The stock market is still far too volatile to trust that your portfolio is going survive - let alone thrive. Investors fear that new government spending will only drive down the value of ordinary investments even more, thus making precious metals even more attractive. This week we have seen precious metals prices fluctuate some from last weeks gains. Investors around the world continue to insist on physical delivery of precious metals, which continues to place strains on the market. Should the metals rally continue, physical metal will become even harder to obtain.
After gold prices rose above the $1000 level last week many investors chose to sell metals to secure cash, instead of chasing the price even higher. Risk aversion remains strong as the global recession continues, making now the perfect time to buy precious metals before the supply falls short of the high demand created by investors and collectors.
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./
Gold:
Spot Gold prices opened this week at $994.30. The high during the week was on Monday February 23 at $999.60, while the low for the week occurred on Thursday February 26 at $932.20. Gold ended the week down at $941.20. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 oz. Gold Maple Leafs, 1/10 oz. Gold Australian Lunars, 1/20 oz. Gold Australian Lunars and 1 oz. Pamp Suisse Gold Bars were very popular with investors as gold kissed the $1000 mark for a second week.
Silver:
Spot Silver prices opened last week at $14.38. Silver continues to be the "Go ToVehicle" for many investors. Very active trading pushed spot silver to a high of $14.60, on Monday February 23, while the low for silver occurred on Thursday February 26, at $12.93. Silver ended the week down at $13.18. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples , 10 oz. Silver Morgan Bars and 1 oz. Silver APMEX rounds saw phenomenal action this week as investors continue to stock pile this highly sought after metal.
Platinum:
Spot Platinum prices opened last week at $1091.00, but ended the week down at $1081.50. Supplies of platinum continue to be tight though APMEX has been able to stock limited quantities of 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, 2009 1 oz. Platinum Canadian Maple Leafs and 1 oz. Credit Suisse Platinum bars.
Palladium:
Spot Palladium prices opened this week at $214.05, but ended the week down at $199.85. Of all the precious metals, palladium seems to be the rarest metal lately. Many investors are interested in palladium, but finding products to stock continues to be difficult at best. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars and 100 oz. Fine Palladium Bars were hot items. Again, these bars will not last long due to popular demand.
Numismatics:
As the Dow Jones Industrial Average flirted with breaking through the 7,000 barrier, Gold did break through the $1,000 level, albeit briefly. This upward pressure on gold is having a very positive impact on the US coin market. Demand for Pre-1933 US Gold Coins is very strong and the demand for Bullion Gold is insatiable.
As a by-product o f this demand for the yellow metal, World Gold coins are also in demand. We have seen our sales of these numismatic and quasi-numismatic items soar in recent weeks. This has also lead to increased demand for World Coins in all metals. As we have reported in the most recent past, Type Coins, Morgan Dollars and Proof and Mint Sets are continuing to lead the advances, while Classic Commemorative coins continue to slide even lower. At the sake of repeating ourselves, there are some outstanding buying opportunities in today’s market place!
APMEX - Golden Goose Lays 220 Lb Nest Egg!
The largest and most expensive gold bullion coin in the world is for sale and YOU can purchase it today from one of the nation’s best and most trusted precious metals dealers. The current gold value of this coin alone is over 3.1 million dollars. Offered at only 5% over spot, this coin is sure to turn the heads of investors and collectors alike.
The American Precious Metals Exchange (www.APMEX.com), of Edmond, Oklahoma, is proud to announce that it has been chosen to sell one of the few specimens of the world’s largest gold coin.
Comprised of .99999 percent fine gold bullion, this coin weighs 100 kilos, about 220 pounds. The Royal Canadian Mint placed a face value of $1,000,000.00 Canadian Dollars on this coin. This Canadian Maple Leaf coin is the largest, purest, and highest denomination coin ever minted.
The coin features Queen Elizabeth II on the obverse, and Canada’s national symbol, the maple leaf, on the reverse.
