Stocks & Investing

[Oliver the Second]

Congratulations! Now you can drop the chocolate gold coins and move up to the bullion!

[Oliver the Second]

APMEX Imposes $10K Minimum To Curb Demand Due To Record Gold & Silver Highs

   

APMEX said unprecedented order volumes tied to repeated record highs in gold and silver have pushed operational capacity to the point that it is instituting a $10,000 minimum order to "help keep volumes down and improve service levels," alongside broader fulfillment and product-availability controls.

In a customer letter, CEO Ken Lewis described the last two weeks as historic, citing multiple record highs for both metals and a surge in demand "unlike anything we've seen in years," driven by global uncertainty, inflation concerns, and renewed interest in hard assets, with inflows from both new customers and returning investors adjusting positions.

"This level of demand brings real challenges across the entire industry. Supply is tight, order volumes are elevated, and service channels are under pressure. Many firms are struggling to keep pace. In moments like these, the difference between providers becomes clear," he explained.

https://thedeepdive.ca/apmex-imposes-10k-minimum-to-curb-demand-due-to-record-gold-silver-highs/

[JOE]

I almost bought a rare Gold coin for $2500 US.

But luckily, I decided to pull back & cancelled the order.

There's a point at which a hobby starts to become an addiction.

so thankfully I realized it had reached a boiling point and decided to STOP.

Actually what I learned is that anything can become an addiction and toxic even if it's perfectly legal.

The trick is to know when to quit and walk away from it.

It's been fun while it lasted.

However I decided to quit this habit.

[JOE]

Im a Flipper myself.

I usually give a stock or etf up to 3 months tops to perform.

And if they don't go up in value or go down, I sell them.

Ive come to the conclusion if you are a small investor then you should treat your stock portfolio like a a Country General Store.

Hang onto that which increases your net wealth. But sell that which underperforms. It actually costs you money to hold onto a poor performer just like the store owner who hangs onto inventory that doesn't sell and uses up store or shelf space.

Better to buy a stock that increases in value than one which doesn't instead

I sold Brookfield and Telus the other day for underperformance.

Can or fire them if they don't do well.  An investor owes these corporations nothing, so don't worship them as such.