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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/