This extremely rare coin is one of only five minted by the Royal Canadian Mint. Although this coin gave the Royal Canadian Mint bragging rights for making the world’s largest and purest gold coin, the new owner will have significant ownership bragging rights as well.
If you have serious inquiries about the sale of this coin, you can visit APMEX online or contact APMEX directly at milliondollarcoin@apmex.com Be sure to include your contact information, so an APMEX representative can respond to you about the arrangements.
|
Bookmark this post:
|
|
Weekly Market Recap 2/20/2009
As the American markets were closed on Monday in recognition of Presidents Day, metals prices gained a solid footing and started taking an upswing. Investors searching for a safe haven have pushed precious metals towards big gains this week. Gold spikes usually boost the other metals and this time is no exception. Now is the time for savvy investors to try and corner the market by sharply increasing their holdings. Further price gains are very possible as long as the metals continue to benefit from all the “safe-haven” buying. Hopefully the United States Stimulus package released this week will increase industrial demand which also contributes to metals gains.
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 $940.80. The high during the week was on Friday February 20 at $1007.20, while the low for the week occurred on Tuesday February 17 at $937.30. Gold ended the week up at $995.00. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1 oz. Gold Krugerrands, 1/10 oz. Gold Australian Lunars, 1/20 oz. Gold Australian Lunars and 1 oz. Pamp Suisse Gold Bars were all in high demand and moving in quantity.
Silver:
Silver prices opened last week at $13.60. Silver reached a high of $14.51 at the close of the Market on Friday February 20, while the low for silver occurred on Tuesday February 17, at $13.40. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples , 1 oz. Morgan Design Silver bars and 10 oz. Morgan Design Silver bars continue to dominate the market as investors continue to build their hoards.
Platinum:
Spot Platinum prices opened last week at $1065.10, and ended the week up at $1091.20 Investors continue to look to 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, and 1 oz. Credit Suisse Platinum bars as primary vehicles. APMEX has these items in stock and ready to ship - buy yours today!
Palladium:
Palladium prices opened this week at $216.50, and ended the week up slightly at $220.50. Palladium products continue to be in great demand and difficult to source and keep in stock. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars and 100 oz. Fine Palladium Bars were hot items. Again, these bars will not last long due to popular demand.
Numismatics:
Last week’s Greater America Coin Fair, held in St. Louis, was a very active coin show. This clearly indicates that the numismatic market is showing remarkable strength. The Long Beach Coin Expo was strong and St. Louis’ strength following just a week later indicates the overall health of the coin market. Many dealers reported that “generic” gold coins (i.e., those dates which are easily obtained) were strong as were all grades of US Type coins.
Contributing to the success of this show was the weakness in the overall stock markets. As bullion prices continue to rise, many buyers are actively seeking Pre-1933 Gold Coins, and all types of Gold Bullion Coins! Gold prices are advancing toward that coveted $1,000.00 an ounce plateau and the general public is once again well aware of the inflation hedge that gold and silver coins provide. But not only bullion-related coins are rising! Pre-1933 Gold Coins are climbing in price, but, interestingly, gold commemoratives are not.
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 $940.80. The high during the week was on Friday February 20 at $1007.20, while the low for the week occurred on Tuesday February 17 at $937.30. Gold ended the week up at $995.00. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1 oz. Gold Krugerrands, 1/10 oz. Gold Australian Lunars, 1/20 oz. Gold Australian Lunars and 1 oz. Pamp Suisse Gold Bars were all in high demand and moving in quantity.
Silver:
Silver prices opened last week at $13.60. Silver reached a high of $14.51 at the close of the Market on Friday February 20, while the low for silver occurred on Tuesday February 17, at $13.40. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples , 1 oz. Morgan Design Silver bars and 10 oz. Morgan Design Silver bars continue to dominate the market as investors continue to build their hoards.
