APMEX Reports Gold/Silver Shortages. Products Unavailable

Twilight · Expert Joined: Mar 02, 2007 Posts: 3076 Location: UK

They do not sell what they do not have. Maybe they do not sell low what they bought high either? I do not know what their stock turnaround time is, but that price move was a real cliff.
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Volatility. When life isn't exciting enough.

Falconoffury · Expert Joined: May 25, 2004 Posts: 1480

I don't know about you guys, but silver just hit my buy point. You can lock in prices at www.bulliondirect.com.

The price fixing will not hold up for much longer.
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"If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"George W. Bush loves poor people. He keeps making more of them." -unkn

Roccland · Peak Oil Prophet Joined: Jun 16, 2007 Posts: 1696

APMEX probably does not want to take a loss on the gold they bought at $950.

So they tell you they are out.
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500 MPH into a brick wall - me

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1546

Falconoffury · Expert Joined: May 25, 2004 Posts: 1480

Wow, silver just dropped like a stone in the past 30 minutes. It's at $13.25 now.
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"If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"George W. Bush loves poor people. He keeps making more of them." -unkn

firestarter · Light Sweet Crude Joined: Mar 19, 2006 Posts: 1181

Silver is $12.15 as I peck this.
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Civilization: the biosphere's skin disease

35Kas · Tar Sands Joined: Feb 04, 2008 Posts: 76

...And yet they seem to be out. Seems like a contradiction of supply and demand.

Arsenal

I just bought 10 1oz Silver Eagles and a 10oz silver bar from APMEX so we will see when it arrives. Smile

I have been putting about $400-800 a month towards something PO related and silver was just looking too good.

Arsenal.

Next month... More Ammo. Smile

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1546

US mint suspends sales of gold eagles.

link

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6478

I wonder if it's related to minting capacity. Clearly APMEX could place an order on NYMEX for however much gold they want and take physical delivery. They couldn't get eagles or Krugerands that way, but they could make their house brand rounds.

There's no reason that selling at this price should be a particular problem for them either. Whatever they sell they can easily hedge in the spot or futures markets.
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"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS

Jotapay · Intermediate Crude Joined: Jun 21, 2008 Posts: 674

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6478

bromius · Heavy Crude Joined: May 26, 2008 Posts: 143

I've got a little extra cash I was thinking about converting to silver coin for a rainy day. Is APMEX a good company to deal with for buying such things? I've been to their website and it looks like they do sell physical coins, just wondering about their reputation. Was thinking about getting some silver eagles. Any other sites that people prefer? Is this the best way to buy coins or are there other types that would work as well for long term value storage?

Pardon my ignorance... trying to do some background research before asking, but school is also keeping me very busy with reading...

Dreamtwister · Fission Joined: Feb 06, 2006 Posts: 2300