The regal-looking Abyssinian cat – Aby for short – may look like an Egyptian aristocrat and be named after a fallen empire, but their origins are fairly mysterious. While we can’t say for sure exactly ... How do precious metal companies like apmex make money?

Understanding the Context

Is a lot of it from numismatic coins? Or is it done by volume? If so, how many people are buying that much gold/silver? I mean if spot is say $1700 and they're selling it at $1740, that's a very low profit margin.

Key Insights

You'd have to move $100k+ per day to make good money. **edit, well I just read a report from two years ago that apmex does ...