Apmex- On Ebay Does This Signal A Top In Pms? - Page 2

To participate in the forum you must log in or register.

Author	Replies: 20 / Views: 3,213	Page: of 2

Roderick New Member United States 34 Posts	Posted 12/29/2012 3:04 pm Marketing metals to the general public has been going on for years. Expanding the base of metals holders simply takes physical precious metals off the market and lifts the price for all of us who already hold precious metals. The question is if the general public understands that holding physical precious metals is best thought of as taking out an insurance policy against economic collapse rather than an investment with a dependable return. Report this Post to the Staff
HaroldS Valued Member United States 292 Posts	Posted 12/29/2012 4:08 pm Not sure why anyone would buy from APMEX at those prices, when I can walk into my LCS today and pay $34.06 for an Eagle or Maple Leaf with no tax or shipping. This is at the weekend spot of $30.06. Problem with APMEX or anyone on ebay with fixed prices they have to up the price to compensate for spot fluctuations during the listing period. A LCS is adjusting their prices thruout the day. Report this Post to the Staff
tpg22 Pillar of the Community United States 919 Posts	Posted 12/29/2012 4:48 pm HaroldS I agree and always try to buy from LCS. Where I live they charge almost 6% tax (even on cash purchases). There are times APMEX is lower when you account for tax. If you buy large amounts you can do ok. Just a day or so ago they had 2006 MS69 graded SAE's for $6.99 over spot. For someone that collects slabbed SAE's that price is pretty good. ebay to me is way over priced on almost everything. One correction about APMEX and fixed prices. The prices there change along with spot and are not fixed. If you go to their website you will notice the pricing changes with each refresh. You don't lock in a price until you head to checkout. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 12/29/2012 9:16 pm well... once the public finds out PM prices are going down, they will dump, and en masse, and prices will tumble hard. typical crowded/bubble action. So, to me, more of the general public crowding into PM spells disaster just as the housing crisis. Now ima not saying the implosion will be just as same, but I say, prepare for some low prices that makes prices drop hard. I look forward to such a hard drop, let everything reset and get the weak hands out that got late into PMs. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 12/30/2012 11:34 am I like to buy from my LCS as much as possible, but I just bought 20 ASE's from an on line house for $33.68 ea, which includes insurance and shipping. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
	Replies: 20 / Views: 3,213	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.21 seconds to rattle this change.