No silver left in town!

[number22]

I wish silver price keep dropping. I need to buy some coins, just waiting for right price, local dealers are start charging ridiculous premium now(to order, no inventory).

 

[peilthetraveler]

Quote from jprad:

Dunno, these guys seem to have silver bars and rounds in stock or will over the next few weeks.

http://www.apmex.com/Category/754/Silver_Bars__RoundsBrand_New_Only.aspx

Let me guess, you're going to bitch about their prices, right?

Sunshine mint produces so many thousand ounces per week. Of course somebody is going to get them, but the fact that any one of us calls and tries to pick up 1k oz of silver, we absolutely can not do it. What this says is that all the big firms are buying up so much of their silver, they can not meet all the orders so they cant take any new ones until maybe september. This is also shown the limited supply when you go to the local coin shops and they cant pick up the silver. Of course the big guys will be the last to run out of silver and then thats it...demand will push the silver prices to insane levels.

 

[athlonmank8]

Who cares? You're long silver. Big deal? You guys act like it's going to somehow save your lives or something. It's a piece of metal. You guys are so nuts, if there were a shortage of iron ore, you would have steel beams sitting in your front yard the very next day.


"McD's was out of Cheeseburgers last night. I freaked out, went to Wendys and bought as many double stacks as I could. "

 

[Martinghoul]

Quote from peilthetraveler:
I went out today hoping to pick up some silver and there was very little silver to be bought. One shop I went to had only 15 1-oz rounds and 1 100-oz bar.

Another shop, only 10 to 15 oz of silver. They said alot of people came in buying last week. One guy said he ordered last week and hoped to get more on friday. Another said it was a 2 to 4 week wait to get 500 ounces.

Anyone else having problems getting silver in their town?

Let me guess... You must be long then?

 

[zdreg]

Quote from number22:

I wish silver price keep dropping. I need to buy some coins, just waiting for right price, local dealers are start charging ridiculous premium now(to order, no inventory).

thx for the silver buy signal.

 

[Hydroblunt]

Quote from jprad:

Dunno, these guys seem to have silver bars and rounds in stock or will over the next few weeks.

http://www.apmex.com/Category/754/Silver_Bars__RoundsBrand_New_Only.aspx

Let me guess, you're going to bitch about their prices, right?

They also are paying $3 over spot to buy your silver eagles, which is unheard of. Expect a 3 week delay, at the very least, on your orders.

Yes, their prices have gone up significantly over the last few years.

 

[ogarbitrage]

Quote from Hydroblunt:

They also are paying $3 over spot to buy your silver eagles, which is unheard of. Expect a 3 week delay, at the very least, on your orders.

I don't see any posted bids.

 

[Hydroblunt]

Quote from ogarbitrage:

I don't see any posted bids.

I would post a link, but then I thought about how obvious it is to see where their buy price is listed right when you go into their Silver Eagle category, and I said why bother.

I will correct myself by noticing that they have dropped their bids by a buck and originally they sent out an email to all their customers advertising their $3/spot about two weeks ago. Regardless, I would never sell to them, real bids are at $5 over spot.

The dealers are getting their allotments by US Mint this week, should be interesting to see how quick it sells out.

 

[shortie]

Quote from athlonmank8:

Who cares? You're long silver. Big deal? You guys act like it's going to somehow save your lives or something. It's a piece of metal. ...

exactly.

i heard that there is plenty of silver on Mars.

and there is NO shortage of scrap silver http://www.elitetrader.com/vb/showthread.php?s=&postid=3179705#post3179705

 

[ogarbitrage]

Keep bidding up those tulips.

Quote from Hydroblunt:

I would post a link, but then I thought about how obvious it is to see where their buy price is listed right when you go into their Silver Eagle category, and I said why bother.

I will correct myself by noticing that they have dropped their bids by a buck and originally they sent out an email to all their customers advertising their $3/spot about two weeks ago. Regardless, I would never sell to them, real bids are at $5 over spot.

From their own website:
APMEX Buy Price - $40.35*
APMEX Sell Price for 1 coin: $45.36

*The buy price is for transactions exceeding $10,000.00. For transaction of less than $10,000.00 the price paid will be at the discretion of APMEX and may be less than what is displayed here.

May silver futures for physical delivery: 38.505 bid / 38.53 ask