APMEX Annual IRS Sale Starts Today

It's time again for our annual "I.R.S." - Inventory Reduction Sale!

In an effort to minimize our inventory we have reduced the price on products throughout our entire website. Products that have undergone a price reduction are marked with a special icon. Wherever you see the stamp, you’ll know the product is included in our “I.R.S.” sale.


Massive Savings And Markdowns

Whether you are looking for Gold, Silver, Platinum, Palladium or Collectible Coins, the APMEX “I.R.S.” sale offers you terrific savings on our overstocked items.

Last Chance To Save Big in 2008!

Our “I.R.S.” sale ends January 1st at 11:59pm. All items are on a first-come, first-serve basis and are sure to go fast, so take advantage of these fantastic savings while you still can. As always, you may make your purchase online 24 hours a day through our secure ordering system. If you have been waiting for the perfect opportunity to buy precious metals or numismatic items, now is the time while prices are reduced.

Weekly Market Recap 12/24/08

With Christmas on the horizon, everything, including the stock market, is closing early to give people time to celebrate and enjoy their families. On this shortened holiday week, we offer a brief synopsis of the highs and lows in the market and an overview of our very popular bullion products and numismatics here at http://www.apmex.com/.

For 2009, the best advice is likely to again be to stick to precious metals and cash to keep safe and hedge on deflation and inflation. There is also a strong possibility that precious metals will have a particularly good 2009 with a continued flight to this safe haven and a breakdown in the futures market. Nothing else has much potential upside.

From everyone at APMEX, we wish you all Happy Holidays and a prosperous new year.

Gold: Spot Gold prices opened this week at $839.40. The high during the week was on Monday at $853.00, while the low for the week occurred on Tuesday at 829.90. Gold ended the week up at $850.40. Gold and silver seem to be the safe investment. Historically, gold has always had a nice return. This year with most stocks down over 50% gold is only down about 20%. Some predict the U.S. economy in 2009 to become worse. If this is the case, I think we will see gold and silver soar to new levels. This week, 2008 1 oz Gold American Eagles, 2009 1 oz Gold Maples and 1 oz Pamp Suisse Gold Bars were all in high demand and very difficult to find.

Silver:
Spot Silver prices opened last week at $10.88. Active trading pushed spot silver to a high of $11.09 on Monday. The low for silver occurred on Tuesday at $10.10. Silver ended the week down at $10.46. 2008 Silver American Eagles, 1 oz Silver Buffalo Rounds, 2009 Silver Chinese Pandas, 2009 Silver Maple Leafs and 1 oz APMEX Silver Bars were hot this week and in limited supply.

Platinum:
Spot Platinum prices opened last week at $858.00, but ended the week up at $866.50 Investors were eager to purchase 1 oz Pamp Suisse Platinum Bars, though the scarce supply made it difficult to acquire these fine bars and coins.



Palladium:
Spot Palladium prices opened this week at $178.00, but ended the week up at $180.30. Palladium products like the 1 oz Palladium Bars continue to be in great demand and very hard to come by.



Numismatics:
As 2008 draws to a close, the rare coin market looks forward to 2009. The economic uncertainty in the general economy has left investors looking for alternative investments. Rare coins and bullion certainly fit that bill perfectly. Coins and bullion have historically acted as a hedge against inflation and this year has continued that trend. But it was not only investors who were buying rare coins. Many beginning collectors joined the ranks of those making numismatic purchases. The Statehood Quarter series completed its final run with the issuance of the Hawaiian quarter and many of these collectors have now had the satisfaction of completing their first sets. These same collectors are now looking forward to the Territories Series. While that was happening, many advanced collectors are now purchasing key date and high quality coins to add to their collections before prices go even higher. Happy Holidays!

Weekly Market Recap

As most market traders close out their books for the year, it’s beginning to look like gold may be the best performing asset this year. The U.S. Senate’s failure to pass an auto bailout package has heightened fears of a bankruptcy in the industry, adding hurt to injury on an already weak economy. However, precious metals are benefiting from the weakened dollar as we head into the year’s end.

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!

Investors Stampede For Silver Buffalo Rounds!

Bullion investors and numismatic collectors continue to be highly concerned about global markets midway through December 2008 (see recent Gallup Poll), as evidenced by the speed in which they purchased Silver Buffalo rounds from APMEX. Holiday shoppers cleaned up on over 200,000 Silver Buffalo rounds in just over 28 hours before the 12 Days of Christmas sale at APMEX officially ended.

