A Special Message from Michael Haynes, CEO of APMEX.

 

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With the looming debt ceiling crisis, Michael Haynes, CEO of APMEX, offers his unique perspective about the global and U.S. economies in these uncertain times and highlights the importance of diversifying your investments. As CEO of one of the world’s largest and most trusted online precious metals dealers, his insight comes from more than 30 years in the precious metals industry.

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How The Debt Ceiling Affects YOU

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With the recent chatter about the U.S. debt ceiling, the possibility of a default, and a credit ratings downgrade for the U.S., it’s easy to want to tune out the noise.  Many people have the misconception that the whole situation doesn’t affect the average American; the world of high finance is so far removed from their world as to not have an impact on their way of life.  Nothing could be further from the truth.  Let’s take a look at how government bonds tie all the way from Wall Street to Main Street.

When the government needs to borrow money, it cannot resource a local bank branch for a loan.  To borrow money, our government sells bonds to investors.  These investors are mostly foreign central banks and large investment institutions.  The investors buy the bonds which gives money to the government.  The government pays the investor back their original investment, plus interest, over time.  The interest is based on both the market conditions at the time and the creditworthiness of the government (loan rates are determined by the borrower’s credit score). 

In the case of the U.S., the government’s credit rating is AAA (pronounced “triple-A”) which is the highest rating possible.  For this reason, the U.S. government pays astonishingly low interest rates.  At the time of this writing, the interest rate on a 10-year U.S. treasury bond is 3.03%. The high U.S. credit rating is currently under review by many of the credit ratings agencies.  Even without a government default, many agencies are considering downgrading the U.S. credit rating simply because our government’s current spending path is completely unsustainable. If the U.S. credit rating is downgraded, then the U.S. will pay higher interest rates to attract investors to purchase their bonds.

The U.S. bond interest rate forms a foundation for all other interest rates.  In other words, the higher the interest rate on U.S. bonds, the higher the interest rate will be for all lines of credit. This is called a direct correlation.  The U.S. will pay higher interest in order to get investors to buy their bonds; therefore, U.S. citizens will see their loan rates go up.  For example, the average 30-year fixed mortgage rate is typically, but not always, about 1.7% above what the government pays to borrow money. If the government pays a higher interest rate on U.S. bonds, then mortgage rates and other loan rates will increase.

This trickle-down effect could be seen throughout our economy.  From the homeowner looking for a mortgage, to the small business owner looking to expand, a shopper looking for a new television, or even the farmer who needs a loan to get through the growing season, credit is the oil that lubricates our economy.  Additionally, if the U.S. credit rating is downgraded, we could soon be paying higher prices for all purchases.  It won’t matter how high an individual’s credit score is or how many bills he or she has paid on time, that person will still be subject to the rising tide of interest rates.  A rising tide lifts all boats and this tide may be coming as we speak.

By Robert Davis, APMEX Account Manager

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Weekly Recap 7.1.11

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Happy Independence Day, America!

As U.S. Independence day approaches, the American debt crisis is becoming the main focus of the news. The attention on the European Union’s problem was lessened due to recent developments in Greece making a bailout seem more likely. Greece and the euro zone crisis has not resolved, but the shift in focus probably reflects a sentiment that the American debt crisis is more imminent. 

The week started with the bipartisan meetings on debt ceiling already fractured after republicans walked out on Friday, citing disagreement over tax increases.  On Monday, President Obama met with leaders from both parties individually in an attempt to restart talks.  The deadline to pass an agreement to lift the debt ceiling is August 2, at which time the U.S. would have a bond payment due without the means to pay it.  This would result in default, which most analysts agree, would push the U.S. back into a recession.  Standard & Poor’s, a ratings agency, said they will lower the rating on U.S. debt to “D,” the lowest possible, if an agreement to raise the debt ceiling isn’t reached in time.

Things didn’t look much better for the U.S. on Tuesday.  Republicans and Democrats became further entrenched in their respective camps.  Things were on the upswing for Greece however, as France and Germany pushed for a “Plan B” for Greek debt in an effort to prolong a default and allow themselves as long as possible to prepare for it.  A default still looks inevitable. Also, the IMF got a new chief, Christine Lagarde.  This announcement follows the arrest in New York of Dominique Strauss-Kahn, former head of the IMF.

