Apmex isn't accepting orders right now! (Might have something to do with tomorrow?)

[Shami-Amourae]

http://www.youtube.com/watch?v=A3RoMqSsvBA

I checked this out and it's true...

[Shami-Amourae]

I'm tempted to buy now, but I dunno if I should wait till markets open. Sucks I have to do something else and wont be around for the market open.

[osoab]

*Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open.


Damn.

[DMac]

Unprecedented for as long as I've watched metals prices. Wow.

Edit to add:
Qty Check or Wire Credit Card
1 - 19 $1,782.79 $1,836.27
20 - 99 $1,777.79 $1,831.12
100 or more $1,772.79 $1,825.97

Current 2011 GAE pricing.

[osoab]

Unprecedented for as long as I've watched metals prices. Wow.

Edit to add:
Qty Check or Wire Credit Card
1 - 19 $1,782.79 $1,836.27
20 - 99 $1,777.79 $1,831.12
100 or more $1,772.79 $1,825.97

Current 2011 GAE pricing.

2011 1/10 gae's @ 200+ each.

[mick silver]

some thing big is about to happen . why would a company stop all sales . think about that for a second are two . is ampex the only one ?

[1970 silver art]

2011 1/10 gae's @ 200+ each.

HOLY COW!!!!!!!

A few years ago that same $200 could buy a 1/4 oz GAE based on the prices that I saw back then.

[mick silver]

hey people check out the price of gold it up ................. 1684.80

[osoab]

some thing big is about to happen . why would a company stop all sales . think about that for a second are two . is ampex the only one ?

bulliondirect and gainsville require login before checking out. They do not say anything about halting sales up until you have to login. I never logged in to check.

[mick silver]

at ampex ...............MetalBidAsk Gold$1,679.80 $1,684.80 http://www.apmex.com/Skins/APMEX/MarketUp.gif $26.80 Silver$38.95 $39.15 http://www.apmex.com/Skins/APMEX/MarketDown.gif ($0.34) Platinum$1,731.50 $1,741.50 http://www.apmex.com/Skins/APMEX/MarketUp.gif $12.10 Palladium$751.00 $756.00 http://www.apmex.com/Skins/APMEX/MarketUp.gif $1.00 Updated:8/6/2011 11:30:00 AM CST

[Dogman]

If fear take hold, expect a wild ride too hell in a hand basket. There is enough shit happening around the world that it would not take much to trigger a global fear and withdraw from the markets. Maybe not the really big players, but who knows?

Metals may go up or down, all of the markets may start digging holes and how deep is anyones guess.

It is going too be a wild ride and I suspect it is going to be a bloody one.

http://asialeadersblog.com/wp-content/uploads/2011/04/global_meltdown.jpg

[mick silver]

Northwest Territorial Mint
Gold Ask$1684.80 when did gold hit this price for spot

[Ponce]

Heheheeheeheheh The train is leaving the station and the sheeps are running to try and get on it chuuu chuu chuuuuuuu.

First post of the day..............good morning to one and all.

[Dogman]

Heheheeheeheheh The train is leaving the station and the sheeps are running to try and get on it chuuu chuu chuuuuuuu.

First post of the day..............good morning to one and all. buenos días señor viejo pedo ;D

[Twisted Titan]

Never let it be said that The Fates are not merciful.

You were able to witness first hand what the day will be like when The Silver Window is slammed shut forever.

No amount of money will get your a ounce more. For none that have it. will sell.


Mark and remember this day welll.......also the feeling in the pit of your stomach.

[Shami-Amourae]

I want a Lady Fortuna (http://www.providentmetals.com/pamp-1-oz-gold-bar-with-assay-card.html) myself. The buy to sell spreads are very tight.
http://www.providentmetals.com/media/catalog/product/cache/1/image/300x/5e06319eda06f020e43594a9c230972d/b/b/bbpg-00565-obv_1.jpg

[solid]

My take on this, is that apmex thinks something big is going to happen with the markets. It makes sense to lock down orders, for two reasons, imo. If the price of PM's skyrocket, like the OP suggests, they hold the physical until things stabilize. However, if the market tanks, it could drag PM prices down with it. In that case, it still makes sense to not take orders beforehand. The people who placed the orders, could try and get out of them if the price falls fast enough. Banks could even close if it's bad enough. So, I could see apmex not wanting any part of that either.

