APMEX

[welderwannabe]

We all know APMEX's premiums have been out of sight last few years. I have gotten them to price match Gold, but when they do I have discovered their spot price is often $10-$15 higher than competitors.

For example, right now APMEX spot price is showing $2033.60. Monument metals is $2022.00, and Kitco is 2020.40.

What gives? Are they scamming us? Choosing to use a different market to quote spot on to pad their bottom line?

I'd like to continue doing business with them, but they're making it hard. Whats everyone else doing?

[snedgar]

I have had 100% positive experience using California Numismatic Investments (aka golddealer.com) for many years / transactions.

[Xan]

Sounds like the thing to do is buy from other dealers and sell to APMEX!

[pmbug]

...
For example, right now APMEX spot price is showing $2033.60. Monument metals is $2022.00, and Kitco is 2020.40.
...

$2,032.60 USD ... Ask: $2,032.60 USD Bid: $2,022.60 USD

https://www.apmex.com/gold-price

Looks like Apmex is quoting the Ask price and Monument/Kitco are quoting the Bid price. There is a ~$10 spread at the moment.

[welderwannabe]

Looks like Apmex is quoting the Ask price and Monument/Kitco are quoting the Bid price. There is a ~$10 spread at the moment.

Whenever I check kitco there is $1 diff between bid/ask spread. I just checked now, bid 2018.8, ask 2019.8.

[pmbug]

I'm not positive, but it looks like Apmex might be quoting the Comex GC contract prices instead of the spot price.

GC contracts:

https://finviz.com/futures_charts.ashx?t=GC&p=d

Spot:

https://www.kitco.com/charts/livegold.html

[pmbug]

FYI - Apmex has a good deal on 1 gram gold bars right now - at "spot" (or at least what Ampex says is spot):

https://www.apmex.com/product/287791/1- ... =pmbug.com

Even though Apmex is quoting a spot higher than what most people expect, without any premium added, this is still a good deal.

[ppnewbie]

FYI - Apmex has a good deal on 1 gram gold bars right now - at "spot" (or at least what Ampex says is spot):

https://www.apmex.com/product/287791/1- ... =pmbug.com

Even though Apmex is quoting a spot higher than what most people expect, without any premium added, this is still a good deal.

Saw this today. Was too late. I tried to buy 60.

[pmbug]

I checked just now and it looks like the deal is still live. I'm able to add 60 to my cart.

[ppnewbie]

I checked just now and it looks like the deal is still live. I'm able to add 60 to my cart.

Are you logged in?

[ppnewbie]

I checked just now and it looks like the deal is still live. I'm able to add 60 to my cart.

Are you logged in?

Going to try. I also see this at the bottom.
---
Product Details
Any quantity only $0.00 per bar over spot

New Customer Offer!
1 gram Gold Bar AT SPOT!

Limit 1 per customer. <---
Available only for new APP customers. <---
---
Lets me load it into a car but wont let me proceed to checkout. Also I added something else to my cart and it let me "proceed to checkout". I'll call them tomorrow to see if I can buy.

[pmbug]

... Are you logged in?

Sorry, no, I was not logged in when I tested.