Many consumers responded with their gratitude in emails to the company. “Thank you also for your EXCELLENT service. I always KNOW when I purchase from you all that the order will be handled with integrity. I have never regretted a single purchase from APMEX! And each has been PERFECT, as described, when received. THANKS! THANKS!”, was one of many customer emails received over the past few weeks from satisfied consumers around the nation.

This was the grand finale of APMEX’s highly anticipated and highly attended sales event for the holidays, which produced great savings and opportunities for investors and collectors nationwide. The holiday promotion saw numerous high points, opening with a phenomenal reaction from buyers – the sellout of over 200,000 Silver American Eagle coins in less than 24 hours. This trend continued throughout the promotion as clever investors took advantage of many other great savings and investment opportunities.

Even in the depths of the current financial crisis, many new investors have been flocking to APMEX, seeking a respite from the flailing stock market. With bleak economic news and unpredictable market behavior, the buying public has dramatically increased their purchases of silver, gold and numismatic items. The bottom line: consumers are cutting back on their typical holiday budgets and increasing purchases geared toward protecting their assets to help make Christmas Futures brighter.

Weekly Market Recap 12/12/08

Further near-term precious metal liquidation is possible, as investors continue to shift into cash, but it is expected that gold prices are likely to move cautiously higher in the medium to long term, as the global economy is in for a period of slow growth with an unfavorable shift in the growth/inflation trade-off. For the first time in over 20 years the spot price of Platinum fell below the spot price for Gold.

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 http://www.apmex.com/.

Platinum:
Spot Platinum prices opened last week at $790.20 but ended the week up at $828.60 . Investors and collectors were able to purchase Fractional 2008 Platinum Eagles, though these coins sold out in less than 12 hours. Our supply is limited, but we do have Platinum American Eagles in stock. APMEX also secured a fresh batch of new 1 oz Pamp Suisse Platinum bars. We still have some left, but these will move fast due to the recent drop in platinum spot prices.

Gold:
Spot Gold prices opened this week at $755.20. The high during the week was on Thursday December 11th, at $853.30, while the low for the week occurred on Monday December 8th at $754.10. Gold ended the week up at $824.90 . 2008 1 oz Gold Maple Leafs and Gold Bars sold out during our “12 Days of Christmas” savings event. We are expecting to receive a very limited allocation of 2008 Gold American Eagles, but these will go very quickly.

Silver:
Spot Silver prices opened last week at $9.50. Active trading pushed spot silver to a high of $10.54 on Thursday, December 10th. The low for silver also occurred on Monday, December 8th at $9.48. Silver ended the week up at $10.39 . This week, APMEX customers picked up on our phenomenal Holiday Deals, focusing great attention on new Silver Buffalo Rounds and new JM 100 oz silver bars. APMEX may be securing a few additional 2008 Silver American Eagles in the coming days as well.

Palladium:
Spot Palladium prices opened this week at $163.60 and ended the week up at $180.00 . APMEX does have a limited supply of 1 oz. and 10 oz. Palladium bars.

Numismatics:
The Houston Money Show, which is usually a reliable bellwether of the end of the year activity, did not disappoint any of the attendees. In fact, the auction results were incredibly strong. While the general economy is weak (or terrible, depending on your point of view), the auction broke many previous records, especially for copper coins. For example, a 1926-S Lincoln Cent, graded MS65 Red, sold for $106,000.00! Of the 278 coins in this particular auction consignment, 38 of the coins sold in the 5-figure territory! While many coins in some auctions are bringing record prices, several areas of the coin market are strong as well. Pre-1933 US gold coin demand shows no signs of abating. Key and semi-key Morgan Dollars are strong. But Mercury Dimes, Walking Liberty Halves, and Commemoratives are only experiencing limited price movements.

A Bit Of Christmas Luck??

For savvy investors, Christmas may have come a little early this year in the form of a rare drop in the spot price of Platinum. On Friday, December 12th, the first time in over 20 years, the spot price of Platinum dropped below the Gold spot. Many smart investors, and a few lucky ones, will take advantage of this phenomenal opportunity for Platinum. The only question remaining is: Are you smart, lucky or both?

As an APMEX customer – you are definitely BOTH!

Platinum is increasingly difficult to find, but APMEX has managed to secure 1,200 one ounce Pamp Suisse Platinum Bars available for delivery on January 31st. This is your chance to upgrade from Gold to Platinum at a very low spot price!

At these unprecedented prices, these gorgeous new Platinum bars won’t last long. Get your 1 oz Pamp Suisse Platinum Bars today while we have them available.

