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Strange E Mail from APMEX

goingbrokegoingbroke Posts: 1,410
in Precious Metals
APMEX sent me a E Mail I have never got this kind of E Mail from them before. (supply problems?) We Want These Products:

APMEX Wants To Buy Your U.S. Mint 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!
Many successful BST transactions ajia
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins

Comments

  • bretts911bretts911 Posts: 764 ✭✭✭
    I got the same email
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    APMEX Wants To Buy Your U.S. Mint Products!


    Dear Jerry,


    Same here

    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.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cone10cone10 Posts: 1,021
    Me too.
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    I expect that buy price to rise once the Mint starts their ATB sales on Thursday with a subsequent sell-out.

    And, that is a buy price at $50 per ounce; kinda prophetic, huh?

    Miles
    Now riding the swell in PM's and surf.
  • RedHerringRedHerring Posts: 2,077 ✭
    I haven't got my ATB set from APMEX yet. Can I just request a $1250 check instead? image
  • CaptHenwayCaptHenway Posts: 32,118 ✭✭✭✭✭
    Seems pretty straightforward.

    They are selling these products.
    Demand is high.
    They are paying strong.

    The Law Of Supply And Demand in action!

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • pitbosspitboss Posts: 8,643 ✭✭✭

    I don't trust them at all. They have a devious scheme in mind.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    If you go to their site and look at the "Top 40" in the upper left hand corner of their banner page, you will see current buy prices. I was kind of stunned when I saw what they were offering. Minimum sell is 1K. They want you to call, lock in a price, they send you an email, you print the email and send it in with your sale materials and boom...you got a check. Don't see anything devious there, just an aggressive buyer. They must either be blowing that physical out the door or they have a big dog somewhere that wants some metal.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    lowballers

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • StewStew Posts: 1,002
    I wonder if the e-mail from APMEX will be the equivalent of
    The Shot Heard Around The World.
    Being one of the Major Dealers in the world and them running
    short of silver.
    Throwing a shock wave around the Planet with people going into
    panic mode thinking that Silver stocks are running that low.

    Just a question

    I think we are treading on completely new ground
    My Ebay Listings
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    I got it also, are we running low on supply?
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    I wonder if they sent it to the mint too!!image
    theknowitalltroll;
  • AUandAGAUandAG Posts: 24,761 ✭✭✭✭✭
    Dang the demand must be out of sight! I got one too! Never done business with the folks
    but did sign up a long, long time ago for their emails.

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Quality sells - Supply & Demand - PM bugs holding on to the good stuff.

    Or maybe T. Boone Pickins called in a big orderimage
    Avid collector of GSA's.
  • TWQGTWQG Posts: 3,145 ✭✭
    Looks like they're buying the dip.
    My eBay store
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    It is a very complex metals market right now, in my thinking. Gold is so big, it's kind of hard to turn a big ship like that but silver is nimble and seemingly moves with the wind. I postulated last year and maybe just before that, that there would be a number of efforts to strip metal from the small guys with head fakes on the spot price/market, cash 4 gold type store fronts, hotel buyer weekends, gold parties, rumors of confiscation, news of the fix being in for the short players ala jpm...there is no end to the number of attempts there have been in the last year or so to get the metal from the folks that have a little laying around. Anyone that is trying to play this market either has steel huevos or a death wish. The only guys that are going to make this work are the ones that have a game plan and also have the will and where with all to play the game until they are done with it.

    I would suspect that most of the casual players are cashed in, including the grandmas and heirloom gifts, the "old or broken" jewelry holders, the guys that popped in for a quick ride and got scared or got their 10% and left, the guys with a bunch of morgan slicks, all those guys have probably been stripped by now. The only guys left are the stackers and the hoarders on one side and the metals players on the other side. The refiners are probably going full blast right now and it might even last for a few months more but soon, all the small fish will have been run through the chute and stripped of their metal.

    Those that are saying that this time it's different maybe right and they may be wrong but until the fundamentals change, it's likely to remain the same. It's kind of like a game of no limit hold 'em...but only if you are still holding 'em.

    Best of good luck to all, this train is movin'.
  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>It is a very complex metals market right now, in my thinking. Gold is so big, it's kind of hard to turn a big ship like that but silver is nimble and seemingly moves with the wind. I postulated last year and maybe just before that, that there would be a number of efforts to strip metal from the small guys with head fakes on the spot price/market, cash 4 gold type store fronts, hotel buyer weekends, gold parties, rumors of confiscation, news of the fix being in for the short players ala jpm...there is no end to the number of attempts there have been in the last year or so to get the metal from the folks that have a little laying around. Anyone that is trying to play this market either has steel huevos or a death wish. The only guys that are going to make this work are the ones that have a game plan and also have the will and where with all to play the game until they are done with it.

    I would suspect that most of the casual players are cashed in, including the grandmas and heirloom gifts, the "old or broken" jewelry holders, the guys that popped in for a quick ride and got scared or got their 10% and left, the guys with a bunch of morgan slicks, all those guys have probably been stripped by now. The only guys left are the stackers and the hoarders on one side and the metals players on the other side. The refiners are probably going full blast right now and it might even last for a few months more but soon, all the small fish will have been run through the chute and stripped of their metal.

    Those that are saying that this time it's different maybe right and they may be wrong but until the fundamentals change, it's likely to remain

    the same. It's kind of like a game of no limit hold 'em...but only if you are still holding







    Best of good luck to all, this train is movin'. >>

    image
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "I expect that buy price to rise once the Mint starts their ATB sales on Thursday "

    These are the hockey pucks or more of those quarters?
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭


    << <i>Looks like they're buying the dip. >>



    image
    Becky
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    great analysis, Mhammerman.

    I think a lot of people got cleaned out at the big milestone numbers ($10, $20). There must be a lot fewer small time holders. People who bought in the single digits or had silver left over from family have probably already gotten rid of what they had. Over on the U.S. coins forum people are talking about cleaning out their extras, etc.

    Who are the buyers in all this? Big money players looking medium or long-term? Speculators? It's hard to say. Maybe some of both. It seems like a lifetime ago, but just last fall (Sept.) silver was trading around $20. I'm curious whether a lot of small guys are jumping in to the metals right now.

    I got rid of 40 oz. of AG this morning at a local dealer @ $44.50/oz... it's hard not to move "something" at these prices. Just taking some chips off the table. But I'll need a really compelling reason/price to get rid of any more.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
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