Friday, September 23, 2011

APMEX Sells Out of Silver Eagles, Increases Premium on Oct 7th Future Orders

*Update:  APMEX has raised premiums AGAIN to $3.99 (for qty>500) for expected Oct 7th inventories
In shades of 2008...

Clearly physical demand is plummeting today, hence the 17% (30% 2-day) sell-off in silver.
And by clearly plummeting, we mean physical demand is skyrocketing. 
(Just what you would expect when an asset is correcting by 30%...skyrocketing demand... right?  Right??

APMEX is now SOLD OUT of 2011 Silver Eagles, and has increased premiums for their future (Oct 7th expected delivery of silver eagles)

2011 1 oz Silver American Eagle(Oct 7th)
As low as $3.69 per coin over spot!
These items are on a slight delay. We expect to be able to ship these coins by October ...
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Availability: 10/7/2011
APMEX Buy Price - $32.36
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