If you're looking for a great deal to take advantage of this week's drop in precious metals prices, then look no further.
We have 3,500 ounces of back-dated Silver American Eagles that we're offering for only $2.29 over spot with a check or $2.65 over spot with a credit card.
We expect a rapid sellout of this inventory, so we're only offering this to those who have signed up for our email notifications and these won't be available online.
Call now at 1-800-928-6468 or email your advisor and we'll lock in your trade in real-time. This offer will not be available online.
Orders of twenty will come in unopened mint-rolls and orders of 500 will come in sealed mint cases.
So what caused the drop in gold and silver prices this week?
After spiking to near $20 an ounce late last week, the spot price of silver has fallen to nearly $17.
The broad selloff in the metals complex appears to have been triggered by a massive "paper dump" of gold in the futures market on Monday. We've read reports stating that in the first 30 minutes of Comex floor trading, 3.2 million ounces of paper gold "bombs" were dropped and roughly 27,000 contracts (27 Million ounces!!) of paper gold were dumped by the end of the day.
We can't emphasize enough how far from reality
these paper trades are. W
e would like to see
just
a million ounces of physical gold
in one place
, much less 27 million ounces sold
on the market
all at once.
History has shown that it's irrational moves like this that offer investors great buying opportunities. If you would like to add gold or another precious metal to your portfolio, give us a call for up to the minute pricing and availability.
Ryan Denby
President and CEO
Austin Rare Coins & Bullion
