APMEX CEO Letter Signals a Bullion Market Under Real Strain
Gold and silver have hit record highs causing bullion demand to surge sharply from both new buyers and experienced investors.
apmex
A-Mark’s Acquisition of Stack’s Bowers: The Cost of Industry Consolidation for Collectors and Investors
A-Mark’s acquisition of Stack’s Bowers is another sign of the continued consolidation of the industry and should be a growing concern for collectors and investors alike.
Walmart offering Precious Metals, but with higher prices and premiums than buying direct
While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.
Understanding Silver Eagle Premiums
The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.
Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.
24k Gold Investment Grade Jewelry
It is very common throughout Asia to own high karat gold jewelry as a store of wealth.
New bullion jewelry options are now available to 24k gold investors that go beyond your typical fashion accessory.
Demand for Silver Eagles Spikes, Along with Premiums
The US Mint continues to be slow and unable to meet investor demand.
The failures of the Mint and their planchet suppliers have led directly to significant increases in dealer premiums in recent weeks. This week, the lowest dealer premium for silver eagles is more than 60% over spot price.
Some dealers, such as APMEX and JM Bullion are currently selling silver eagles with premiums at over 88% above spot price.
Several Dealers Increase Order Minimums and Shipping Times
APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced temporary changes to order and shipping policies upon an increase in order volume in recent weeks amidst the ongoing banking crisis. While premiums on silver eagles have recently risen back above 50% per coin. Lower premiums are available for other sovereign bullion coins such as Britannia, Kangaroo and Philharmonic.
Banking Crisis Excites Investor Demand for Silver and Gold
APMEX sold more than 1 million troy ounces of silver in the past 7 days, and 27,000 troy ounces of gold.
US Mint Authorized Wholesale Purchasers
Unlike other world mints, the United States Mint does not sell its bullion coins directly to the public. Instead, the coins are distributed through a network of official distributors called Authorized Purchasers. The Authorized Purchasers then create a two-way market by buying and selling to precious metal wholesalers, retail dealers, and private investors. In the … Read moreUS Mint Authorized Wholesale Purchasers