APMEX short of inventory

[beauanderos]

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APMEX Wants To Buy Your U.S. Mint Products!


Dear Ray,

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



P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.

[fusscharles]

I see that they are out of silver eagles on the website.

[whatsnext]

Are they just filling a couple big orders from the university taking possession uproar? They have a high premium so this is kinda weird.

Apmex must be the new engelhard.

[justj2k78]

Yeah I got one of those too... will be interesting to follow.

[neilgin1]

ooops, i just posted this from zero hedge...sorry.

sure does underline the fact, that we are going a lot higher.

[lakehouse]

A lot higher or a lot lower? It reminds me a bit of the IPO craze for tech stocks pre-bubble

[hejira11]

I got one too. The paper price is going down, but the people that sold me my physical silver want me to sell it back...above spot??? HOW GENEROUS OF THEM! Me thinks I'll hold and hoard.

[RxForPain]

Something is up... we can all speculate what, but it looks like the kettle is starting to boil. Hold what you have and hang on.

[RR GUY]

There's lots of silver out there. No need to panic. Just check on ebay, tens of thousands of ASEs for sale at spot +/- premium.

[Market Harmony]

A lot higher or a lot lower? It reminds me a bit of the IPO craze for tech stocks pre-bubble

How can you find any correlation between pre-bubble tech stocks and APMEX inventory?

Paper market and physical market are obviously having a hard time determining which one means more to more folks. Who cares about the price of silver or gold on the COMEX? Why should you care?

We own it, they don't. They want it, and we are too smart to give it up to anyone for artificial pricing. COMEX prices are artificial, and a silver shortage will prove it. It seems to me that APMEX already is realizing this, and they are willing to pay ABOVE the COMEX price for a commodity... reality disconnect!

[lakehouse]

How on Earth can you find any correlation, whatsoever, between pre-bubble tech stocks and APMEX inventory?

First consider:

nasdaq.gif (12.2 KiB) Viewed 786 times

ag95-pres.gif (6.33 KiB) Viewed 786 times

Combine that with increased interest and demand from the public (notice the chart for SLV and notice the volume spiking recently).

The common denominator is a supply vs demand mismatch chasing up prices; whether it is a tech IPO, silver Eagles, beanie babies, tulips, housing or ?? The cabbie or waiter may not have bought in yet but by time one finds out that they did it may be too late. I just don't see a sustainable fundamental shift in demand for silver. I'll be shifting out of silver into other forms of hedging. Whether its more metals (copper, nickel, gold), real estate (some land prices look intriguing), TIPs, or what other asset is the question.

[beauanderos]

when you decide to sell your silver, list here

[fusscharles]

1250 for the ATB is pretty tempting... i have not even received my order from them, I can just say keep it and take 300 bucks for 2 weeks of my money tied up.... not bad, but I am going to hold out for a 1 set:1 oz of slabbed gold (once ounce).

[Kurr]

If demand is so stinking high that apmex is hittin up customers for inventory, and $7 periums on ASEs and the market is SOOOOOOO hot, how come in the midst of all this scramble to get as much as you can, price has declined 10% or better in the last 48 hrs?

If the market and its fundamentals are sooooo strong, why would the big boys take a chance on a massive short to "try" and drive price down when market demand "should" decimate them under such circumstances?

[beauanderos]

If demand is so stinking high that apmex is hittin up customers for inventory, and $7 periums on ASEs and the market is SOOOOOOO hot, how come in the midst of all this scramble to get as much as you can, price has declined 10% or better in the last 48 hrs?

If the market and its fundamentals are sooooo strong, why would the big boys take a chance on a massive short to "try" and drive price down when market demand "should" decimate them under such circumstances?

How about a little bit of misdirection? Destroy the "illusion" that precious metals are a safe haven when the dollar declines... all the while the dollar is down again. Some of the pullback may be due to the fear that QE is coming to an end (not going to happen, there's no alternative) some due to seasonal influence trying to beat the annual exodus of "sell in May and go away" that does afflict the metals. Da Boyz will try all the harder to squelch any rise before public perception realizes that there is an opportunity awaiting in silver... and the recent, some say parabolic, move was drawing too many curious shoppers with fat wallets. It was time, through one means or another, to scare them away. This market will recover, but it may be that through the seasonally weak months we see a rangebound sideways consolidative trend before another leg higher. Who knows? I just know I prefer silver and gold to fiat, what ever the contrived paper price. Also... why would the big boys take a chance on driving the market down? Because they will be reimbursed with the next "too big to fail" banks bailout. They can waste enormous amounts of money maintaining the illusion of dollar stability (with the Fed's complicity) profiting at times with their manipulations, not caring if they lose... knowing they will get it back with more hyperinflationary money creation. What could stop this farce? Only physical depletion of the silver. APMEX and others don't care which direction the market goes, they arbitrage, but it sounds like demand is greater than their supply, so they are attempting to replenish it.

