12.2.11 Weekly Recap

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Merry Christmas from everyone at APMEX!

 

Gold continued to shine in analysts’ eyes this week as eurozone leaders scrambled to find a solution to Europe’s ongoing debt crisis.  Adrian Day, president of investment firm Adrian Day Asset Management, reflected this week on reasons why people have been buying Gold the past two years, citing “concern and distress of fiat currency paper money.”  Day said, “Gold is a solid asset which is going up.”  Central banks around the world came up with an agreement to aid financial markets, while China made the unusual move to cut the reserve requirement ratio (RRR) for commercial lenders.

Earlier in the week, the International Monetary Fund (IMF) denied that it was in talks to provide monetary aid to Italy; many analysts still expect that the IMF will have little choice but to act if the European economic crisis comes to a boiling point.  There was speculation that Germany might float additional bonds together with the eurozone’s five other triple-A rated nations and then use the proceeds to help Italy and Spain, but Germany quickly denied this speculation.  Finance ministers from the eurozone gathered this week at the headquarters of the European Union in an effort to rescue the euro and thereby protect the rest of the world’s economy from a debt-related financial collapse.  Also, global central banks reached an agreement to lower dollar-swap ratios to “ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.”  Alan Valdes, director of floor operations and vice president of trading at DME Securities, said, “The markets rallied with the news.  But if you stop and think about it, you have to realize what kind of danger the world is in for all the central banks to get together and save Europe.”Some warned that this agreement could backfire and pose a risk to U.S. economic expansion.

Last week’s Black Friday deals brought record retail sales in the U.S., resulting in a strong start for the stock market this week. Concurrently, a report from the Organization for Economic Cooperation and Development (OECD) indicated that the global economy is slowing, the eurozone is in a mild recession, and the U.S. may soon follow.  Although the economic news in the U.S. was somewhat rosier than the news from Europe this week, the opinion of many is that the European debt crisis is echoed in the U.S. by the inability of American leaders to conquer this country’s own debt crisis.  The congressional Super Committee might return to attempt another deficit cut; the House Minority Whip said that he would like a 90-day extension for the Super Committee to reach an agreement.  The jobs report showed 120,000 jobs were created in November, and that the jobless rate fell to 8.6%.

Credit ratings were predominant in the news this week as reports came out that France could lose its AAA credit rating as the result of a downgrade by Standard & Poor’s (S&P).  Fifteen major banking institutions (including six in the U.S.) had their credit ratings downgraded by S&P this week.  S&P also upgraded two Chinese banks, based on the view that banks in North America and Europe find themselves in greater danger of turmoil in the financial market, while Asia-Pacific banks have experienced relative stability.  Ritesh Maheshwari, S&P’s lead analytical manager of financial services ratings across the Asia-Pacific region, explained, “Money is flowing into emerging markets, so the health of their financial systems is continuously improving, whereas in the West, banks are battling with so many issues.”

For the first time in almost three years, China’s central bank cut the reserve requirement ratio (RRR) for its commercial lenders to ease credit strains and strengthen an economy that is showing signs of weakness. China’s manufacturing sector shrink in November, which helped to clearly define that country’s decision to encourage commercial lending to boost the economy.  Stephen Green, the China economist at Standard Chartered Bank in Hong Kong, said, “This is a big move — this is easing; it’s a clear signal that China is on a loosening mode.  The next move will be another RRR cut in January.”

At least two analysts expressed the view this week that Gold could reach a price of $2,000 as investors consider an exit from riskier investments.  During the week, Oliver Purshce, co-portfolio manager of the GMG Defensive Beta Fund, stated, “What will drive prices higher are fears of inflation … if you see the ECB print money, the Federal Reserve (ease), China change monetary policy — that would all be supportive of $2,000 Gold prices.”  In addition, Bank of Montreal strategy adviser Don Coxe said that instead of equities tied to the economy, investors should consider buying Gold-mining stocks or the metal itself.  Coxe said Gold would surpass $2,000 an ounce in the event of “a full-blown crash of the banking system in Europe.”