Platinum:
Spot Platinum prices opened last week at $1065.10, and ended the week up at $1091.20 Investors continue to look to 1 oz. Platinum Pamp Suisse Bars, 1 oz. Scotiabank Platinum bars, and 1 oz. Credit Suisse Platinum bars as primary vehicles. APMEX has these items in stock and ready to ship - buy yours today!
Palladium:
Palladium prices opened this week at $216.50, and ended the week up slightly at $220.50. Palladium products continue to be in great demand and difficult to source and keep in stock. This week the 1 oz. and 10 oz. Pamp Suisse Palladium Bars and 100 oz. Fine Palladium Bars were hot items. Again, these bars will not last long due to popular demand.
Numismatics:
Last week’s Greater America Coin Fair, held in St. Louis, was a very active coin show. This clearly indicates that the numismatic market is showing remarkable strength. The Long Beach Coin Expo was strong and St. Louis’ strength following just a week later indicates the overall health of the coin market. Many dealers reported that “generic” gold coins (i.e., those dates which are easily obtained) were strong as were all grades of US Type coins.
Contributing to the success of this show was the weakness in the overall stock markets. As bullion prices continue to rise, many buyers are actively seeking Pre-1933 Gold Coins, and all types of Gold Bullion Coins! Gold prices are advancing toward that coveted $1,000.00 an ounce plateau and the general public is once again well aware of the inflation hedge that gold and silver coins provide. But not only bullion-related coins are rising! Pre-1933 Gold Coins are climbing in price, but, interestingly, gold commemoratives are not.
|
Bookmark this post:
|
|
APMEX Offline For Routine Maintenance
The APMEX.com website will be OFFLINE for Routine Maintenance on Saturday, February 21 at 3:00 am CST. We expect to be back ONLINE by 3:00 PM CST on Sunday afternoon or sooner.
This scheduled maintenance is to perform system upgrades to ensure continued stability for our customers. We have decided to schedule this maintenance window on the weekend to minimize the impact on our customers since metals prices do not move during closed trading hours.
During this maintenance period, our IT Staff will be working diligently to perform a list of upgrades to ensure the website continues to perform above your expectations and securely process your precious metal orders with APMEX.
Thank you for your patience. We apologize for any inconvenience this may cause you.
APMEX
This scheduled maintenance is to perform system upgrades to ensure continued stability for our customers. We have decided to schedule this maintenance window on the weekend to minimize the impact on our customers since metals prices do not move during closed trading hours.
During this maintenance period, our IT Staff will be working diligently to perform a list of upgrades to ensure the website continues to perform above your expectations and securely process your precious metal orders with APMEX.
Thank you for your patience. We apologize for any inconvenience this may cause you.
APMEX
|
Bookmark this post:
|
|
Weekly Market Recap 2/13/2009
The stock market can only stare unpleasantly at the action in precious metals markets this year. Prices of precious metals have rallied to their best levels since at least September, while Wall Street continues to struggle. Analysts believe that the big gains in precious metals midweek are directly correlated to the disappointment over the United States’ lack of progress on phase two of the financial system rescue.
The fear is that the new heavy government spending and rock bottom short term interest rates could devalue the dollar. If the general public loses faith in paper currency, the natural beneficiaries are precious metals. Now is the time to protect your assets and buy precious metals as a hedge against this uncertain economy.
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 $913.40. The high during the week was on Thursday February 12 at $954.00, while the low for the week occurred on Wednesday February 11 at $912.00. Gold ended the week up at $943.80. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 oz. Gold Canadian Maple Leafs, 1 oz. Pamp Suisse Gold Bars, and 5gm Pamp Suisse Gold Bars were all in high demand.
Silver:
Spot Silver prices opened last week at $13.11. Active trading pushed spot silver to a high of $13.77 at the close of the market on Friday February 13th, 2009. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples and 2009 1 oz. Austrian Silver Philharmonics were hot this week as staple precious metal items.