[anarchir]

FYI if you guys ever read an article that was originally posted or written by someone named "Tyler Durden" and this is his picture next to the article:


Think again. The name and picture are from the movie "Fight Club" where the character causes chaos in the world. Also, this poster online repeatedly in my experience has been the originator of conspiracy articles. The ORIGINATOR. That means he sites sources that dont even exist sometimes. I have noticed it in multiple places, including this week Coinflation.com.

[franklin]

I have the APMEX 50 Peso Gold coin bookmarked and checked on it today and, for the first time that I have seen, they are sold out. It probably has the lowest premium of any gold coin on their site.

[argent_pur]

I have the APMEX 50 Peso Gold coin bookmarked and checked on it today and, for the first time that I have seen, they are sold out. It probably has the lowest premium of any gold coin on their site.

I'll give you a hint where they went...

[argent_pur]

Not only are they the lowest premium coin (although the 100 corona may tie it), but just look at the SPREADS! A narrower spread for a 50 peso than for a krug, maple, or eagle! We're talking relative and absolute terms here. The spread is around 42 bucks for the 50 peso and well over 50 bucks for the aforementioned "big three". Lower premium + narrower spread = happy owner!

[theo]

How on Earth can you find any correlation, whatsoever, between pre-bubble tech stocks and APMEX inventory?

The common denominator is a supply vs demand mismatch chasing up prices; whether it is a tech IPO, silver Eagles, beanie babies, tulips, housing or ?? The cabbie or waiter may not have bought in yet but by time one finds out that they did it may be too late. I just don't see a sustainable fundamental shift in demand for silver. I'll be shifting out of silver into other forms of hedging. Whether its more metals (copper, nickel, gold), real estate (some land prices look intriguing), TIPs, or what other asset is the question.

There is no comparison between silver and the other "assets" you mentioned. Silver has been considered money longer than gold has. Real Estate is considered wealth, but it has been (and still is) grossly over-valued by loans underwritten by the Government and artificially low interest rates. I'm not aware of any Government loan programs for people who want to buy silver.

Your other examples were all over-hyped and, therefore, became over-valued. Silver is rarely mentioned by the mainstream media and its recent ascent has gone unnoticed by 95% of the population.

Although its not bad idea to diversify I would stay away from TIPS (based on Government inflation numbers) and most Real Estate (save farm land and some rentals). I would also consider food and energy as other investment options. However, even at current prices I think silver has an excellent chance of outperforming them all.

[hejira11]

[quote="theo Silver has been considered money longer than gold has. Real Estate is considered wealth, but it has been (and still is) grossly over-valued by loans underwritten by the Government and artificially low interest rates. I'm not aware of any Government loan programs for people who want to buy silver.

Silver is rarely mentioned by the mainstream media and its recent ascent has gone unnoticed by 95% of the population.

Although its not bad idea to diversify I would stay away from TIPS (based on Government inflation numbers) and most Real Estate (save farm land and some rentals). I would also consider food and energy as other investment options. However, even at current prices I think silver has an excellent chance of outperforming them all.[/quote]

Bump.

[RR GUY]

[quote="theo Silver has been considered money longer than gold has. Real Estate is considered wealth, but it has been (and still is) grossly over-valued by loans underwritten by the Government and artificially low interest rates. I'm not aware of any Government loan programs for people who want to buy silver.

Silver is rarely mentioned by the mainstream media and its recent ascent has gone unnoticed by 95% of the population.

Although its not bad idea to diversify I would stay away from TIPS (based on Government inflation numbers) and most Real Estate (save farm land and some rentals). I would also consider food and energy as other investment options. However, even at current prices I think silver has an excellent chance of outperforming them all.