 

WEEKLY SPOT PRICES

Gold:
Spot Gold prices opened this week at $1,714.00. The high was on Friday, Dec. 2nd at $1,767.10, while the low for the week occurred on Monday, Nov. 28th at $1,686.70. Gold ended the week up $33.10 at $1,747.10. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $32.27. Silver reached a high of $33.74 on Friday, Dec. 2nd, while this week’s low for Silver occurred on Wednesday, Nov. 30th at $31.12. Silver ended the week up $0.41 at $32.68. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,545.30 and ended the week up $5.90 at $1,551.20. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $583.30 and ended the week up $61.00 at $644.30. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

 

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2011 1 oz. Pamp Suisse Gold Bar

Pamp Suisse Gold Bars have been produced in Switzerland since 1979 and are the most highly sought-after Gold investments in the world. Pamp Suisse, the world’s leading independent refiner of precious metals, controls more than half of the world market for Gold bullion ingots weighing less than 50 grams from its headquarters in Castel San Pietro, Switzerland. Each .9999 Fine Gold ingot is encased in tamper-evident “Signed Certicard” packaging with an assay card that guarantees the quality, weight and assayed precious metal content of each bar.

Most Pamp Suisse Gold bars are die-struck and bear the company’s famous “Lady Fortuna” design on the bar’s front. The design, widely regarded as one of the most attractive designs in the marketplace, is based on the Roman goddess of fortune accompanied by her traditional attributes: the rudder of fate and the cornucopia of plenty. The back of each bar is hallmarked with its purity, weight and serial number.

APMEX provides many opportunities to add this beautiful, world-class Gold investment to your precious metals portfolio. The bar selection ranges from 1 gram to 10 ounces. Best of all, APMEX customers now have a super opportunity to buy Pamp Suisse 1 oz. Gold bars at a great discounted price during the “12 Days of Christmas” promotion! Buy Gold Pamp Suisse bars for ONLY $39.99 over spot while supplies last. And there are no limits!

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10.28.11 Weekly Recap

Gold is becoming an increasingly important portfolio balancing tool. The World Gold Council reports that even if investors hold alternative assets, they are not a substitute for the protection offered by a distinct allocation to Gold. The council commented,  “Even a small allocation to Gold, by mitigating risk, can consistently increase the returns from a portfolio.”

Gold has had a good week with solid positive gains. “Nobody really wants to go short on Gold,” said Bernard Sin of MKS Finance SA. “I don’t think Europe will be out of the woods yet.” Currently, there is physical demand in India due to the Diwali festival. Nick Trevethan of Australia & New Zealand Banking Group Ltd. said, “We’re seeing some progress in Europe, but the market’s been  disappointed before. There’s still a lot of good reasons to be holding Gold. The world is still relatively shaky; we’re a low interest rate environment in  many parts of the world.”

Leaders in the euro zone have agreed upon a plan to shore up Greece’s debt burden and to contain the debt crisis in the whole region. In the agreement, private bondholders will take a 50% write-down on their holdings of Greek debt, the European Financial Stability Facility will be increased to over 1 trillion euros, and there will be a recapitalization of European banks.

However, even with a plan in place to help contain the euro zone debt crisis, naysayers are already coming out of the woodwork saying the measures taken are short term at best and expect doubts to return. “The very best you can hope for is it buys you time,” said Jonathan Loynes, Capital Economics’s Chief European Economist. “It avoids an imminent catastrophe and means Greece should be able to meet its obligations in the near future, and it may restore a bit of confidence. But it won’t prevent the debt crisis overall from rambling on and indeed escalating.” Greek Prime Minister George Papandreou came out in support  of the plan as well, saying, “The crisis gives us the opportunity and this agreement gives us time. We negotiated and managed to erase a very important  part of our debt. Tens of billions of euros have been lifted from the backs of the Greek people.”

The U.S. weekly first-time jobless claims report showed a drop of 2,000 while the four-week moving average fell closer to the pivotal 400,000 mark. In an optimistic report, the U.S. gross domestic product rose by 2.5% in the third quarter, showing that the economy is expanding at a rate nearly double that of the second quarter. Inflation is also believed to be down to the 2.0% level, which lowered from the 3.3% level in the second quarter.

Lawmakers may be becoming complacent in their efforts to close the federal spending gap; Reuters reported that many lawmakers do not think another credit rating downgrade could affect the economy. Congressman Michael Grimm said, “There have been some that think we can absorb another [downgrade] and they hide behind the fact that the credibility of the ratings agencies has been called into question.” The attitude that the United States is the “cleanest dirty shirt” may cause paralysis in a congress that is  divided on such a hot-button issue.

Hedge funds seem to be betting against another recession. Many have placed bets on commodities which generally increase in value while coming out of a recession. “People are looking around saying, ‘You know what, the world isn’t ending,’” said John Stephenson, SVP and Fund Manager for First Asset Investment Management Inc. Silver, Platinum, and Palladium are all very industrial metals with many uses as raw materials and an increase in manufacturing levels may mean increased demand for those as raw materials.

