Why Has the U.S. Mint Suddenly Raised the Price of One Ounce Silver Coins to $169?
(economiccollapse.report)
Comments (6)
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Because Daddy Morgan told them to stop buying Comex silver bars.
If this isn’t the biggest buy signal ever I don’t know what is.
Buy it if you can find any. Most coins at my regular place are out!
APMEX still has plenty at about 10% over spot. I have used them for years and they are very reliable.
I'm just curious how this all works.
Looks like APMEX will sell you silver in small quantities, but if you want to sell it back later, they have a $10k minimum to buy it back. I see hedging for a dollar crash, but if you can never sell in small quantities then it's less attractive as an investment.
Am I missing something?
Well it’s not usually a $10k minimum. They imposed this about 2-3 days ago to lower ticket numbers. Also if you request a check instead of electronic transfer they will take below $10k if I am not mistaking.
Also usually you can place an order of any size or dollar amount but now it’s a minimum of $500. These past couple weeks buying has been at record levels for allot of venders and they are all getting slammed.
One more thing…. APMEX is not the only guy that buys silver. There are ALLOT of options.
This is a duplicate post, fren. Sorry.