market decides all those things. Yes, prices always fluctuate, they do for everything, However, many times trends come into place and run their course, and time will tell if we are now looking towards a period of downtrends in the prices of PMs. What I am saying is to be cautious, stay your course and enjoy the bargains! :D |
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Pillar of the Community
United States
919 Posts |
I think a bigger indicator of a top is an increase in the number of small time "dealers" selling PM's on ebay. I don't know how to track that but when everybody thinks there is easy money to be made selling on ebay, look out below. |
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Pillar of the Community
United States
3789 Posts |
Yea that could be it too. However, from this article on ebay hooking up with APMEX, and ima try and find the link to the article so all can read, the gist and take away was ebay wanted to capture even more sales from the public that has been buying coins and bullion in a big way. Generally when the public crowds into something, it spells doom, big time. And I do feel strongly that Joe Public is leaving the stock market, I see it everyday, and going to other places, thinking its a safe haven and good return.... and as things go, the stock market will run higher, leaving behind the general public :/ |
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Replies: 20 / Views: 3,208 |
Posted 12/22/2012 8:00 pm
