Top Places To Gain Insight Into Precious Metals

Precious Metals, notably Gold, Silver and Patinum, have been sought by humans since antiquity. Not only have they been used as a store of monetary value, but as investments to secure personal wealth. That practice, of course, continues to this day.

The key to successfully investing in Precious Metals in the 21st century is knowledge. As with any investment or business venture, the more you know, the better you are able to assess risk and make informed decisions. Thanks to the Internet, there are several sources from which you can gain insight into Precious Metals. Here are ten of the top resources.

Bloomberg Business

One of the leading resources for business and financial news, Bloomberg offers a user-friendly Precious Metals price index covering several international markets. It includes Gold, Silver, and Platinum, as well as Copper, zinc, and tin. Users can click on each market for a detailed price history.

CNBC

Covering all kinds of commodities including oil, CNBC’s Precious Metals and Mining section also provides the latest news stories on Gold, Silver, Platinum, and other Precious Metals.

 Fox Business News

Like its rival CNBC, Fox Business also presents the latest news on Precious Metals. Unlike CNBC, Fox Business coverage deals more with how Precious Metals affect world markets overall, with some investment related news included.

Wall Street Journal

The acknowledged leader in business and financial news, The Wall Street Journal, of course, is a great resource for the latest news about Precious Metals around the world. The one drawback is most of the publication’s stories are behind a paywall, meaning you have to subscribe to see the content.

Investopedia

This web-based resource for all things financial offers up-to-date articles about Precious Metals. Many of these articles deal with funds that invest in Precious Metals. Another great feature is the glossary of terms that help novices get a handle on the terminology used when discussing these commodities.

Investing News Network

As the name implies, this website covers the entire spectrum of investing but has specific sections devoted to Gold, Silver, Platinum, and Palladium. Each can be accessed from the Resources Investing tab on the home page’s navigation bar.

Gold Newswire

Gold newswire not only covers Gold but Silver, Platinum, and Palladium. It is essentially an aggregator, collecting news on Precious Metals from other places on the web. It features separate sections for news and analysis.

Reddit Silverbugs and other Precious Metals Forums.

On Reddit’s Silverbugs and Bullion forums, investors can swap information, investing experiences and tips. Silverbugs covers all kinds of Precious Metals and features a wiki to help newcomers get up to speed. Bullion is divided into sub-forums covering individual Precious Metals as well as things like real estate and jewelry. As it is a forum, it asks that those posting not solicit or offer specific investment advice.

APMEX

Of course APMEX knows a thing or two about Precious Metals, having been in business for over 15 years. APMEX has several different options when it comes to providing information about Precious Metals.

  • Daily Market Reports: APMEX writes a daily report describing what is going on in the market that day. We link to helpful articles within the report to give you the most information possible.
  • Education Center: A resource to help you determine where to start and what you want to invest in. We know that being a new investor can be daunting, we try and simplify the decision making process.
  • The APMEX Precious Metals Guide – an easy to read digital booklet about Precious Metals investing.

APMEX Returns from ANA World’s Fair of Money

APMEX returned from the 2015 World’s Fair of Money last week, a little jet lagged and ragged, but excited about the incredible number of bullion, coins and currency we purchased. It was a productive and exciting week for our team, as they savored all there is to offer at the yearly conference.

During the World’s Fair of Money, and other shows throughout the year, APMEX meets with as many sovereign mints and coin and bullion vendors as possible, constantly looking for items to offer our customers that no one else has. APMEX stayed busy doing just that at the ANA, finding all kinds of interesting products to bring back. We worked hard to ensure our unmatched product selection continues to grow! Over 50,000 products were sent back to APMEX headquarters, newly purchased from the hundreds of dealers we met.

