The Demand, for Precious Metals, has now begun to outpace the Supply! Prices, of Precious Metals, are still artificially depressed, compared to the actual value. AS they present the price of Silver at a little under $30/oz this morning, that means absolutely nothing if you can not acquire it at that price. The vast majority of the World's Population are lucky if they can acquire Silver under $50/oz, If you can get it then.

This is a communication from one of my sources. 

To our valued customers,

APMEX Statement On Current Market Conditions:

In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week. 

Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history. 

As we evaluate the markets, it is difficult to know where Silver's price and demand will go in the coming day and weeks. APMEX is highly capitalized and has more than $150 million in inventory to support demand. We have made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal. It is also highly likely that we will need an additional day or two to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners. In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability.

We want to thank our customers for their patience and understanding during these turbulent times. APMEX prides itself on best in class service and delivering on promises to our customers.

Sincerely,

Ken Lewis
CEO, APMEX

I often spend hours, for days in a row, seeking Precious Metals, at prices where I can pass it on to others. Sometimes i come up empty handed, and sometimes i am blessed to acquire a few pieces. 

As I shared in an earlier post, I have seen 2 reports(from creditable sources) that say the Fed has printed $6 TRILLION, this year alone. That was in January. If this Highly Destructive trend continues through the remainder of this year, the results may well end in a World Wide Depression. Inflation has already raised it's Ugly Head, among a large number of necessities. There are many examples i could share, but i will simply mention this one for now. A large bag, of my favorite chocolate cereal, was a little over $6 when I bought it in December. The small bag was around $3.40.  When I went to get one, in January, the price had jumped to over $7.5, for the large bag, and $4.50 for the small. I will not be surprised to see this become a trend for each month. I don't think you will have to look very hard, to see prices around you to significantly increase, as the economic waves travel around the world. Much like a rock thrown into a pool of water

We can also expect to see an impact upon CryptoCurrences, as people aggressively increase their search for ways to preserve their purchasing power. I am no professional financial advisor, but I do suggest that you seek ways to diversify your holdings, in assets that counter the massive waves of inflation, that are almost sure to come.

We have a large number of Rare Coins, and other forms of Precious Metals, available on eBay. We have great prices and an Excellent Customer Feedback History. If you would like to take immediate action, please go to one of my previous eBay related posts. If you wan't to wait, I will be sharing a new post, with information about our current Sales, and a Batch of New Coins we are listing. Please be on the lookout for my next post, where I go into detail about what we are currently offering.

Thank You for Your Time, Attention, and Interest!

Anthony