Tinfoil at APMEX?

[MetalsMan]

OK, so today I just ordered some 1 oz Sunshine Silver bars at APMEX.com

I select "bank wire" for method of payment.

The directions tell me to wire the flo to "JP Morgan Chase Bank."

I'm like... WTF!!!??? :o :o :o

Isn't JP Morgan the firm that is shorting silver like crazy?

Now I'm all paranoid and trippin' about my purchase of silver from the DEVIL's minions.

Should I cancel my order and buy the 10 ounces elsewhere? ;D

http://www.jessicadunton.com/blog/TinfoilHat.jpg

[1970 Silver Art]

Hmmmm............Is APMEX is sleeping with the enemy? Seems that way to me but would it be any different if APMEX used another bank to do the wire transfers? Aren't all big banks the enemy of silver?

[MetalsMan]

Hmmmm............Is APMEX is sleeping with the enemy? Seems that way to me but would it be any different if APMEX used another bank to do the wire transfers? Aren't all big banks the enemy of silver?



Yeah, they're in Oklahoma and used to use an Oklahoma Bank.

Now they're with JP Jorgan Chase Bank in NEW YORK CITY.

[Quantum]

APMEX is now the enemy.

Anyone who works with JP Morgan Chase is not our friend...nor do they deserve our business.

[sunshine05]

Thanks for letting us know. That's where I've ordered most of my sliver from in the past. Where can I order from now? Who to trust?

[cedarchopper]

It's all FED credit, no different who it comes from really. All banks and credit unions are branches of the FED tree.

[Quantum]

It's all FED credit, no different who it comes from really. All banks and credit unions are branches of the FED tree.


JP Morgan Chase gets a bigger cut if they are the first intermediary.

I don't trust anyone who banks with a criminal operation like JPMC. There's dozens of local or regional institutions in Oklahoma City who could handle APMEX's needs, but they choose the worst possible one on the entire planet.

[1970 Silver Art]

Thanks for letting us know. That's where I've ordered most of my sliver from in the past. Where can I order from now? Who to trust?


I buy most of my silver locally at coin shows and local coin dealers. I used to buy silver from APMEX but I quit buying from them because I am a silver art bar collector that is looking for specific silver art bars. The last time that I bought anything from APMEX was in Summer 2008. I did not know anything about APMEX doing business with JPM until today. That is news to me.

[sunshine05]

Thanks for letting us know. That's where I've ordered most of my sliver from in the past. Where can I order from now? Who to trust?


I buy most of my silver locally at coin shows and local coin dealers. I used to buy silver from APMEX but I quit buying from them because I am a silver art bar collector that is looking for specific silver art bars. The last time that I bought anything from APMEX was in Summer 2008. I did not know anything about APMEX doing business with JPM until today. That is news to me.




Yeah. That's the first I heard of that too. I really liked buying from APMEX.

[k-os]

I have bought a few items from APMEX, always a good transaction.

However, I don't think I can continue buying from them if they bank with JP Morgan Chase.

It's a shame.

[mick silver]

i stop buying from them last year there better deals in town . plus i alway use a credit card and pay it off when it come in and apmex hammer anyone using a cc

[Defender]

This came out a while back on the old site. Along with that they've moved into the old OK City Federal building.

[SeekYeFirst]

Thanks for the heads up. I think the local coin shops are often a better deal. However, mine rarely has bullion in. A friend finally bought an open box of SAE from tulvin* and shared some at cost with a few locals. That was good. Would be nice if we could trust the members enough to do a group buy....

[MetalsMan]

This came out a while back on the old site. Along with that they've moved into the old OK City Federal building.



Yeah, I now remember that was posted on GIM1.

They moved into the old Federal Reserve building in Oklahoma City right?

I'm cancelling my order and buying somewhere else...

[jedemdasseine]

And too close to GIM. You want GIM rounds? Give us your personal info, and we'll forward it to the Freemason Weather Modifying Government Employed GIM Big Boss.

[Horn]

And too close to GIM. You want GIM rounds? Give us your personal info, and we'll forward it to the Freemason Weather Modifying Government Employed GIM Big Boss.


I'm only offered coins with Queen's head on them here, do they let you own eagles, or krugs over there?

[Mouse]

GIM rounds is a tight market. If you hold them you should get rid of them. They are cursed. No dealer will touch them, they are scourge. I don't know why, but we can all guess.

[Defender]

GIM rounds is a tight market. If you hold them you should get rid of them. They are cursed. No dealer will touch them, they are scourge. I don't know why, but we can all guess.
If people send theirs to me I will have any GIM curses removed and I will make sure the rounds cause no more masonic harm. And I'll even do it without charging the usual fee - just cause I love you guys so much.

I'm in particular need of 2007 samples to help balance my anti-masonic deconverginator. They're the most dangerous as they've been around the longest and have built up the biggest charges.

[Olmstein]

My local coin shop banks at Chase bank. Should I stop going there?

[gunDriller]

APMEX is now the enemy.

