Over the last week, APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced either increases in minimum order amounts or have added a few days to their shipping policies.
The updates includes:
- APMEX – Temporary $250 minimum order with a slight delay in shipping times.
- JM Bullion – Shipping times may be 2 to 3 days longer than normal.
- Money Metals Exchange – Expect 4 to 5 days additional shipping time.
- SD Bullion – Temporary order minimum of $500.
Gold has been trading steadily above $2,008 per troy ounce and silver closed the week at $25.07.
The demand for Silver Eagles have quickly increased because they are seen a trusted store of value over keeping cash with record inflation. Currently, the cheapest Silver Eagles have a premium of over 50% above spot price.
Other sovereign government coins with a lower premium are also reliable alternative for investors looking for a lower premiums.
Britannia, Philharmonic and Kangaroo have become the go to silver 1 oz coins that make an excellent store of wealth and are easy to stack and store at home.
According to inventory tracking of APMEX stock, it’s been reported that APMEX sales of silver on Thursday April 6 reach over 135,000 troy ounces, slightly higher than the Thursday following the collapse of SVB bank and the start of the current banking crisis.