Some fun new purchases, or “NEWPS,” our team was particularly excited about bringing back to sell were:

  • 1893-CC Morgan Silver Dollar – the rarest date Carson City Silver Dollar in a Redfield Holder – magnificently and beautifully toned, combining beauty with rarity and eye-appeal.
  • An INCREDIBLY RARE 1907 $20 Gold Saint-Gaudens coin in Proof-64 condition. All 1907 High Relief Gold coins are RARE, but it is believed that all Proof High Reliefs are either Patterns or Trial Strikes. Most numismatists have never seen one in Proof, let alone owned one!
  • A Series 1995 $1 Bill with a special feature: the reverse is totally unprinted and blank!
  • 1935 Canadian Silver Dollars graded MS-65, MS-66 and MS-66+.
  • A 1904 $5 Liberty Half Eagle graded Proof-64 Cameo.
  • A complete set of Peace Silver Dollars, all graded MS-64 by PCGS.
  • An extremely rare 1796 Capped Bust $10 Gold Eagle graded an AU-58. 1796 was only the second year the U.S. Mint struck any Gold coins, and they only struck slightly over 4,000 $10 Gold coins.
  • A 1785 Colonial BAR Cent, the design of which looks exactly like the buttons worn by Continental soldiers during the Revolutionary War.

All of these items range in price from a few hundred to thousands of dollars and they are all for APMEX customers to enjoy! Currently all products we brought back from ANA are being checked into our system and photographed and should be on our site soon.

The ANA is the perfect place for dealers and sovereign mints from around the world to meet. APMEX met with the Perth Mint, Banco de Mexico, Royal Canadian Mint and more. A few members of our staff were also able to meet the new Principal Deputy Director of the U.S. Mint, Rhett Jeppson.

The ANA is also where coin collectors, enthusiasts and dealers can be educated and hear from top professionals in the industry. Members of our team attended classes and had the opportunity to meet coin industry legend David Bowers. Additionally, APMEX’s own Director of Numismatics, Mike Garofalo, gave a presentation covering Classic U.S. Commemorative Coins.

All in all, the event was a huge success and APMEX came away with great products to share with our wonderful customers.

Visit the ANA 2015 photo album!

Five Questions to ask Yourself Before purchasing Precious Metals

Between the recent recession and world economic crises, you’ve probably heard someone joke about taking money out of the bank and putting it under a mattress. For the uninitiated, this seems safer than leaving money with government institutions.

Good investors, however, understand inflation. The dollar may not always hold its value. To mitigate risk, they put money in Precious Metals like Gold, Silver, Platinum and Palladium. These core metals offer intrinsic value and stability that no bank or reserve can reproduce with paper.

If you’re planning your financial future, ask yourself the following questions. You may be on your way to amassing a new kind of wealth.

  1. Are Precious Metals the right type of investment for me?

Precious Metals are just one more form of saving. However, it’s important to have liquid assets that you can move easily in case of emergencies.

Further, Precious Metals are a long-term investment. Because the price of Precious Metals constantly fluctuates, you’ll need patience and comfort with volatility to see real rewards.

   2. What kind of Precious Metal do I start with?

As an individual investor, the best place to start is with bullion: refined Precious Metal bars, rounds or coins. They’re easy to get and allow you to hold — and control — your growing wealth.

When choosing between bars, rounds or coins, think about where you can safely store them. Bars are efficient ways to buy Precious Metals but may take up more room. Smaller rounds and coins are easier to liquidate since they are more convenient and of a more tradable size.

While it’s tempting to start with the more rare metals, invest in Gold or Silver first before buying Platinum or Palladium, since they are more common in the marketplace..

   3. What should I look for in Precious Metals?

For investment purposes, bullion does not have to be in perfect condition. Its value is based in its metal content. The more pure it is, the greater its value.

Some coins have value above their metal content, known as numismatic value, which is based on the historical value, aesthetic features, mint year, rarity and collectibility of the coin. With so many qualities to consider, it’s important to research before making a purchase or sale.

   4. What’s my ROI for buying Precious Metals?

“If you had invested $10,000 in Gold bullion in January 2001, your 37.81 ounces of the Precious Metal would have been worth more than $69,000 by September 1, 2011. That beat the pants off stock investments,” personal finance columnist Kathy Kristoff said.

Like with any investment, your return on investment can vary greatly depending on a number of things, but generally, the longer you hold on to your Precious Metals, the more they’ll increase in value.

   5. When should I buy?

Ultimately the decision is up to you. Many find it helpful to bite the bullet and make a purchase while it’s on their mind. Waiting for better prices may or may not happen. Do your research and purchase when is best for you. Some find it helpful to develop a monthly metals budget. By doing this, the highs and lows of spot price even out over time.

ANA World’s Fair of Money here we come!

