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How does Apmex make money? Huge sale on 1oz Gold Maples

Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
At wholesale best I can buy these at is $24 over. Are they hoping for return customers? Or are they strained for $?

Maples

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>At wholesale best I can buy these at is $24 over. Are they hoping for return customers? Or are they strained for $?

    Maples >>



    The Canadian Maple, has been selling for close or at spot, at times, by the big boys. I picked up several from Scottsdale on 3/31 for $1,185..Nothing unusual, I suspect the Royal Mint offers them at a lower discount to spot, then the US Mint does for the AGE's.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    They make money by stocking up on them when gold was cheaper.

    "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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    They ain't makin' money. They cuttin' losses. image

    Liberty: Parent of Science & Industry

  • VanHalenVanHalen Posts: 3,993 ✭✭✭✭✭
    APMEX isn't making a lot these days. Their time to shine will come again.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    They make money on volume and the spread. Hedging is their friend

    Mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • BarndogBarndog Posts: 20,492 ✭✭✭✭✭
    when I lived in NH, Maple ounces were about spot + 100 at the local stores image

    never bought them at the local stores
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭


    << <i>They make money on volume and the spread. Hedging is their friend

    Mark >>



    Bingo
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>They ain't makin' money. They cuttin' losses. image >>



    Yeah, another big smack down coming!
    image
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>They make money on volume and the spread. Hedging is their friend

    Mark >>



    Bingo >>



    I just realized this is a EBay special. eBay may be kicking back on this as well. End of the month window dressing perhaps? I don't follow the stock that closely and I have never bought on eBay so I maybe reaching

    Regarding I think eBay is likely backstopping this sale

    Mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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