Greece’s parliament passed new austerity measures on Wednesday. This move was demanded by EU members and by the IMF in exchange for another round of bailout aid.  Some experts remain skeptical of the final outcome, and hold the view that a default is still inevitable.

QE2 officially ended on Thursday.  The weekly jobless numbers were released and the report showed an extremely slight improvement in the unemployment situation; the data only showed a decrease of 1,000 unemployed workers.  Also on Thursday, protests sprang up in Egypt.  Thousands of people, mostly youths, took to the streets of Cairo, were frustrated at the slow pace of court cases against top officials of the previous regime.

The Institute for Supply Management released data on Friday showing an increase in manufacturing productions, easing fears of a double dip recession.  The stock market had a strong positive response with major indexes posting impressive three percent gains for the week.  The dollar also strengthened which brought the price of metals down somewhat.

Gold:
Spot Gold prices opened this week at $1,501.40. The high during the week was on Thursday, June 30th  at $1,514.80, while the low for the week occurred on Friday, July 1st at $1,478.30. Gold ended the week down $13.70 at $1,487.70. 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 $34.43. Silver reached a high of $35.16 on Thursday, June 30th while this week’s low for Silver occurred on Monday, June 27th at $33.38. Silver ended the week down $0.50 at $33.93. 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 $1,678.40 and ended the week up $42.10 at $1,720.50. 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 $734.30 and ended the week up $27.70 at $762.00. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

 

Featured Product of the Week:    1 Ounce Silver Britannia Coins

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In 1997, the Royal Mint produced one-ounce Silver Britannia coins issued only as proofs with a mintage of 20,000. Created to appeal to both collectors and investors alike, the design of the Silver Britannia coin pays tribute to British nationalism and pride.

The obverse of the 1997 issue of the silver coin features the “Third Portrait” used on British decimal bullion coins dated from 1985 to 1997. In 1998, the obverse design of the Silver Britannia coin changed to depict the “Fourth Portrait,” a more mature likeness of Queen Elizabeth II. The reverse of the Silver Britannia coin illustrates the Standing Britannia, which appears in a horse-drawn chariot and resembles the Roman figure Boudica. The Standing Britannia image was originally engraved by G.W. De Saulles and used on the Gold Britannia coins for most of the issues following 1987. The Royal Mint seems to have settled on a pattern of alternating the classic Standing Britannia image and a special design on the reverse of the Silver bullion coins.

The Silver Britannia coins are also popular for their Silver value. With a face value of two pounds, the Silver bullion coins are .958 fine Silver, as opposed to the standard British sterling of .925 fine Silver. APMEX sells Silver Britannia coins in uncirculated and proof. APMEX makes it easy to buy the Silver Britannia coins of your choice by offering a wide selection of Silver Britannias and competitive Silver prices on all Silver bullion coins.

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Market Recap 6/3/2011

Another week, another disappointing jobs report. The ADP private sector jobs report showed just 38,000 new private sector jobs in May whereas it was fully expected to be up by 175,000 new private sector jobs. The futures market opened low today as investors and analysts awaited this report. After the report was released, the futures market fell even further. When will economists stop being caught off-guard by low numbers? Some suggest they are in denial that the economic recovery is slowing down.  Fears of a double-dip recession seemed to hang on today’s nonfarm payrolls report. To put the report in perspective, April numbers showed an increase of 244,000 jobs. Analysts predicted May numbers would be approximately 125,000 jobs. The increase was actually just 54,000 (a nine-month low.) The unemployment rate sits at 9.1%. Stock futures tumbled along with the U.S. dollar index and gold recovered from early-morning losses.

Earlier in the week, there were hopes that Greece would finally be getting the economic help it needs to sustain itself. However, Moody’s has cut Greece’s credit rating by three notches, which drops the score into an extremely speculative phase. This news infers that the payoff of Greek debt is no longer based on funds and paybacks of loans, but speculation. The outlook is quite negative. Greece’s Finance Ministry disputes the credit rating cut and claims the government’s attempts to gain traction has not been taken into consideration, “[The downgrade] is influenced by intense rumour in the media and overlooks the Greek government’s pledges to achieve its fiscal targets for 2011 and to accelerate privatizations.”