Worl'ds Fair of Money 2015APMEX is heading to ANA World’s Fair of Money and we want to see you there! We’ll be at booth #1928 and our own Mike Garofalo will be presenting Classic Commemorative Coin Holders & Memorabilia on Thursday, August 13 at 9:00 am. For more information, see below.

About ANA World’s Fair of Money

The ANA World’s Fair of Money is the largest coin show in the US and it’s hosted annually by the American Numismatic Association or ANA. This year the show runs from August 11 – August 15 at the Donald E. Stephens Convention Center in Rosemont, Illinois just outside Chicago. The show features an astounding 1,000 table-holders, educational seminars and presentations for both beginners and advanced collectors. The world’s largest mints and retailers gather in this one location to learn, buy, and sell. It is the place to be for avid collectors and enthusiasts alike, many of whom make the annual patronage.

The APMEX factor

APMEX has attended the ANA World’s Fair of Money since they were established, over 15 years ago. APMEX’s skilled purchasing team has developed one-of-a-kind relationships with dealers in that time to bring our customers an unparalleled inventory selection of the most unique and coveted numismatic items in the country and perhaps the world. This year our team will be busy meeting with mints, searching for great buys to bring back to our customers and meeting with visitors who stop by our booth.

APMEX’s own Mike Garofalo, Director of Numismatics, will be presenting Thursday, August 13 at 9:00 am. The presentation is titled Classic Commemorative Coin Holders & Memorabilia. Mike will be sharing his vast knowledge that he has gained over his 40 years in the precious metals industry. APMEX will be at booth #1928 and will be available to answer questions and speak with the public about products, the industry, and the APMEX shopping experience. We will not be able to sell any items at the booth directly.

Be Social

Throughout the week APMEX will be sharing photos and insights of our time at ANA. Like our Facebook page and keep up to date with the latest news from ANA and the industry. Follow us on Twitter @APMEX and use #WorldsFairofMoney to keep up to date with all the happenings at the show. Share your thoughts and photos with us!

Stop by our booth and say hi to the team! We’ll see you there!

History in Your Hands

Handful of coins in palm hands isolated on white

One of the great things about collecting and enjoying rare coins and currency is that each item is like a miniature work of art that you can hold in your hands. More importantly, each has a specific story to relate. Some were minted during turbulent historical times such as during the Civil War, while others were printed to commemorate important events, such as the Signing of the Declaration of Independence. They are reminders of our nation’s history.

While Morgan Silver Dollars, Large Cents, and Saint-Gaudens $20 Double Eagle Gold coins are all enjoyable, popular, and important series of coins, there is a segment of numismatics that is under-appreciated and, unquestionably, the most historically significant of all!

Early Colonial Coins and Currency were issued before our nation began. These relics bear testament to the courage of our nation’s Founding Fathers. Benjamin Franklin saw the need for the colonies to stop using British Coppers and Spanish Milled Dollars, if we were ever to become a truly independent nation. Under George Washington’s Administration, a Secretary of the Treasury, Alexander Hamilton, was named and a United States Mint was created in Philadelphia. The need for coins and currency was real and it was met, first by each of the 13 Original Colonies, and then by the Continental Congress.

Before the American Revolution, the American colonies relied upon foreign coins in order to transact business in America. This proved unreliable at best, as there were no standard denominations, and the supply of these coins was inadequate. A number of the colonies decided to strike their own coins, while still others contracted with private individuals and companies to mint coins for them. Massachusetts, Connecticut, New Jersey, New York, and Vermont were prolific in issuing their own coinage. In fact New Jersey actually has hundreds of varieties of their copper coins. As time progressed, the desire to offer a more standardized coinage that would be accepted by all of the colonies gained momentum. To answer that need, the Nova Constellatio pieces and Fugio Cents (designed by Benjamin Franklin) were produced as experiments to offer a Federal coinage. Additionally, Hibernia coins were minted by different private minters and a series of pieces used to honor former General and then President George Washington was struck. Colonial Coins are a truly interesting collectible that our Founding Fathers may have held in their hands.

There are two major types of Colonial CurrencyContinental Currency, authorized and issued by the Continental Congress but printed by private printers, and Colonial Currency, issued by each of the Colonies. During the Revolutionary War, the Continental Congress issued their own currency in order to pay the army and to pay all of their foreign and domestic war debts. The Colonies issued paper currency to pay their debts to the Federal Government and to serve as a medium of exchange within their borders. While the public strongly preferred Silver and Gold coins to transact their business, their reluctant acceptance of this paper money and the fact that these notes were inadequately backed by hard currency, gave rise to the expression “Not worth a Continental.” There is a special feeling about holding a note that was issued during our War for Independence or a coin that was struck during President George Washington’s administration and thinking about who also may have held that coin or note.