Bump.[/quote]


I conducted an informal poll in the last two weeks of about fity business colleagues and clients as to the extent of their silver holdings. Having started as a coin collector at age 9, I've owned silver in quantity my whole life. Well its pretty true that the run in silver has gone somewhat unnoticed by most Americans including those who are both well educated and well heeled. Only four of the 50 people I polled owned some physical silver and in relation to their net worth amounted to less than 3% of their net worth. Three others owned some mining stocks and futures.

The astonishing part of this informal poll is that I polled only those with net worth of $1MM or more and all were college educated. The result is that only 14% of the polling group owned silver. More interesting than that is that all four physical holders of silver were self-made and owned their own business'.

[lakehouse]

You should revisit either what you define as real estate or what prices are nowadays. While I won't be shopping in downtown Manhattan, I'm not adverse to picking up land at 2-4k per acre depending on its tillable percentage.

Money is a relative term. In any SHTF or inflation scenarios, you are worried about bartering and maintaining relative purchasing power. Out here in the country, you could have a good argument for fishing lures, guns and parts for pickups as liquid assets

[quote]Your other examples were all over-hyped and, therefore, became over-valued. Silver is rarely mentioned by the mainstream media and its recent ascent has gone unnoticed by 95% of the population.[quote]

There's a lot more coverage now than the Hunt brothers had and I think most would agree that was a bubble. Percentage of the population is only binding on the upper end -- something could peak out with a much lower percantage of people owning it. While a very high percentage in this community want to and are holding metals, I don't think the average John and Jane Smith will seek them out.

[quote]Although its not bad idea to diversify I would stay away from TIPS (based on Government inflation numbers) and most Real Estate (save farm land and some rentals). I would also consider food and energy as other investment options. However, even at current prices I think silver has an excellent chance of outperforming them all[quote]

I've had a good ride so far and it's time to take some off the table and scale back considerably. If you did not own any silver right now would you go out and purchase your stack at current prices? That's your opportunity cost and it's too high for my comfort level but that's what makes markets....time will tell.

[theo]

You should revisit either what you define as real estate or what prices are nowadays. While I won't be shopping in downtown Manhattan, I'm not adverse to picking up land at 2-4k per acre depending on its tillable percentage.

As long as interest rates are low and the government is trying to re-inflate the market, RE prices (especially residential and commercial) are too high regardless of how far they've fallen. Regarding farmland, if you reread my post you'll find that we agree there.

There's a lot more coverage now than the Hunt brothers had and I think most would agree that was a bubble. Percentage of the population is only binding on the upper end -- something could peak out with a much lower percantage of people owning it. While a very high percentage in this community want to and are holding metals, I don't think the average John and Jane Smith will seek them out.

I don't think that 1980 silver was as much of a bubble as a narrow group of investors led by the Hunts trying to corner the market. The government regulators put a stop to it by changing the margin rules. Its been argued (most notably by Ted Butler) that silver manipulation had its beginnings during the 1980 crash. Actual bubbles such as tech stocks and tulips were well publicized and broad-based

[DeanStockwell]

How on Earth can you find any correlation, whatsoever, between pre-bubble tech stocks and APMEX inventory?

First consider:

nasdaq.gif

ag95-pres.gif

Combine that with increased interest and demand from the public (notice the chart for SLV and notice the volume spiking recently).

The common denominator is a supply vs demand mismatch chasing up prices; whether it is a tech IPO, silver Eagles, beanie babies, tulips, housing or ?? The cabbie or waiter may not have bought in yet but by time one finds out that they did it may be too late. I just don't see a sustainable fundamental shift in demand for silver. I'll be shifting out of silver into other forms of hedging. Whether its more metals (copper, nickel, gold), real estate (some land prices look intriguing), TIPs, or what other asset is the question.

ruh roh. You can't say silver is in a bubble here. Then again, I've been thinking we've been overvalued since $30. Although the charts get WORSE and WORSE nearly everyday. I think the Bernank will upset many AG holders tomorrow...I think he will reassure us that the QE program will be ending, which will hit AG hard. Everything past around the $36-38 level seems to be pure speculation. The fundamentals have not changed much; just the silver price. Then again, short a commodity in a parabolic rise and see what happens. I lost a bit last week because of that. I have more luck buying on pullbacks than shorting silver, so I'm keeping a large portion of my account ready to buy SLV calls when I believe the time is right.