I already posted on this yesterday.
HAHAHA LOL... They want your metal and they will pay over spot price. DO YOU UNDERSTAND WHAT THIS MEANS? No one is selling AND... If apmex is paying over spot to buy your metal, that means that is the ACTUAL price of physical metal.
Buy Phyzz and popcorn. Go to the shooting range on Sundays. Enjoy life, retire early.
Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a “reverse ïnquiry” in which it will pay “you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!” and “We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!” So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session.
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