Apmex seeks to buy ANY QUANTITY OF SILVER COINS AT $3 OVER SPOT

Apmex Starts Reverse Inquiry: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot

Posted By admin On April 26, 2011 @ 2:37 am In Money Watch | 22 Comments

Tyler Durden
Zero Hedge ^[1]
April 26, 2011

Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post ^[2]speculating about a possible silver shortage at the metals distributor, launched a "reverse ïnquiry" in which it will pay "you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!" and "We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!" So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session.

 ^[3]

Stock up with Fresh Food that lasts with eFoodsDirect (AD) ^[4]

 ^[5]

---

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/apmex-starts-reverse-inquiry-seeks-to-buy-any-quantity-of-silver-from-clients-at-3-over-spot.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/apmex-starts-reverse-inquiry-seeks-buy-any-quantity-silver-clients-3-over-spot

[2] earlier post : http://www.zerohedge.com/article/apmex-out-silver-eagles-until-may-13

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bernanke/Apmex%20solicitation.png

[4] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[5] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC35/PR