News has circulated about a crisis in Yemen but most people have ignored the signs since the small country seems irrelevant to the bigger picture. Is this an accurate opinion? The Yemen situation is so dire that it may take years to recover. How is this relevant? The small country is in financial trauma and it needs restructuring as well as stronger leadership. The domestic oil supply and electricity was cut off by hostile tribes because of the crisis and resulting chaos. Food and water are becoming scarce. At times like these when food and water have become scarce, people are desperate for someone to take control and bring peace. Who desires to assist an oil-rich company?

A  Marketwatch financial analyst announced that, at the moment, gold is the choice that makes the most sense for investors. He explained,”Polls show that while most Americans see the need for the federal budget deficit to be cut, the majority of citizens are not prepared for cuts in Medicare and other entitlements that are necessary to materially reduce it. …And then there is the historical side of it: No fiat currency has ever survived.”

WEEKLY GOLD PRICES
Spot Gold prices opened this week at $1,538.10. The high during the week was onWednesday,June 1st, at $1,551.60, while the low for the week occurred on Thursday, June 2nd, at $1,520.40. Gold ended the week up $6.00 at $1,544.10. 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.

WEEKLY SILVER PRICES
Spot Silver prices opened this week at $38.12. Silver reached a high of $38.77 on Tuesday, May 31st, while this week’s low for Silver occurred on Friday, June 3rd, at $35.07. Silver ended the week down $1.74 at $36.38. 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.

WEEKLY PLATINUM PRICES
Spot Platinum prices opened this week at $1,806.10 and ended the week up $11.30 at $1,817.40. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

WEEKLY PALLADIUM PRICES
Spot Palladium prices opened this week at $764.50 and ended the week up $20.80 at $785.30. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Product of the Week:  2011 1 oz. Silver American Eagle

 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.

 

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Market Recap 5/27/11

The European Union’s debilitating plague of a debt crisis continues to dominate news headlines this week. Italy was downgraded from an A+ to an A-, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insurance sector and the basic-resources sector in Europe to neutral from overweight today, and the industrial goods and services to underweight from neutral. Last weekend, local elections in Spain rejected any move towards austerity measures. This week, the Greek public did the same. This week’s election result in upstate New York are an indication the U.S. may not be ready to experience the pain of cut-backs either.

China is rapidly closing in on India, as the world’s largest consumer of Gold. Although China is one of the leading producers of Gold, they cannot produce near enough to satisfy their appetite. Gold production should reach 400 tonnes by 2014 with a gain of 19%, but still the demand will be for 700 tonnes. In the first quarter of 2011, China bought more Gold than the combined totals of the developed Western Nations. Demand in France, Germany and Switzerland increased triple-digits, yet China outpaced them all put together. Despite this strong rise in per capita consumption, an analyst from Standard Chartered Bank said that there is still much room to grow, “In terms of Gold consumption per capita, there is no doubt that [China and India] have a lot of catch-up potential and the impact on Gold prices could be dramatic.”

The financial instability in the euro zone gave some stabilizing strength to the U.S. Dollar this week but the end result did little to curb people’s appetite for Gold. Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago, says, “People see the whipsaw in the currencies market and they want to buy Gold and call it a day.” Most analysts would attribute this to Gold being historically less volatile. Gold is viewed as a means to protect wealth through portfolio diversification and asset allocation.

The U.S. GNP report was released this week and the U.S. economy grew less than expected in the 1st quarter…up only 1.8%. The weekly jobs report again indicated a surprising move upward.

As the week ends, international markets are focused on Greece while our thoughts are on the demise of the QE2 program. The U.S. Dollar Index was down almost 0.9% at mid-day today. Some analysts question if we will be heading toward a double dip recession. “…[W]e continue to expect a disappointing bounce back to just 3% growth in the second half of the year. The slow-down feels very similar to last year’s soft patch,” according to economist Ethan Harris. Will the fragile U.S. economy be able to make a significant move upward in the next 3-5 years?