Anyone who works with JP Morgan Chase is not our friend...nor do they deserve our business.

well, you could go with Bank of the West, or another division of BNP Paribas. they probably have banks all over the US.

i gave them a try on a recommendation. they (bank of the west) were running a scam. they offer 4% on the phone for new accounts.

but it's only for 30 or 90 days, i forget.

what i do remember is how disgusted i felt, at Bank of the West's dishonesty.

[Awoke]

And too close to GIM. You want GIM rounds? Give us your personal info, and we'll forward it to the Freemason Weather Modifying Government Employed GIM Big Boss.

You said it, Jedem. I was just going to post about how we were forced to reveal our personal identity and link it with our username, in order to buy our rounds.

What a sucker I am. I did it twice, and both times I remember thinking "This could be data mining, but I doubt it, because the GIM founders stand for everything I stand for"....

[JohnQPublic]

Yeah, they're in Oklahoma and used to use an Oklahoma Bank.

Now they're with JP Jorgan Chase Bank in NEW YORK CITY.



If they were selling salsa, we would hang 'em high! :D


http://www.youtube.com/watch?v=mSxnieYctVM

[Awoke]

This came out a while back on the old site. Along with that they've moved into the old OK City Federal building.



Yeah, I now remember that was posted on GIM1.

They moved into the old Federal Reserve building in Oklahoma City right?

I'm cancelling my order and buying somewhere else...


I believe Kitco is in the process of revamping their payment policy to make it easier/more accessable and less complicated.

They have lost thousands of dollars of business with me, due to their current policies, but their marketing department contacted me and conducted a customer satisfaction interview with me, and I made it clear that they need to "get in the know" with their payment options.

When they do finally implement the new payment policy, I wil be ordering from them to celebrate.

Anyways, if you don't mind meeting their current stipulations for making payment (https://online.kitco.com/sellprice/Ordr_Faq.htm), you should consider them. All my experience with Kitco has been positive up to this point.

[Quantum]

My local coin shop banks at Chase bank. Should I stop going there?


Yes. Ask him what his excuse is. There isn't a legitimate one, save maybe stupidity.

[Defender]

Has Apmex truly gone over to the dark side? Now they're selling "First Strike" SAE's:
http://www.apmex.com/Product/57962/2006_Silver_American_Eagles___20_Coin_Sealed_PCGS_ Tubes_FS___BU.aspx


20 X 2006 FIRST STRIKE Silver American Eagles Sonically Sealed and housed in a Crystal PCGS Tube! Each coin is graded Brilliant Uncirculated by the Professional Coin Grading Service. Very Nice!

[JohnQPublic]

My local coin shop banks at Chase bank. Should I stop going there?


Yes. Ask him what his excuse is. There isn't a legitimate one, save maybe stupidity.


Chase took over a lot of local banks in 2008 (and 2009?). I know some people where I live had their bank changed, and suddenly they are banking with Chase. I see a lot of Chase signs popping up. One bank they gobbled was pretty big, but I can't remeber its name.

[sirgonzo420]

My local coin shop banks at Chase bank. Should I stop going there?


Yes. Ask him what his excuse is. There isn't a legitimate one, save maybe stupidity.


Chase took over a lot of local banks in 2008 (and 2009?). I know some people where I live had their bank changed, and suddenly they are banking with Chase. I see a lot of Chase signs popping up. One bank they gobbled was pretty big, but I can't remeber its name.


Washington Mutual (WaMu)?

[gunDriller]

speaking of tinfoil at APMex, i notice that when they run out of bullion products, the implied shortage tends to be an inducement to buying.

so, i can't help but wonder if they reduce stated inventory or hold coins back to give people the motive to buy.

in conclusion, i know some un-ethical businesses (Goldman Sachs) would do things like this, but i don't think APMex does.

[sunshine05]

I actually ordered more silver coins from them today. (Actually my husband ordered and wrote out the check before I had a chance to research other places.) Their prices did seem better and we have ordered from them before with no problems.

[Quantum]

Chase took over a lot of local banks in 2008 (and 2009?). I know some people where I live had their bank changed, and suddenly they are banking with Chase. I see a lot of Chase signs popping up. One bank they gobbled was pretty big, but I can't remeber its name.


I closed my WaMu account the day after the FDIC announced the controlled demolition of Washington Mutual. That was only a tertiary, ubiquitous, "easy-access" account. My primary institution has always been local.

IIRC, APMEX moved from a local Oklahoma bank to Chase.

[1970 Silver Art]

The only time that I would order from APMEX would be if they were selling any '70's silver art bars that I was looking to collect for a decent premium over spot.

[mick silver]

silver art i am going to have to look though my silver and sell you some art bars one day ... i think i have some thing like hundred or so

[gunDriller]

I actually ordered more silver coins from them today. (Actually my husband ordered and wrote out the check before I had a chance to research other places.) Their prices did seem better and we have ordered from them before with no problems.


they had a good deal on Eagles. $1.79 over spot, something like that.