I liken it to a tsunami actually. The waters receed further than normal, before it comes flooding back in.

What I'm curious about, is if the markets do fall off the cliff, the paper price of PM's would most likely get dragged down as well. I think anything traded is at risk. However, the physical price would be nonexistant, nobody would want to sell their physical and hold it close...regardless of the paper price. How would that play out? I really have no idea.

[Dogman]

My take on this, is that apmex thinks something big is going to happen with the markets. It makes sense to lock down orders, for two reasons, imo. If the price of PM's skyrocket, like the OP suggests, they hold the physical until things stabilize. However, if the market tanks, it could drag PM prices down with it. In that case, it still makes sense to not take orders beforehand. The people who placed the orders, could try and get out of them if the price falls fast enough. Banks could even close if it's bad enough. So, I could see apmex not wanting any part of that either.

I liken it to a tsunami actually. The waters receed further than normal, before it comes flooding back in.

What I'm curious about, is if the markets do fall off the cliff, the paper price of PM's would most likely get dragged down as well. I think anything traded is at risk. However, the physical price would be nonexistant, nobody would want to sell their physical and hold it close...regardless of the paper price. How would that play out? I really have no idea. Do agree that with the HUGE uncertainty of what the markets are going to do.

They have pulled back into a "Safe Harbor" until they have a sense of which way the winds are blowing.

[AndreaGail]

very interesting news...

kind of gives off that "rollover"ish sense where it is announced that gold just passed $2,000 and the finance guy says, buy it now, by tonight thatll be cheap

[horseshoe3]

It would really make sense for them to never accept orders anytime the markets are closed. Grain elevators work this way. I can't sell my wheat unless the KCBOT is trading. There is too much risk for the elevator that they would pay me the closing price on Friday and then have the market open down on Monday morning before they could get their sale made.

[Sandblaster]

Just placed a small order from Provident and everything went through fine.

[Uncle Salty]

Hopefully the fun is about to begin. Sure seems that way.

[gunDriller]

they wouldn't stop accepting orders if they were concerned that prices would fall at the open.

[Twisted Titan]

very interesting news...

kind of gives off that "rollover"ish sense where it is announced that gold just passed $2,000 and the finance guy says, buy it now, by tonight thatll be cheap


http://www.youtube.com/watch?v=KUsj7EdZigM&feature=youtube_gdata_player

[osoab]

Apmex is now open for business. Nice hedge on their part on the opening for Au.

[V10Silver]

I'm betting on a gap up I picked up 45 ounces.

[Twisted Titan]

they wouldn't stop accepting orders if they were concerned that prices would fall at the open.

They didn't get to be one if the biggest bullion houses by failing to read the tea leaves.

[chad]

markets back open. silver does nothing. as usual.

[1970 silver art]

markets back open. silver does nothing. as usual.

Currently up $1.57. Not too bad but I have my doubts about if this upward momentum will follow-thru tomorrow. The real test will be when NY trading opens up tomorrow morning and throughout the Monday trading day.

[Sparky]

HOLY COW!!!!!!!

A few years ago that same $200 could buy a 1/4 oz GAE based on the prices that I saw back then.

You could purchase 1/2 ounce GAE for $200 in 2004. Woof!

[1970 silver art]

You could purchase 1/2 ounce GAE for $200 in 2004. Woof!

Good point Sparky. I was not paying attention to metals during that time in 2004 but that makes sense to me since spot gold was at a much lower level in 2004 than now.

[Gaillo]

HOLY COW!!!!!!!

A few years ago that same $200 could buy a 1/4 oz GAE based on the prices that I saw back then.

Dust off those 3 rolls! Shipping time grows near... ;D