Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion products and numismatics here at www.APMEX.com.
Gold:Spot Gold prices opened this week at $ 825.00. The high during the week was on Wednesday, December 17th at $883.80, while the low for the week occurred on Monday, December 15th at $821. Gold ended the week up at $840.50. 2008 Gold American Eagles, 1 oz Pamp Suisse Gold Bars and fractional gold like the ¼ oz Gold Maples were all in high demand.
Silver:Spot Silver prices opened last week at $10.29. Active trading pushed spot silver to a high of $11.51 on Wednesday the 17th. The low for silver occurred on Monday at $10.25. Silver ended the week up at $10.94. Silver American Eagles, Silver Buffalo Rounds and 2009 Silver Maple Leafs were hot this week and in limited supply.
Platinum:Spot Platinum prices opened last week at $827.90 but ended the week up at $863.50. Investors were eager to purchase 1 oz Platinum Bars and Platinum American Eagles, though the scarce supply made it difficult to acquire these fine bars and coins.
Palladium:Spot Palladium prices opened this week at $177.00 but ended the week up at $182.10. Palladium products like the 1 oz Palladium Bars continue to be in great demand and very hard to come by.
Numismatics:
When considered in the overall context of such a weak economy, the rare coin market has been amazingly strong.
Although some coin types have shown some slight weakness in price, many coins are holding their value well. It appears that many investors are happier paying a premium for taking physical possession of their numismatic items than they are with buying paper investments. In the rare coin market, Early Lincoln cents are strong, as are better date Morgan silver dollars, and all pre-1933 US Gold coins. Commemorative coins, Washington quarters, Mercury dimes and Jefferson nickels are all quiet. Whether this is the most opportune time to purchase them or if gains are in the immediate future, only time will tell!