[JohnQPublic]

speaking of tinfoil at APMex, i notice that when they run out of bullion products, the implied shortage tends to be an inducement to buying.

so, i can't help but wonder if they reduce stated inventory or hold coins back to give people the motive to buy.

in conclusion, i know some un-ethical businesses (Goldman Sachs) would do things like this, but i don't think APMex does.


Check out the GSUS-Apmex Precious Metals Retail Supply Index (http://gold-silver.us/forum/gold-silver-precious-metals/apmex-precious-metals-retail-supply-index/)

Just before noon, I saw they were down almost 2700 1 ozt. gold coins, then afternoon they replenished.

"May 20th, 11:17AM PST

Gold: 995 diff = -2,672 (-72.9%)...

Talk about buying on the dip! 2672 ounces of gold (mainly eagles) sold yesterday.
Premiums down a bit, too.

NOTE: At 1:53 PM PST it is up to 2174. They just added some Gold Eagles."

[1970 Silver Art]

silver art i am going to have to look though my silver and sell you some art bars one day ... i think i have some thing like hundred or so


Yeah Mick I am always looking for silver art bars that are on my "wish list". Unfortunately for me, I will have to wait until my next paycheck to look for more silver art bars since I am "FRN Challenged" at the moment. I think that APMEX probably has some silver art bars but they are probably mixed in with their other .999 generic silver and I do not want to buy "blindly" at APMEX. The shipping charges would be big % for me because I am a "small" buyer of silver.

[JohnQPublic]

silver art i am going to have to look though my silver and sell you some art bars one day ... i think i have some thing like hundred or so


Yeah Mick I am always looking for silver art bars that are on my "wish list". Unfortunately for me, I will have to wait until my next paycheck to look for more silver art bars since I am "FRN Challenged" at the moment. I think that APMEX probably has some silver art bars but they are probably mixed in with their other .999 generic silver and I do not want to buy "blindly" at APMEX. The shipping charges would be big % for me because I am a "small" buyer of silver.


I have a few that I won at drawings on a bid board. After closing the owner would give out prizes based on tickets you got. This was the late 80s and silver was $4-5 and ozt. He used to give away art bars and rounds, as well as Franklin Mint and other sterling medals (plus some base metal coins, but hey, it's free).

[1970 Silver Art]

silver art i am going to have to look though my silver and sell you some art bars one day ... i think i have some thing like hundred or so


Yeah Mick I am always looking for silver art bars that are on my "wish list". Unfortunately for me, I will have to wait until my next paycheck to look for more silver art bars since I am "FRN Challenged" at the moment. I think that APMEX probably has some silver art bars but they are probably mixed in with their other .999 generic silver and I do not want to buy "blindly" at APMEX. The shipping charges would be big % for me because I am a "small" buyer of silver.


I have a few that I won at drawings on a bid board. After closing the owner would give out prizes based on tickets you got. This was the late 80s and silver was $4-5 and ozt. He used to give away art bars and rounds, as well as Franklin Mint and other sterling medals (plus some base metal coins, but hey, it's free).


The Franklin Mint was not too bad for someone that liked sterling silver art. I also think that the Hamilton Mint minted some sterling silver art bars (1000 grain size) in 1974 but I will have to check my silver art bar guide on that. A vast majority of the Hamilton Mint bars were .999 1-oz silver art bars that were minted in the '70's. APMEX and other major online bullion dealers more than likely would have those bars in their .999 generic bullion inventory because the Hamilton Mint bars had a large mintage of 10,000 per bar.

I prefer .999 silver art bars over sterling silver art bars. I guess I am just a silver art bar "snob". ;D

[DMac]

From the Wikipedia selection on APMEX (http://en.wikipedia.org/wiki/American_Precious_Metals_Exchange,_Inc._%28APMEX%2 9):

Historical Timeline

1999 - Edmond Coins founded in Edmond, OK
1999 - American Precious Metals Exchange is formed
2003 - The website www.APMEX.com goes live
2004 – APMEX staff increases to 11 employees
2005 – APMEX staff now numbers 19 employees
2006 - APMEX outgrows its original location and moves into a much larger facility in Edmond, Oklahoma
2007 – APMEX staff grows to 53 employees as revenues continue to skyrocket.
2008 – APMEX ends the year with 62 employees and an even larger facility on the same location.
2009 - APMEX begins international shipping with first shipments to Canadian customers.
2009 – APMEX signs agreement with Visual Image advertising agency who will promote the APMEX brand.
2009 – APMEX is now represented by JPMorgan Chase as its banker.
2009 – APMEX signs with the 5th largest auditing firm in the nation - Grant Thornton LLP .
2010 – APMEX leases the site of the former Federal Reserve Bank of Oklahoma City as its new home and moves operations to that location. The massive building was constructed in 1922 to Federal Reserve Bank guidelines. The building is a veritable fortress and may be the most secure location in the state of Oklahoma.