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 Replies: 75 / Views: 7,171 |
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Pillar of the Community
United States
3670 Posts |
So APMEX just sent me this below, and I think it speaks of just how big silver and gold are about to go. If APMEX is willing to buy way over spot in some cases, we are all in for a wild ride.... APMEX Wants To Buy Your U.S. Mint Products! Dear Kevin, Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand! We Want These Products: We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity! We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity! We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets. Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW! Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins. Respectfully, Clint Hughes Senior Vice President of Marketing The American Precious Metals Exchange Edited by Silverhawk74
04/25/2011 6:48 pm
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Pillar of the Community
United States
597 Posts |
wow maybe its not time to sell? now I have to give it some more thought
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Valued Member
United States
314 Posts |
I just got done reading that same email. Makes you wonder.
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Pillar of the Community
 United States
3670 Posts |
Yes I thought it was pretty major news myself, as I have never heard of such a large company buying pm's over spot, new or not.... I think this shows, there are just now large numbers of the pop catching on, and they are getting on board with the high spike in prices regardless. They are probably just happy to get on board at all.... This should help many here on the board, as I recall another post from member who could not afford to buy anything for a while, and wanted to trade some older ASE's in order to get some of the newer ones to complete his collection based on different years. He could sell some of the older ones that he has more than one example of, an turn that money into the new ASE's he needs.... |
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Bedrock of the Community
United States
10982 Posts |
I noticed they were sold out of several silver categories yesterday. When they start paying over spot for generic stuff? Then I'm really interested.
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Pillar of the Community
United States
1026 Posts |
Yes I read this also makes me MAD I did get 80 ounces from APMEX awhile ago and wanted more my bank CD is not due till think it is June 17 th or so CRAP want that money now to buy more silver. I know call 1-800 cash now JP Wentworth I need my CASH now think that is the name in that commercial. CRAP I bet by June 17th Silver will be at $60.00 oh well so goes it. |
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Valued Member
United States
384 Posts |
Wow, they must be really running out of stuff! I just never imagined there would be so much interest in silver.
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Valued Member
United States
100 Posts |
I think they're just buying on the pullback
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Pillar of the Community
 United States
2448 Posts |
What about 90% stuff? I'll sell a bunch of commems I've been holding.
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Pillar of the Community
United States
1126 Posts |
I wonder if the e-mail from APMEX will be the equivalent of The Shot Heard Around The World. Being one of the Major Dealers in the world and them running short of silver. Throwing a shock wave around the Planet with people going into panic mode thinking that Silver stocks are running that low. Just a question I think we are treading on completely new ground.  |
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Pillar of the Community
United States
3670 Posts |
Yes and silver and gold have fell off the cliff today, dropping down below 46 an oz for silver and gold has fell to 1496.... Looks like APMEX knows the fall is coming and is gonna restock as much as possible until it starts back up again. If the past three months are an indication, I figure it to start is way back up in a day or two, which does not give them much time if it in fact does start going back up....... Edited by Silverhawk74
04/25/2011 9:23 pm
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Valued Member
United States
71 Posts |
Very interesting. Is it common or typical for people like APMEX to pay over spot like this? |
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Bedrock of the Community
United States
10029 Posts |
Wow... this makes the whole picture a lot more fuzzy! What a ride!
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Bedrock of the Community
United States
10982 Posts |
Quote:
What about 90% stuff? I'll sell a bunch of commems I've been holding.
They will buy them but you're not going to get over melt value. Commemorative S$1 melt at almost $36 right now so if you want to sell, give them a call. |
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Pillar of the Community
United States
4008 Posts |
Quote:Very interesting. Is it common or typical for people like APMEX to pay over spot like this? No, this is VERY atypical. Most bullion dealers sell for a premium above spot and then buy at some fixed amount or percentage below spot. This is the 1st time since about 1981 that I can recall any dealer buying above spot. They must be getting desperate for inventory! I have made 2 purchases from APMEX. One in late March and the other about 4 days ago. It's funny to be receiving an offer to buy back a shipment of coins that they haven't even shipped to me yet!  |
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Pillar of the Community
United States
3670 Posts |
Good stuff Ed, you cleaned them out of ASE's lol.... And as far as the flux in silver price today, I know watching minute to minute is pointless and probably would drive one insane, esp for us with longer term plans, but the fact it was 2 cents away from 50, and fell as low as 44 today 12 hours later, makes me scratch my head as well. Six bucks swing seems like a whole lot for silver in one day, something fishy is going on.... |
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Replies: 75 / Views: 7,171 |
Posted 04/25/2011 7:00 pm
