Interesting Video From Apmex Official

Thanks for sharing Earle. Great little interview, and it really illustrates why I decided to get into the PM game.

On a side note, I think I might have a full blown case of the PM bug. When the attractive lady in the red dress was side by side with the silver and gold Eagles, I couldn't take my eyes off the Eagles!

I think his comment about the average investor just starting to get into physical gold and silver says something about why we are NOT in a bubble yet,the mania has not really hit yet nor has the extreme volatility. So far we have dropped less than 20%(if you use the closing prices not the intraday prices)and that is still in correction territory as I see it. There has not been a precipitous drop occur yet.

Good one Almost-collectible, and I discovered in my email after watching it, I had the same video sent to me in an email from ol APMEX.....

It had some interesting speculation for why the drop, and most of you had already posted most of these reasons, here is the message paste below....


Gold & Silver Dip - Take Advantage Of This Opportunity To Extend Your Holdings.


Dear Kevin,

Gold and Silver prices continued to pull back today, providing an advantageous investment opportunity. If you have been waiting for a price dip like this in order to extend your current holdings, then now is the time to act.

The recent price fluctuations can be attributed to an increased confidence in the stock market spurred on by the news of the death of Bin Laden, which temporarily eased global security concerns. However, the dollar has not benefited from this information and has continued its slump.

The drop in the price of Silver can also be attributed to the new margin limitations announced by the CME.

Despite the recent volatility in the market, Gold and Silver have maintained their appeal as a "store of value" or "safe haven" asset for many investors.

APMEX CEO, Michael Haynes Returns To CNBC

Precious Metals Not Losing Their Shine - Play Video Now

"The Middle America, the individual investor across the world is just now beginning to take hold of this concept and they're not day traders. They're not looking to buy today and sell this afternoon, sell next week. They have a long time frame; 3 to 5 years. So they're purchasing this asset, not because they want to make money today, but they are looking at it almost like an insurance policy or a hedge against the rest of their portfolio."

- APMEX CEO, Michael Haynes

The other day I was listening to the radio a show about gold and silver. Into the 2nd hour or so they start talking about diamonds and pink diamonds and how rare and transportable they are. It just scared me, that this guy seemed to have some credibility but then he whips out the $50,000 question. Manias like this turn people into greedy advantage-takers who tell the truth here and lie to you there. So when people hear about gold they back away most of the time. Who has the time to sit on an asset when everything is going too well?