This is a great opportunity to hold “History in Your Hands!”

Ultimate Canadian Getaway – Winner Announced!

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In March 2015, APMEX launched the Ultimate Canadian Getaway Sweepstakes. Recently, the winner was chosen and we’re excited to congratulate John H. from California on his selection as the winner! The contest ran for a month and more than 5,800 people entered, either through mail-in entry or by purchasing select Gold and Silver Royal Canadian Mint products.

“We were thrilled to bring this opportunity of a once in a lifetime trip to Canada to our customers,” APMEX Chief Operations Officer Kenneth Lewis said. “We appreciate all who entered and thoroughly hope John enjoys the trip.”

John and his guest will be swept away on an exclusive all expenses paid getaway to Canada valued at over $3,500 USD. As part of his winnings, they’ll dine with a Royal Canadian Mint executive, take a photo with a 400 oz Gold bar, enjoy an exclusive behind the scenes VIP tour of the world-renowned Royal Canadian Mint and even get to partake in the process of minting a coin. Following this unforgettable experience, John and his guest will board a train to Montreal and delight in two nights’ accommodations at the historic Hotel St Paul. While in scenic Montreal, they will be treated with two tickets to the Montreal Museum of Fine Arts and the Botanical Gardens of Montreal.

During the stay in Ottawa and Montreal, John and his guest can enjoy fine dining, remarkable architecture, famed museums, festive events and exquisite sightseeing.

The Royal Canadian Mint is well-known for creating some of the most recognizable Precious Metals products in the world including the Gold or Silver Canadian Maple Leaf. If you haven’t seen our lineup of Gold and Silver from the Royal Canadian Mint, then you don’t know what you’re missing. View some of the RCM products available at APMEX: Silver Canadian Grey Wolf Coins, RCM Silver Bars, and RCM Gold Lunar Coins.

A Short History of Precious Metals Spot Pricing

Understanding spot pricing is essential to buying and investing in Precious Metals. The spot price represents the price of one ounce of raw, unprocessed Precious Metal. It’s the price point at which Precious Metals can be purchased and delivered this very instant. Precious Metals are traded 24 hours a day and spot prices are perpetually changing based on market speculation, current events, supply, demand and the value of various currencies.

Most investors can’t purchase Gold at spot price because it doesn’t include the cost of manufacturing and distributing a Precious Metal product. The mint or manufacturer will pay to produce the coin, round or bar, and dealers will in turn pay the manufacturer’s cost and slightly increase the price of a product in order to earn a profit.

Origins of Spot Pricing

Most all Precious Metals, but Gold and Silver in particular, have a long history with human civilization. Spot price, in comparison, is a relatively recent phenomenon.

Beginning in 1919, the London Gold Fixing has been the most common benchmark for the spot price of Gold. Members of the London Gold Market Fixing Ltd. telephoned into the offices of Nathan Mayer Rothschild & Sons twice daily to settle on the price of Gold. At that time, The London Gold Market Fixing Ltd. included some of the world’s largest Gold bullion traders and refiners.

In 2004, Barclays bought Nathan Mayer Rothschild’s place on the fixing. Ever since, fixing has taken place on a dedicated conference line to keep up with the demands of a global market.

Trends in the Price of Precious Metals

Throughout history, Precious Metal prices have experienced fluctuations. Peaks and valleys are to be expected, even in periods where the price of Precious Metals is at an average high or low.

Gold spot prices have increased since the 1960s experiencing spikes in 1980, 2008 and 2011. Since 2005, the spot price of Gold has risen, though prices in 2015 are not as high as those in 2011, 2012 and 2013.

The spot price of Silver has followed a similar trend: Down-swinging in the 1990s after a peak in the 1980s, a subsequent upturn after 2005 followed by spikes in 2012 and 2013. In 2015, Silver spot prices are almost back down to where they were in 2010 and 2011.

Curious about current spot prices or pricing trends for Precious Metals? Visit APMEX.com today, or give us a call at 800.375.9006.