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Corsair
Penny Hoarding Member
811 Posts |
 Posted - 07/03/2009 : 22:15:43
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Hey guys-
I just went through and made my first ever purchase at APMEX. I got a few silver bars. They had a "July 4th Blowout Sale", and of course silver is low, so I had to jump on it. I just wanted to say thanks for all of the good information, enjoyable time and business that this forum has provided for the past however-many months I've been here. Any advice on APMEX or other bullion purchasers? Anyone else buying this weekend?
Thanks a lot,
David
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So long, Realcent 1. Come visit us at Realcent.org! |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 07/03/2009 : 22:21:23
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| Going to be purchsing a few kilo bars if we hit a spot of $12.00. But I have been looking for awhile. Wish their shipping was cheaper on smaller purchases, what ya gonna do? I'm sure they dont want to waste the labor packing 1000 $20 orders every day... |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/03/2009 : 22:25:33
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| Congrats on the first purchase! Advice is differnt for everything you buy, so just post before you buy a certain item if you want advice : ) |
Copper Penny Investing
www.portlandmint.com |
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 07/03/2009 : 22:27:04
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quote:
Originally posted by oober
Going to be purchsing a few kilo bars if we hit a spot of $12.00. But I have been looking for awhile. Wish their shipping was cheaper on smaller purchases, what ya gonna do? I'm sure they dont want to waste the labor packing 1000 $20 orders every day...
Oober, do you see silver going that low? Or are you just hoping? |
So long, Realcent 1. Come visit us at Realcent.org! |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/03/2009 : 23:21:31
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quote:
Originally posted by Corsair
quote:
Originally posted by oober
Going to be purchsing a few kilo bars if we hit a spot of $12.00. But I have been looking for awhile. Wish their shipping was cheaper on smaller purchases, what ya gonna do? I'm sure they dont want to waste the labor packing 1000 $20 orders every day...
Oober, do you see silver going that low? Or are you just hoping?
As long as im still trying to sell my 19oz here on the forum...there is no bottom to silver 
I listed them at $16 when silver kept going up up up. The next day big loss. So I changed my price to $15.50. Next day big loss! Changed my price to what it is now. Silver still dropping... |
Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 07/03/2009 23:22:36 |
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ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 07/03/2009 : 23:32:53
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quote:
Originally posted by highroller4321
quote:
Originally posted by Corsair
quote:
Originally posted by oober
Going to be purchsing a few kilo bars if we hit a spot of $12.00. But I have been looking for awhile. Wish their shipping was cheaper on smaller purchases, what ya gonna do? I'm sure they dont want to waste the labor packing 1000 $20 orders every day...
Oober, do you see silver going that low? Or are you just hoping?
As long as im still trying to sell my 19oz here on the forum...there is no bottom to silver
I listed them at $16 when silver kept going up up up. The next day big loss. So I changed my price to $15.50. Next day big loss! Changed my price to what it is now. Silver still dropping...
I just sold a bunch of 40% halves- that usually signals a steep climb so you may be in luck. HH Mark |
"54/54/2280" |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 07/04/2009 : 00:10:14
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| $12.00 is as possible as $18.00. I think it may hit $12.00 before it hits $18.00 though... |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 07/04/2009 : 12:38:23
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quote:
Originally posted by Corsair
Hey guys-
I just went through and made my first ever purchase at APMEX. I got a few silver bars. They had a "July 4th Blowout Sale", and of course silver is low, so I had to jump on it. I just wanted to say thanks for all of the good information, enjoyable time and business that this forum has provided for the past however-many months I've been here. Any advice on APMEX or other bullion purchasers? Anyone else buying this weekend?
Thanks a lot,
David
Congratulations on your first purchase.
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 07/04/2009 : 17:20:05
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| great going on your first buy from APMEX. I have order from them and had good luck from them. I am waiting now for a down trend in price. I have been wrong before and will be again |
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copperbullion
Penny Pincher Member
Australia
136 Posts |
Posted - 07/05/2009 : 02:38:59
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| Congrats. If you are investing long term, the current price movements don't matter. |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 07/05/2009 : 03:16:23
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^
Weak hand versus strong hand mentality.
Of course, even strong hands consolidates & trades from time to time.