Platinum:
Spot Platinum prices opened last week at $1001.00, but ended the week up at $1074.00. Investors were eager to purchase Platinum, though the scarce supply made it difficult to acquire this metal. APMEX has 1 oz. Platinum Pamp Suisse Bars, 1 gm Credit Suisse Platinum Bars, and 5 gm Credit Suisse Platinum Bars. These items will not last long so purchase yours today!
Palladium:
Spot Palladium prices opened this week at $213.60, but ended the week up at $221.65. 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.
Numismatics:
The Long Beach Coin Expo, which is held three times a year, was a stronger show for many dealers, than was the annual Florida United Numismatists (FUN) show in January. That is generally not the case with a show held three times a year! But Long Beach has a history of being a bellwether show. The coin markets have demonstrated both “Bull” and “Bear” characteristics at this particular show over the years.
The strongest items at this show were Pre-1933 Gold Coins, choice problem-free Type Coins, and all Gold Bullion Coins! Bullion prices have kept Pre-1933 Gold Coin prices strong and with Gold pushing higher over $900.00 an ounce, the demand has increased at all levels.
The fear is that the new heavy government spending and rock bottom short term interest rates could devalue the dollar. If the general public loses faith in paper currency, the natural beneficiaries are precious metals. Now is the time to protect your assets and buy precious metals as a hedge against this uncertain economy.
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 $913.40. The high during the week was on Thursday February 12 at $954.00, while the low for the week occurred on Wednesday February 11 at $912.00. Gold ended the week up at $943.80. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 oz. Gold Canadian Maple Leafs, 1 oz. Pamp Suisse Gold Bars, and 5gm Pamp Suisse Gold Bars were all in high demand.
Silver: Spot Silver prices opened last week at $13.11. Active trading pushed spot silver to a high of $13.77 at the close of the market on Friday February 13th, 2009. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples and 2009 1 oz. Austrian Silver Philharmonics were hot this week as staple precious metal items.
Platinum: Spot Platinum prices opened last week at $1001.00, but ended the week up at $1074.00. Investors were eager to purchase Platinum, though the scarce supply made it difficult to acquire this metal. APMEX has 1 oz. Platinum Pamp Suisse Bars, 1 gm Credit Suisse Platinum Bars, and 5 gm Credit Suisse Platinum Bars. These items will not last long so purchase yours today!
Palladium: Spot Palladium prices opened this week at $213.60, but ended the week up at $221.65. 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.
Numismatics:The Long Beach Coin Expo, which is held three times a year, was a stronger show for many dealers, than was the annual Florida United Numismatists (FUN) show in January. That is generally not the case with a show held three times a year! But Long Beach has a history of being a bellwether show. The coin markets have demonstrated both “Bull” and “Bear” characteristics at this particular show over the years.
The strongest items at this show were Pre-1933 Gold Coins, choice problem-free Type Coins, and all Gold Bullion Coins! Bullion prices have kept Pre-1933 Gold Coin prices strong and with Gold pushing higher over $900.00 an ounce, the demand has increased at all levels.
|
Bookmark this post:
|
|
Weekly Market Recap 2/6/2009
The ongoing economic slowdown and slide in dollar value is driving investors to focus primarily on precious metals. We are seeing gold appreciate against all currencies. Silver has been tracking gold and has risen to highs unseen since October 2008. Analysts said as the economic stimulus plans and lower interest rate policies went on, inflation will be inevitable in the long run, which made precious metals even more attractive as a risk hedge and protection of wealth.
This week APMEX highlighted a variety of silver products in the “Sweetheart Silver Sale”, which had a great response as customers were able to take advantage of great pricing on a wide variety of silver products.
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/.
Gold:
Spot Gold prices opened this week at $927.00. The high during the week was on Monday February 2 at $929.00, while the low for the week occurred on Tuesday February 3 at $890.30. Gold ended the week down overall at $913.40. This week, 2009 1 oz Gold American Eagles, 2009 1 oz Gold Maples, 1/10th oz. Gold Maples, 5 gram Pamp Suisse Bars and 1/10 oz. and 1/20 oz. Fractional Australian Gold Lunar and Kangaroos were all in high demand with investors.
