2009 maples $14.15 any quantity
cinman14
Posts: 2,489 ✭
0
cinman14
Posts: 2,489 ✭
cinman14
Posts: 2,489 ✭
Comments
<< <i>Get um while ya can....
apmex maples >>
quite the rip off in my mind. most of us were buying 2008s for 12.00
to 12.50 just a few months ago.
the 2009s will be made in huge quantities just like the 2008s.
the premiums should drop back down to the teletrade opening days
when they had nicer prices.
How long do you think it will take teletrade to get back to normal pricing?
<< <i>the premiums should drop back down to the teletrade opening days
when they had nicer prices. >>
But, but, large premiums are over!
You promised. You told us all about it.
Send them a email and explain it to them.
They obviously haven't been listening to our young gurus.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>I noticed the prices at teletrade as well.... I guess it was too good to last.
How long do you think it will take teletrade to get back to normal pricing? >>
Silver was at $8.50 when I bought my last 1,000 maples at $12.51 an ounce.
<< <i>
<< <i>I noticed the prices at teletrade as well.... I guess it was too good to last.
How long do you think it will take teletrade to get back to normal pricing? >>
Silver was at $8.50 when I bought my last 1,000 maples at $12.51 an ounce. >>
when silver dropped they repriced them higher. basically they are
useless to me now. they raised their premium due to the drop and
now that silver went back up they kept it that way. Notice how they
are basically no longer mentioned on this forum due to their out of
whack prices now. I was buying from them when silver was at 8.50
through 10.00.
<< <i>
<< <i>the premiums should drop back down to the teletrade opening days
when they had nicer prices. >>
But, but, large premiums are over!
You promised. You told us all about it.
Send them a email and explain it to them.
They obviously haven't been listening to our young gurus.
another well thought out contribution by deadhorse.
anyone can ask what they want for their silver... too bad they have
sat on their website all this time and never sell out. oh yea.. the
premiums are too high supporting my thoughts and opinion on their
pricing. anything reasonable sells out in days if not hours during the
frenzy period we saw the last few months. So they will sit and go
begging for buyers. In time the premiums will drop once they realize
that the new factor has worn off and they cannot find buyers.
Perceived value remains where it was, the spot price simply reflects the premiums that can be charged and still sell, and sell they will.
I'll repost your silly prediction in six months and we will see how well thought out it was.
You just don't get it, and worse you don't even understand why.
Your philosophy seems to be a mixture of youth and a bull headed attitude. Two things that will never serve you well in the metals game.
It's not about charts and it's not about making long range predictions based on some pattern you think you have discerned.
It's always been about the psychology of the investors, even with the massive short selling that has upset the apple cart lately, it still remains the same as it was years ago. Even the run up of 1980 was primarily emotion running amok. Sure, futures contracts had to be secured but the wild prices seen were far more than neccessary. There was money to be made, I certainly made a bundle as did many others, but it was the speculators with their long green eyes that pushed it to the stratosphere. The Hunts weren't the only ones who suffered greatly and it was all due to the heat of the moment, ie; the psychology of the players. That crash was something many of us had marked on our calendars after we were out and shaking our heads and smiling.
That last paragraph may be pearls before swine, but for other readers, I trust the "contribution" was thought out well enough that others may understand and perhaps apply it to today.
Yes, premiums will shrink but not at current prices and certainly not if silver drops to $9 and not for some time until silver once again becomes readily available to anyone in display cases around the country. If it ever gathers dust again, then we will see those reductions. A more likely scenario will be with a sharp rise which will reduce what new investors can quickly gobble up. Such an occurance could then create a competitive market as we once had. Again, that will only happen provided the product is available in plentiful quantities, something I'm not betting on anytime soon, perhaps years yet, if then.
100 ounce brand name bars are bringing $250-$300 premiums locally and that's if you can find them. That's UP from last month. I'm not searching, but I get enough calls from dealers around town to know that they sure aren't seeing even a fraction of what they'd like to and what they could sell instantly. Obviously smaller units are carrying a larger premium accordingly.
When was the last time that inventory of anything fell to near zero, investors were clamoring to buy and the prices went down? Coupled with this (currently) meaningless spot price, well that's the recipe for....... premiums!
Kind of like in Communist Russia a few years ago, the price of a loaf of bread was 50 roubles, it was 50 roubles everywhere in the country. Of course the shelves were empty, there was no bread, but the spot/fixed price remained the same. Now, if you really wanted that loaf of bread, it was available. Just not for that artificial price of 50 roubles. Bread was scarce but it was available, you just had to pay a premium.