WEEKLY SPOT PRICES

Gold:
Spot Gold prices opened this week at $1,638.40. The high was on Friday, Oct. 28th at $1,754.00, while the low for the week occurred on Monday, Oct. 24th $1,636.60. Gold ended the week up $107.10 at $1,745.50. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $31.23. Silver reached a high of $35.70 on Friday, Oct. 28th, while this week’s low for Silver occurred on Monday, Oct. 24th at $31.23. Silver ended the week up $4.18 at $35.41. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,509.50 and ended the week up $140.10 at $1,649.60. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $616.40 and ended the week up $52.60 at $669.00. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Sunshine Gold Bars

APMEX is proud to offer Sunshine Minting Gold Bars in 5 gram, 10 gram, and 1 ounce sizes. Sunshine Minting is one of the premier minting companies in the world. Based in Idaho, Sunshine Minting is an American company that produces 24k (.9999  pure) Gold bars. These little pieces of inflationary protection come in their own tamper-evident packaging to ensure quality control and convenient storage.

APMEX and Sunshine Minting have come together to offer our customers high quality Gold bullion at affordable prices. Log on to APMEX.com to grab your own self-contained piece of perfection today.

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Video Commentary: The Potential Impact of the European Crisis on Investments

Is your portfolio ready?

With the European debt crisis continuing to escalate, now could be a critical time to review your asset allocation strategy, particularly as you consider the global economic outlook for the next 3 to 5 years. Having a well balanced portfolio – one that is properly diversified across all asset classes including stocks, bonds, cash and Gold – has perhaps never been more important.

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European Debt Crisis: Alternative Outcomes from History

No one can predict the outcome of the European Union (EU) debt crisis or the impact on the global economy. Regardless of the outcome, if you’ve allocated your investments among asset classes that historically do not move in the same direction, you’ve got a degree of protection for your portfolio. Learn more in our video commentary as APMEX Chief Executive Officer, Michael Haynes, reviews recent economic history and discusses three possible outcomes of the EU debt crisis and the potential impact on YOUR investments.

Uncertainty and Your Portfolio

Global uncertainty and the inter-relationships among world markets mean that an asset allocation strategy that includes exposure to non-correlated asset classes is an integral part of a long-term investment plan. Historically, Gold has played a key role in maintaining a well-balanced portfolio. As this chart shows, Gold has held – and even increased – its value over the past decade while the world’s major stock markets have suffered.

Your Asset Allocation Strategy

When determining your asset allocation strategy, you should consider each asset class – cash, bonds, stocks and Gold – and how each class is likely to perform over the next 3 to 5 years, based on your view and personal economic outlook. If you don’t have exposure to Gold, perhaps now is the time to consider how this world-class asset – with its history of offsetting the uncertainty in stocks and bonds – may help you achieve better balance.

Our Most Popular Products

APMEX offers a variety of precious metals investment options with beautiful Silver American Eagles and Gold American Eagles. Considered some of the most beautiful coins ever minted, American Eagles are among the finest bullion coins in the world. New and seasoned investors alike can purchase American Eagle bullion coins to cater to their individual investment needs.

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9.30 .11 Weekly Recap:

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As investors sold Gold to cover other losses, the price of Gold fell as low as $1,532 per oz. overnight on Monday, but rebounded quickly.  This quarter brought a 12% drop in the stock prices. The past week is the last week of the worst market quarter since the financial crisis; however, analysts expect the volatility to continue.   The European financial system is still in shambles.  The U.S. isn’t much better off (if at all). A November deadline looms over more deficit talks.

“Gold is one of the few assets that remain in positive territory this year, in a sense it is one of the last assets standing; as investors head for cash they sell the assets that have performed,” wrote Edel Tully, a London- based analyst at UBS AG, “While Gold’s retracement was not really a surprise, the depth of its plunge certainly was.”  Also, Silver prices fell as much as 16% to an overnight low of $26.07.  It has since rebounded above $30, but the Gold-to-Silver ratio rose up to 53:1; it has been in the 40:1 range for most of 2011.  The CME Group Inc. increased the margin requirements for both Gold and Silver as metal prices dropped below existing requirements two days in a row.  This action stabilized prices by removing some of the speculators from the market; the prices bounced higher and became steady later in the week.

The August durable goods report was released this week. The number of orders dipped by 0.1%; it had been expected to rise by 0.4%. The report indicated an unexpected slowdown in manufacturing. Orders placed for motor vehicles dropped by 8.5%. Platinum and palladium are highly used in the automobile industry, so this slowdown in motor vehicle bookings might have been a contributing factor to recent price declines in those metals. Stocks relinquished some of their earlier gains on the news of this report.

