13
Oct
Posted by KH » Add Comment »
Kitco Apologize, APMEX Sales Surged 11%
^ Screen captured from Kitco.com, 11 October 11.15pm
Another evidence that physical silver is in crazy demand.
“Due to recent worldwide surge in the demand for precious metals, we are experiencing extraordinarily high transaction volumes. As a result, you may experience delays in some of our services over the coming days.
We apologize for any inconvenience this may cause you. We would like to thank you for your patience and for doing business with Kitco.”
– Kitco.com
In the following video, CEO of APMEX, Micheal Haynes explains the reason behind the current precious metals free fall and the brisk sales that APMEX is currently having.
In short, paper crashed and it sucked the physical down as well.
Recommended readings:
- Disconnect Between Paper & Physical Prices And What We Can Do About It.
- Physical Silver Shortage to Follow Paper Selloff
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