Apmex Not Taking Orders

Wow that's crazy

Anyone know what time Asian markets open in our EST? Also anyone have a good link to watch the Asian market index today?

Brucec - 6:15 PM EST

http://www.kitco.com/market/

Scroll down to World Spot Price.

TASE opens first and it is down around 6%. It will be an interesting evening going into Monday s the rest of the markets open.

I have no clue which way PM's will go as people try to find different ways to keep their money safe. I haven't bet on one way so I am hoping things work out.

Ya makes me nervous. Like I've always said, I'm hoping to save all my bullion for closer to when I retired, so hopefully, in 40 years gold and silver will be worth a lot more then now.

But watching the prices of today and tomorrow are still exciting. My local coin shop has really good prices. He sells all of his gold at spot +$65, so I can get my 1/10 age for 166$ which is prob the cheapest I found in a while.

Anybody have a kitco account? I believe they are open for orders but it costs more for shipping and insurance, but I think is competitive to AMPEX after shipping is added.

Yeah I do, they appear to be taking orders but the exact price isn't locked in (or shown) until the order is placed.

IMHO I don't think APMEX has a supply problem, just a pricing unknown. But what do I know

From the APMEX facebook

As APMEX does every Friday just before the market close, we set aside an amount of precious metals to offer over the weekend until the markets re-open on Sunday evening. Many precious metal dealers close over the weekend due to lack of a market, convenience or the lack of supply for the two days. APMEX has stayed open with offerings to serve the customers when it is perhaps more convenient for the customers.
For most weekends (since 2008), there has not been any significant news that would drive market prices higher or lower than the close on Friday. However, last Friday, August 5, 2011, was different.
The U.S. Debt was downgraded from AAA to AA+ by Standard & Poor's, one of the premier rating agencies. This had been threatened by S&P, but earlier in the week it appeared that the AAA rating would be preserved. At about 8:35 PM, the news was out: S&P had downgraded the U.S. Debt to AA+ and this unprecedented action had never been done before. This was huge news that dramatically changed the financial markets. However, all the major markets around the world were closed and APMEX was still offering precious metal at prices as of Friday's market close about 4:15 PM CT, well before the S&P announcement.
Given the startling news Friday night, buyers came to the APMEX website and by early Saturday morning, APMEX had sold its full allocation for the entire weekend. Management huddled and decided to offer another allocation of precious metals to service our customers but since markets were closed, the precious metal prices were increased based on the news then available in the market. After watching the additional allocation quickly sell out Saturday, Management felt it best to suspend taking orders on the website until the precious metal markets were open in Asia on Sunday evening around 5:00 PM CT.
These are times never seen before. APMEX is working to serve our customers as best as can be determined in economic times that have never before existed. APMEX will always keep its customers as first priority and with all the considerable resources available, make precious metal product available with the best service at competitive prices.