In a bit of good news, unemployment claims dropped by 37,000, finally breaking below 400,000 claims. The four-week moving average that is typically a better indicator of trends fell by 5,250 to 417,000. In order to show true improvement in the unemployment problem, the moving average needs to fall below 400,000.  This comes just after Federal Reserve Chairman Ben Bernanke called the weak labor market a “national crisis.”

Geopolitical issues continue in Yemen as a truce was broken after two people were killed in the capital city of Sanaa. Saudi Arabia and the U.S. fear that the unrest could endanger Western interests in the Gulf due to a large al Qaeda wing based in Yemen.   However, a key al Qaeda leader was killed in Yemen by a CIA drone strike early Friday.

The recent lowered gas prices are a signal that demand is low; the price of crude oil fell substantially.  Oil prices could be predicting another recession, as crude has fallen more than 15% in the last three months on fears that a recession will temper demand.  “Any resolution in Europe is likely going to result in lower spending…” said independent oil analyst Andrew Lipow, “…that means lower growth rates and poorer demand for oil.”  The U.S. Department of Energy also reported that gasoline demand was down last week by 2.4% from the previous year.

The market continues to suffer from headline risk – large swings in prices due to the headline du jour.  Markets were pushed higher on Thursday by news of lower jobless claims and the news that Germany’s parliament voted to pump more funds in the European Financial Stability Facility.

The bulls and bears continue to battle it out on Wall Street, but only time will tell who’s on the right side of history.

Weekly Spot Prices

Gold:
Spot Gold prices opened this week at $1,641.00. The high was on Tuesday, Sept. 27th at $1,679.20, while the low for the week occurred on Monday, Sept. 26th $1,35.00. Gold ended the week down $12.50 at $1,628.50. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $30.51. Silver reached a high of $33.59 on Tuesday, Sept. 27th, while this week’s low for Silver occurred on Monday, Sept. 26th at $26.15. Silver ended the week down $0.49 at $30.02. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,609.70 and ended the week down $89.31 at $1,520.40. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $636.80 and ended the week down $21.20 at $615.60. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

2011 5 oz Silver ATB Olympic National Park, WA

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Silver As Low As $2.49 Per Oz. Over Spot!

The Olympic National Park ATB coin is a 5 ounce .999 fine Silver coin designed with natural wonder in mind. The backdrop exemplifies the magnificent wilderness, while the Roosevelt Elk in the foreground brings living beauty to this coin.

Olympic National Park, located in Washington, boasts some of America’s best scenery. With four distinct ecosystems (coastline, alpine, rainforest, and forest), Olympic National Park is known to adventurers everywhere. Olympic National Park is located on a peninsula and is separated from the mainland by a mountain range. This beautiful 922,561 acre park is also home to the majestic Mt. Olympus.

The America the Beautiful Silver bullion program marks a significant change for the U.S. Mint’s coin offerings with the introduction of the larger format of five Troy ounces of Silver bullion. The entire 56-coin collection will display the beauty and diversity of America’s National Parks and sites. The coin designs duplicate each of the American the Beautiful Quarters. The Silver Series will be issued over the course of 12 years.

Own your 5 oz. America the Beautiful Silver coins today!

Balance your portfolio with the 4th asset class of Gold.

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9.23.11 Weekly Recap

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The $3 trillion deficit plan devised by President Obama was unveiled Monday; it featured a heavy emphasis on increased tax revenues from the wealthy. Today, the President stated, “”I will not support any plan that puts all the burden on closing our deficit on ordinary Americans. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.” The President’s comments referred to the idea, often repeated during today’s remarks, that all Americans should pay a “fair share” of taxes, as well as his vow to veto any Medicare cuts unless Congress raises taxes on the wealthy and corporations.

Republican leaders were dismissive of the President’s plan. They were deriding it as a political stunt that is unlikely to ever be made into law. In response to the plan, Mitch McConnell, Republican Senate leader, stated, “Veto threats, a massive tax hike, phantom savings, and punting on entitlement reform is not a recipe for economic or job growth,” while Potomac Research Group’s chief political strategist Greg Valliere said, “This is purely politics, aimed at Obama’s demoralized base. It undoubtedly has been poll-tested, so now Obama has a populist campaign issue. There’s obviously no chance this could pass (on a vote in Congress).”

Monday also brought a credit rating downgrade on Italian bonds by Standard & Poor’s (S&P) on concerns that the on going debt crisiswill raise borrowing costs throughout the euro zone. This move surprised many and only puts more pressure on policymakers to lead. The chief commodity analyst at Oslo based SEB AB sees Gold prices going higher until political leaders implement effective action. Bjatne Schieldrop said, “Under current circumstances, a long position in Gold is highly recommended.”