Spot can be hammered down, but for nearly all of us, that's just not the price anymore, not even close. The same is true of gold. We seem to be in uncharted waters and I'm certainly not going to make any sort of long term predictions. For now I'll just observe and apply what I know still remains true and adapt to this new market. Yes, it is a new market, one that almost no one saw coming, myself included.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
premiums have fallen since silver has fallen from its highs of 20 dollars
to 10ish an ounce.
you ranting on how that is not possible and bringing up communist
russia as an example of how premiums exist is very odd indeed.
stating i am a mixture of youth and bull headed attitude is your way
of saying why does not everyone think like I do as my opinion is
superior to everyone's elses.
you admit it is a new market that you did not see coming but somehow
you are prepared to tell us the future now 6 months out, 3 years out,
and etc...
------
and oh. just as an fyi. since you cannot help but call me names on
every post you do here...
i from now on will not reply back to you ever again. you can play in
your sandbox without me.
so please excuse me. i just bought my first house in a market everyone
is saying is going down and down. it is time for the inspection.
blood in the streets... time to buy. the interest rate was simply awesome.
later
APMEX
<< <i>
<< <i>I noticed the prices at teletrade as well.... I guess it was too good to last.
How long do you think it will take teletrade to get back to normal pricing? >>
Silver was at $8.50 when I bought my last 1,000 maples at $12.51 an ounce. >>
So spot silver is now 20% higher and the maples are still the same? You should bought the paper.
Knowledge is the enemy of fear
<< <i>you admit it is a new market that you did not see coming but somehow
you are prepared to tell us the future now 6 months out, 3 years out,
and etc... >>
Reading comprehension not one of your strong suits?
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>Forget the price, the S & H charges from APMEX will kill you. I'll never buy from them again. Jeesh, almost $50 S & H on a 1 ounce gold coin. They must have handled the %*?<# out of it. >>
I'am assuming you used a credit card with that order. Checks or money order should of been $19.95 for shipping. Even better you can occasionally find free shipping for a 1 oz of gold on ebay.
<< <i>
<< <i>Forget the price, the S & H charges from APMEX will kill you. I'll never buy from them again. Jeesh, almost $50 S & H on a 1 ounce gold coin. They must have handled the %*?<# out of it. >>
I'am assuming you used a credit card with that order. Checks or money order should of been $19.95 for shipping. Even better you can occasionally find free shipping for a 1 oz of gold on ebay. >>
OK, here's the real question. Why would a check or MO be more or less shipping and handling than a credit card, unless they were trying to get their CC fees covered and then some. You would handle and ship the coin the same amount regardless of how it is purchased. This seems a little dubious to me, OK a LOT dubious to me.
<< <i>So spot silver is now 20% higher and the maples are still the same? You should bought the paper. >>
I sold the 2000 maples for a net price of $15.50 an ounce days after receiving them
<< <i>
<< <i>So spot silver is now 20% higher and the maples are still the same? You should bought the paper. >>
I sold the 2000 maples for a net price of $15.50 an ounce days after receiving them
SCHWEEET!!!!! Now we're talkin'
Knowledge is the enemy of fear
<< <i>
<< <i>So spot silver is now 20% higher and the maples are still the same? You should bought the paper. >>
I sold the 2000 maples for a net price of $15.50 an ounce days after receiving them
I'm sure Uncle Sam will help out with some of that excessive profit
<< <i>Forget the price, the S & H charges from APMEX will kill you. I'll never buy from them again. Jeesh, almost $50 S & H on a 1 ounce gold coin. They must have handled the %*?<# out of it. >>
Nonsense ... .only if you pay via a credit card....mail them a check and the s/h fee is around $20 ... and for a roll of silver eagles about half of that ...btwy if you have to charge your PM purchase, you can't afford it. and why should APMEX absorb the cc fee.
<< <i>
Nonsense ... .only if you pay via a credit card....mail them a check and the s/h fee is around $20 ... and for a roll of silver eagles about half of that ...btwy if you have to charge your PM purchase, you can't afford it. and why should APMEX absorb the cc fee. >>
I charge PM purchases anywhere that will let me, and believe me, I can afford it. I can also afford the free points on my card and the interest free 30 day loan.
<< <i>
<< <i>
Nonsense ... .only if you pay via a credit card....mail them a check and the s/h fee is around $20 ... and for a roll of silver eagles about half of that ...btwy if you have to charge your PM purchase, you can't afford it. and why should APMEX absorb the cc fee. >>
I charge PM purchases anywhere that will let me, and believe me, I can afford it. I can also afford the free points on my card and the interest free 30 day loan. >>