Silver:
Spot Silver prices opened last week at $12.65. Silver's high for the week was $13.20 at the close of trading on Friday February 6, 2009. The low for silver occurred on Tuesday February 3, at $12.13. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, moved fast in online trading due in part to the APMEX “Silver Sweet Heart” sale. This email announced sale received a great response and customers were able to pick up large volumes of silver at great prices. Be sure you are receiving APMEX blast emails to get advanced notice of these sales.
Platinum:
Spot Platinum prices opened last week at $996.00, and ended the week up at $1010.00. APMEX has 1 oz. Platinum Credit Suisse Bars that are on a slight delay but are expected to ship by February 23, 2009 or sooner. These items are getting harder to find so purchase yours today!
Palladium:
Spot Palladium prices opened this week at $193.30, and ended the week up at $219.95. 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.
Numismatics:
As dealers head to the Golden State to attend the Long Beach Coin Expo, the market looks much more positive than it has it recent weeks. While the metals prices are up, gold and silver coins are responding in kind. Gold seems to be very popular in all grades and in all denominations! Pre-1933 Gold Coins are on every dealer’s want lists. They are actively being purchased and sold by a wide number of dealers. Finally, Morgan Silver Dollars have taken a little breather. Generic Morgans are a tad softer and most rare dates Morgans are stable.
Type coins were stable last week, but are in demand this week. Early (1936 to 1950) Proof and Mint sets are leading this entire segment of the market. Their popularity is directly due to their very limited mintages and the fact that fresh deals of Proof Sets are seldom encountered. The early series of Classic Commemorative Coins have retreated further in price.
This week APMEX highlighted a variety of silver products in the “Sweetheart Silver Sale”, which had a great response as customers were able to take advantage of great pricing on a wide variety of silver products.
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/.
Gold:
Spot Gold prices opened this week at $927.00. The high during the week was on Monday February 2 at $929.00, while the low for the week occurred on Tuesday February 3 at $890.30. Gold ended the week down overall at $913.40. This week, 2009 1 oz Gold American Eagles, 2009 1 oz Gold Maples, 1/10th oz. Gold Maples, 5 gram Pamp Suisse Bars and 1/10 oz. and 1/20 oz. Fractional Australian Gold Lunar and Kangaroos were all in high demand with investors.
Silver:
Spot Silver prices opened last week at $12.65. Silver's high for the week was $13.20 at the close of trading on Friday February 6, 2009. The low for silver occurred on Tuesday February 3, at $12.13. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, moved fast in online trading due in part to the APMEX “Silver Sweet Heart” sale. This email announced sale received a great response and customers were able to pick up large volumes of silver at great prices. Be sure you are receiving APMEX blast emails to get advanced notice of these sales.
Platinum:
Spot Platinum prices opened last week at $996.00, and ended the week up at $1010.00. APMEX has 1 oz. Platinum Credit Suisse Bars that are on a slight delay but are expected to ship by February 23, 2009 or sooner. These items are getting harder to find so purchase yours today!
Palladium:
Spot Palladium prices opened this week at $193.30, and ended the week up at $219.95. 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.
Numismatics:
As dealers head to the Golden State to attend the Long Beach Coin Expo, the market looks much more positive than it has it recent weeks. While the metals prices are up, gold and silver coins are responding in kind. Gold seems to be very popular in all grades and in all denominations! Pre-1933 Gold Coins are on every dealer’s want lists. They are actively being purchased and sold by a wide number of dealers. Finally, Morgan Silver Dollars have taken a little breather. Generic Morgans are a tad softer and most rare dates Morgans are stable.
Type coins were stable last week, but are in demand this week. Early (1936 to 1950) Proof and Mint sets are leading this entire segment of the market. Their popularity is directly due to their very limited mintages and the fact that fresh deals of Proof Sets are seldom encountered. The early series of Classic Commemorative Coins have retreated further in price.
|
Bookmark this post:
|
|