demand for physical silver
posted on
Mar 20, 2008 08:42AM
SSO on the TSX, SSRI on the NASDAQ
the fundamentals for silver bullion and sso stock have not changed at all. every market has corrections, and as revenant said, these are best used as buying opportunities. no matter what the fearmongers and pundits on cnbc say, this is a long-term bull market in commodities, not a bubble.
this morning i received an e-mail from jason hommel saying 19 bullion dealers were exeriencing shortages of silver bullion. that may be just hearsay, but then i received this e-mail from apmex:
(btw, this is not an endorsement of apmex)
Due to the OVERWHELMING demand for precious metals, our online ordering system has been unable to keep up with our customers’ needs. We have had to disable the APMEX ordering system to allow us ample time to upgrade our site to accommodate the increased demand. We apologize for this temporary problem. In the mean time, we will be accepting telephone orders for the following items only as we have them available:
• 1 ounce Gold American Eagles
• 1 ounce Gold Canadian Maple Leafs
• 1 Ounce Gold Krugerrands
• 100 oz Silver Bars
• Misc Generic .999 Fine Silver
• 90% Coin Silver
During this time, we will have a minimum order of $5,000. We regret we have had to make this drastic change to our ordering process and rest assured, we are working expeditiously to correct the problem. As soon as we have our new site up and running, we will notify you via e-mail when you can again place orders online.
You may contact us during normal business hours Monday – Friday 7:30 am – 4:00 pm cst. (800) 375-9006
If you have existing orders with us, we have in-stock all items needed to fulfill your orders and are shipping them as scheduled. Once our new site is functional, we will be able to activate our complete inventory line again.
Respectfully,
Scott Thomas
President & CEO
www.APMEX.com
P.S. We are actively looking for new bullion inventory to purchase. If you have items that total $2,500 or more and are interested in selling, please call our trading offices at the number listed above. We are paying strong numbers for ALL Precious Metals!