APMEX Popcorn is Coming to Town

It goes without saying that this has been a volatile year for the market. No matter where you look, it seems like all the news is bleak. However, at APMEX, this year has been a record breaker – thanks to our loyal customers.

Every year, to say “Thank You”, we send out Christmas popcorn tins to some of our best customers. We love to show our appreciation every year to the people that make our efforts worthwhile. It’s that time of year again – time for another record to break!

The APMEX Popcorn Elves have been up their pointy ears in shiny new popcorn tins. They have been working hard all week to send out over 7,600 popcorn tins this year. That’s right: over 7600! We tried to narrow the list to about 4,500 customers (one semi load), but there were so many others we wanted to include in this year’s festivities.

We simply couldn’t ignore them. So, at the last minute we ordered an additional 3,100 tins (a second semi load) to get a few more in the mail just in time for the holidays.

The APMEX Photography Team had the chance to snap rare pictures of the “elves” at work. We hope you enjoy the pictures and the popcorn as much as we enjoy sending it to you every year.

Enjoy the popcorn and have a happy and safe holiday season from everyone here at APMEX. Don’t forget to come back to APMEX in 2009!


Partial Wall of Pop Corn at APMEX


Graphic Designer Chad, unpacking Pop Corn Tins


Marketing Director Dave Loading Tins


Copywriter Elise adding a Christmas Card


Photographer Paul, licking the tape ( we think he just likes the taste :)

Paul Says "Its ready to Ship!"

December 1st 2008 Weekly Market Recap

Weekly Market Recap

Even more bleak economic news has investors flocking to safer investments like precious metals, cash and Treasury’s. However, there seems to be more of a demand for cash and liquidation of hard assets in anticipation of the year’s end and the confirmation that the US was in a recession. This fresh round of risk/asset liquidation hit equities and commodities the hardest this week. With Black Friday and Cyber Monday behind us, APMEX is in full swing for the Holidays with our 12 Days of Christmas Sale.

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 $ 819.00. The high during the week was on Monday December 1st, at $820.00, while the low for the week occurred on Friday December 5th. Gold ended the week down at $758.70. Gold American Eagles were in high demand and limited supply.









Silver:

Spot Silver prices opened last week at $10.31. Active trading pushed spot silver to a high of $10.32 on Monday, December 1st. The low for silver also occurred on Tuesday, December 2nd at $9.13. Silver ended the week down at $9.63. Silver American Eagles were hot this week and difficult to come by.








Platinum:

Spot Platinum prices opened last week at $881.90 but ended the week down at $814.50. Investors and collectors were eager to purchase Platinum American Eagles, though the scarce supply made it difficult to acquire these fine coins.








Palladium:


Spot Palladium prices opened this week at $190.80 but ended the week down at $168.00. 1 oz Palladium Bars were in great demand and hard to come by.









Numismatics:
Although there is weakness in the general economy, there is strength, albeit selective, in the coin market. Premiums for gold coins and for gold bullion items remain high. There is a strong demand for the physical metal that has not been satisfied and that has left dealers struggling to find inventory and clients unhappy about their inability to get products. It was just a few months ago when pre-1933 Gold coins and all types of bullion items were available in huge quantities - not so now. In other coins, early Lincolns are still exceptionally strong as are better date Morgan Silver Dollars. But pre-2008 Proof and Mint sets, Mercury Dimes, Walking Liberty Halves, and Commemorative Halves are all quiet at current levels. As we get into 2009 we may look back at these price levels as having been a strong buying opportunity.

200,000 Silver American Eagles Sold Out in 24 Hours… Amazing!

APMEX kicked off our 12 Days of Christmas promotion on Cyber Monday and the results have been phenomenal. We expected this would be a great sale on a very popular item, but didn’t expect the flood of customers. It was like watching the flood of people at Wal-Mart on Black Friday looking for flat panel TV’s.

Amazingly, we sold out of our supply of 200,000 Silver American eagles within the span of 24 hours!

A huge number of customers flooded the site, causing the shopping cart system to crash earlier in the day. With our site down, customers lined up on the phone to place their orders. Needless to say, our trading department was a madhouse. Phones were ringing off the hook from the colossal amounts of orders.

While we would have liked to be able to return everyone’s calls, the sheer volume made this impossible. We’re trying our best to order more, but at this point we can’t make any guarantees. Be sure and check back with us regularly. We’ll keep you updated on events as they develop.

As a substitution we have reduced the price of 2009 Silver Maple Leafs to $3.49 over spot in any quantity while supplies last. This sale is only available for 12/01/08.

Don’t wait for the next rush, get yours today!