Recession trends continue to impact Wall Street and the World Markets. With newly elected President Barack Obama now in the White House, Wall Street hopes for a fresh start. However, many reports point to a deepening recession. Concerned investors continue their interest in physical bullion as a haven from the tumultuous market. There is no time like the present to put precious metals in your portfolio and protect your financial future. A surge in the market late in the week opened the door for big gains in the precious metals market.
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 $837.00. The high during the week was at the close of the market on Friday January 23rd, at $901.60, while the low for the week occurred on Tuesday January 20th, at $823.60. This week, concerned investors placed their hopes in 2009 1 oz Gold American Eagles, 2009 1 oz Gold Maples, 1/10th oz. Gold Maples, 1/10th oz. Gold American Eagles and 2.5 gram Gold Pamp Suisse Bars.
Silver:
Spot Silver prices opened last week at $11.10. The low for silver occurred on Tuesday January 20th, 2009 at $10.92. Silver ended the week up at $12.06 at the final closing bell. 1 oz. Silver Maple 2010 Vancouver Winter Olympic Commemorative Coins, 1 oz Silver Buffalo Rounds, 2009 Silver Maple Leafs , and 2009 Silver American Eagles were very large movers in the market.
Platinum:
Spot Platinum prices opened last week at $949.00, but ended the week up at $9.64. Investors were eager to purchase Platinum, primarily securing 1 oz. Platinum Credit Suisse Bars.
Palladium:
Spot Palladium prices opened this week at $183.00, and ended the week up at $201.00. Palladium products continue to be in great demand and very hard to come by. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars were hot items. Again, these bars will not last long due to popular demand and very limited supply.
Numismatics:
A number of our numismatists attended the Hot Springs (Arkansas) coin show this past weekend. The buying activity level at the show was strong for all bullion-related items. Morgan Silver Dollars and Peace Silver Dollars were very much in demand. Early Lincoln Cents were aggressively priced and many dealers reported strong sales, a trend that has been continuing for the past few months. Proof and Mint Sets were very active; First Spouse Gold Coins were on many want lists.
The rare coin market is healthy but somewhat spotty; there is significant strength in many areas, but not all. Another issue that is affecting the market is the release of the Saint-Gaudens High-Relief Double Eagle Bullion coin. Many dealers and collectors are ordering as many pieces as possible and that affects the cash flow in the marketplace.
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 $837.00. The high during the week was at the close of the market on Friday January 23rd, at $901.60, while the low for the week occurred on Tuesday January 20th, at $823.60. This week, concerned investors placed their hopes in 2009 1 oz Gold American Eagles, 2009 1 oz Gold Maples, 1/10th oz. Gold Maples, 1/10th oz. Gold American Eagles and 2.5 gram Gold Pamp Suisse Bars.
Silver:
Spot Silver prices opened last week at $11.10. The low for silver occurred on Tuesday January 20th, 2009 at $10.92. Silver ended the week up at $12.06 at the final closing bell. 1 oz. Silver Maple 2010 Vancouver Winter Olympic Commemorative Coins, 1 oz Silver Buffalo Rounds, 2009 Silver Maple Leafs , and 2009 Silver American Eagles were very large movers in the market.
Platinum:
Spot Platinum prices opened last week at $949.00, but ended the week up at $9.64. Investors were eager to purchase Platinum, primarily securing 1 oz. Platinum Credit Suisse Bars.
Palladium:
Spot Palladium prices opened this week at $183.00, and ended the week up at $201.00. Palladium products continue to be in great demand and very hard to come by. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars were hot items. Again, these bars will not last long due to popular demand and very limited supply.
Numismatics:
A number of our numismatists attended the Hot Springs (Arkansas) coin show this past weekend. The buying activity level at the show was strong for all bullion-related items. Morgan Silver Dollars and Peace Silver Dollars were very much in demand. Early Lincoln Cents were aggressively priced and many dealers reported strong sales, a trend that has been continuing for the past few months. Proof and Mint Sets were very active; First Spouse Gold Coins were on many want lists.
The rare coin market is healthy but somewhat spotty; there is significant strength in many areas, but not all. Another issue that is affecting the market is the release of the Saint-Gaudens High-Relief Double Eagle Bullion coin. Many dealers and collectors are ordering as many pieces as possible and that affects the cash flow in the marketplace.