The International Monetary Fund (IMF) released a report Tuesday which stated that the global outlook for economic growth was for a “weak and bumpy expansion,” which equates to a cutback to 1.5% from 1.8% and Europe being cut to 4% from 4.5%. The IMF’s Chief Economist, Olivier Blanchard, commented on the negative global outlook, “There is a wide perception that
policymakers are one step behind markets…Europe must get its act together
.” The IMF also forewarned the U.S. that hasty budget cuts could further weaken growth and added that the U.S. Federal Reserve should be ready to offer to further ease monetary policy.

The Fed released its plan for further easing on Wednesday, saying it will implement a plan known by the public as “Operation
Twist.” The Fed’s plan is to flatten the yield curve of U.S. Treasuries by selling short term bonds to buy long term bonds. This would push down the interest rate the government pays on 10-year T-Bills. Many other long-term loan interest rates (such as mortgage and business loans) are based on the rate of the 10-year Treasury bond. The net effect would be a reduction in borrowing cost for homeowners and businesses. If everything goes according to plan, the result would be job creation.  Following the announcement, both precious metals and stock markets fell sharply, with the Dow closing down 391 points on Thursday.  Precious
metals
continued their downward momentum on Friday with Gold down by as much as $100 by the time of this writing.

Typically, Gold follows the stock market down on days with significant downward momentum such as Yesterday. Traders have to sell whatever they can to raise cash and cover margin calls. They literally go by the motto coined by Art Cashin, “if you can’t sell what you want, then sell what you can.” Gold is liquid; they need cash, so Gold gets sold. Speaking of Art Cashin,
he is quoted today as saying stocks have not bottomed yet.

On Friday, the U.S. stock market was choppy, but precious metal prices continued to plunge. Hedge funds sold Gold and this is the number one reason why Gold prices were down. The big question: “Are they selling because they are no longer bullish on Gold or are they selling because they need to raise cash quickly and Gold is a highly liquid asset?” Hedge funds not only need to raise
cash to cover margin calls in turbulent times like these but redemption requests increase. Michael Gayed, Chief Investment Strategist for Pension Partners comments, “The tendency for individual hedge funds or anybody is to sell winners before they sell losers. What’s been one of the few winners this year? It’s been Gold.” Not all funds are selling and there are still some
strategists who predict Gold to reach $2,300. After all, even with the pullback, Gold is up over 20% for the year.

Art Cashin, Director of Floor Operations at UBS Financial Services, says there might be a Thursday–Monday scenario in play, that could cause a massive rally in the markets next week. Mr. Cashin explains that we might be about to experience this historical trading pattern. The Thursday-Monday pattern begins with a steep decline on Thursday with very high volume. Friday’s markets
turn choppy (high volatility) and then weekend news sets the market up for a massive sell-off (capitulation) on Monday. The sell-off usually ends by Monday, but can extend into Tuesday. Shortly thereafter, capitulation is followed by a massive rally.

Enjoy the weekend! Who knows what the markets will bring this Monday?

Weekly Spot Prices

Gold:
Spot Gold prices opened this week at $1,812.80. The high was on Monday, Sept. 19th at $1,832.90, while the low for the week occurred on Friday, Sept. 23rd $1,631.70. Gold ended the week down $152.90 at $1,659.90. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $40.73. Silver reached a high of $40.90 on Monday, Sept. 19th, while this week’s low for Silver occurred on Friday, Sept. 23rd at $29.85. Silver ended the week down $9.69 at $31.04. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,813.70 and ended the week down $193.20 at $1,620.50. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $736.30 and ended the week down $99.50 at $636.80. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

   2011 1 oz. Silver American Eagle

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2011 brought with it a newly designed Silver American Eagle. This current date of the Silver Eagle will only add to the coin’s legacy as the most popular Silver bullion coin in the world. Another interesting tidbit about the 2011 Silver American Eagle is the minting location. 2011 is the first year Silver Eagles have been minted at the San Francisco Mint since 1998.

The U.S. Mint began minting the Silver American Eagle (SAE) in 1986.  The 26 years of mintage have produced over 225 million SAEs.  Since 2000, demand for these coins has exploded.  These 2011 coins trade at premiums close to common-date Silver American Eagles, which makes their current date a bonus of sorts.  The 2011 SAE is a brilliant uncirculated coin that can be bought in bulk at APMEX.com and used in Precious Metals IRAs while potentially adding numismatic value to your investment.

Balance your portfolio with the 4th asset class of Gold today.

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 APMEX Commentary via RSS feed and the  APMEX Blog via RSS feed.

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