I still have to move a lot of 40%. Prolly should have done it when the price was higher (hindsight 20/20). I would really like to turn it into GAEs + 1GAE, but unless the G/S ratio drops, wont happen. For now, I just gotta wait until the price heads back up. Still, I'm not worried or concerned at all. |
Edited by - buyingsilvers on 07/05/2009 03:22:55 |
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Nickelless
Administrator
USA
5580 Posts |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 07/05/2009 : 09:11:26
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| Congrats! APMEX is a first-class outfit. You might be able to buy from others a bit cheaper (with shipping charges), but in general, I find them very competitive. I've bought from them many, many times and never have had a problem yet! |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/05/2009 : 09:26:00
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| Apmex is a good company. But it's always best to shop around, it can save you hundreds. or buy you even more. |
Trolling is an art. |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 07/05/2009 : 21:43:08
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| Yeah, I went ahead and pulled the trigger also. After watching the Ag spot dip under 13.50, it seemed to be a good time to order another 20 ounces. I really like APMEX a lot. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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orionstarman
Penny Pincher Member
USA
106 Posts |
Posted - 07/09/2009 : 17:28:01
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quote:
Originally posted by Corsair
Hey guys-
I just went through and made my first ever purchase at APMEX. I got a few silver bars. They had a "July 4th Blowout Sale", and of course silver is low, so I had to jump on it. I just wanted to say thanks for all of the good information, enjoyable time and business that this forum has provided for the past however-many months I've been here. Any advice on APMEX or other bullion purchasers? Anyone else buying this weekend?
Thanks a lot,
David
Well, I also just made my first purchase from APMEX. After months on this forum and listening to Peter Schiff and Gerald Celente I have come to believe that things are going to get worse before they get better. So, I took a loan out against my 401k to buy some silver, about $4500 worth. It not much but, I suppose that it's more than most people have. Was this a smart move on my part? I don't know only time will tell. But, I had to do something. If inflation goes up, and I don't lose my job than I should win on two fronts. The price of silver should go up and I would be paying back the loan with devalued $$$. |
Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.--Benjamin Franklin
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/09/2009 : 17:55:26
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| Should also try looking into BullionDirect.com Can buy most PM's very cheaply above spot. |
Trolling is an art. |
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orionstarman
Penny Pincher Member
USA
106 Posts |
Posted - 07/09/2009 : 20:17:35
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quote:
Originally posted by Neckro
Should also try looking into BullionDirect.com Can buy most PM's very cheaply above spot.
I did a little research on BD and it looks like they are having a few problems over there. If they say they have it in stock and they have your money in hand then it should not take more than a few days to ship your order. Many people don't mind waiting a little longer for a better price but, it sounds like their operation is a little shaky and I just would not trust them. |
Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.--Benjamin Franklin
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 07/11/2009 : 22:33:55
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quote:
Originally posted by orionstarman
Well, I also just made my first purchase from APMEX. After months on this forum and listening to Peter Schiff and Gerald Celente I have come to believe that things are going to get worse before they get better. So, I took a loan out against my 401k to buy some silver, about $4500 worth. It not much but, I suppose that it's more than most people have. Was this a smart move on my part? I don't know only time will tell. But, I had to do something. If inflation goes up, and I don't lose my job than I should win on two fronts. The price of silver should go up and I would be paying back the loan with devalued $$$.
As the old cliche goes, only time will tell if you made a smart move or not. If silver takes off and the stock market stays in the crapper, you will probably be glad you did this. Financial "wizards" such as Bob Brinker and Dave Ramsey will strongly advise against taking out a loan on your 401k to make such investments. They will say by doing this you are minimizing the "magic of compounding."
I don't think it is a bad move at all, especially since silver is on the decline at the moment. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
Edited by - Silver Surfer on 07/11/2009 22:35:41 |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/11/2009 : 22:39:14
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quote:
Originally posted by orionstarman
quote:
Originally posted by Neckro
Should also try looking into BullionDirect.com Can buy most PM's very cheaply above spot.
I did a little research on BD and it looks like they are having a few problems over there. If they say they have it in stock and they have your money in hand then it should not take more than a few days to ship your order. Many people don't mind waiting a little longer for a better price but, it sounds like their operation is a little shaky and I just would not trust them.
Took me 1 working day to ship from request. 100+ Ounce order. I never had an issue with them |
Trolling is an art. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 07/11/2009 : 22:48:13
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quote:
Originally posted by orionstarman
I did a little research on BD and it looks like they are having a few problems over there. If they say they have it in stock and they have your money in hand then it should not take more than a few days to ship your order. Many people don't mind waiting a little longer for a better price but, it sounds like their operation is a little shaky and I just would not trust them.
May I ask where you found information that BD is having problems? They were slow to ship when the spot price plummeted last year, but almost everybody was. Much of that had to do with various mints pushing back orders. BD had plenty of notices up about it, and the president of the company offered an update each week on the status of certain products. In the rare cases where they could not provide the products that were ordered, they offered upgrades to more expensive products, or other substitutions plus cash to make up the difference. I have used the company on many occasions, for both catalog orders and Nucleo exchange orders, and have never had a problem. |
Nate
The Copper Cave
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Made my first purchase at APMEX
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