GOLD PRICES:
Spot Gold prices opened this week at $1,515.10. The high during the week was on Friday, May 27th, at $1,539.50, while the low for the week occurred on Monday, May 23rd, at $1,503.70. Gold ended the week up $23.00 at $1,538.10. 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 PRICES:
Spot Silver prices opened this week at $35.17. Silver reached a high of $38.85 on Thursday, May 26th, while this week’s low for Silver occurred on Monday, May 23rd, at $34.34. Silver ended the week up up $2.95 at $38.12. 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 PRICES:
Spot Platinum prices opened this week at $1,774.90 and ended the week up $31.20 at $1,806.10. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

PALLADIUM PRICES:
Spot Palladium prices opened this week at $739.60 and ended the week up $24.90 at $764.50. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

APMEX Product of the Week: 40% Silver Coin Bags

Today, a popular and convenient way of investing in precious metals is purchasing bags of U.S. Silver coins containing 40% Silver. As the price of Silver began to increase in the 1960s, the U.S. Government began seeking a more cost-effective alternative to the minting of 90% Silver content coins. In honor of the assassinated President Kennedy, the U.S. Mint began minting half-dollars depicting Kennedy that were 40% Silver instead of 90%. The Kennedy half-dollars consisted of an inner layer containing 79% copper and 21% Silver. This inner layer was clad by an outer layer of 20% copper and 80% Silver. Thus, rather than containing 90% Silver, the Kennedy halves contained a total of 40% Silver and 60% copper.

These 40% Silver Kennedy half-dollars were the last regularly-circulated coins from the U.S. Mint that still contained Silver. Extremely popular among Americans interested in collecting a memento of President Kennedy, the coins quickly disappeared from circulation after their release. Even after the U.S. Mint increased the production of the coins, the Kennedy half-dollar still remained more of a collector’s item than a widely-circulated coin. While the Kennedy halves are still available from the U.S. Mint, the coins continue to have a limited circulation and primarily meet the demands of collectors.

For investors, $1,000 and $500 face value bags of 40% Silver Kennedy halves minted between 1965 and 1969 are convenient and easy ways to own Silver. Not only are 40% Silver coins legal tender that will never lose their face value, but they are also Silver coins that do not have the high premiums associated with one-ounce Silver bullion coins, such as the Silver American Eagle coins. Unlike many other methods of investing in precious metals, buying 40% Silver bags is extremely versatile. Investors who buy Silver bags can trade the bags in units or sell and trade the coins individually.

If you are looking to purchase Silver in the most cost-efficient way, the 40% Silver coins from APMEX are a great option. APMEX makes it easy to buy Silver by offering competitive Silver prices on all Silver products.

Market Recap 5/20/11

News that IMF director Strauss-Kahn was arrested early in the week on attempted sexual assault charges came as a shock to the international finance community. As of Friday, he had resigned as the IMF Director, effective immediately. However, serious questions remain as to the full ramifications and impact this may have on the different negotiations he was involved with in abating the European financial crises facing Portugal and Greece.

Precious metals moved up and down this week to finally end on a generally more positive note. Gold and Silver both saw modest gains as Euro-zone debt fears resurfaced lead by the news that Greece is still headed for restructuring. Spain also is in the spotlight as Spanish citizens go the polls this weekend with the ruling party expected to suffer. Spain has a larger economy than the other embattled Euro-zone economies of Ireland, Portugal, and Greece combined.

Compared the basket of global currencies it is normally compared with, the dollar strengthened this week. Typically, a stronger dollar means lower prices for Gold as it becomes more expensive for holders of foreign currency to own. Gold’s historic safe haven has bolstered its strength giving it the stamina to gain alongside the dollar as the European Union addresses the debt fears of its member nations.

The stock market has ended the week on a sour note as poor retail data from companies like GAP Inc and Aeropostale each lost more than 14 percent after cutting profit forecasts for the year. They cited higher costs for raw materials and sluggish sales for the change in forecast.

Gold:
Spot Gold prices opened this week at $1,499.70. The high during the week was on Friday, May 20th, at $1,515.80, while the low for the week occurred on Tuesday, May 17th, at $1,471.10. Gold ended the week up $15.40 at $1,515.10. 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 $35.59. Silver reached a high of $35.75 on Thursday, May 19th, while this week’s low for Silver occurred on Tuesday, May 17th, at $32.96. Silver ended the week down $0.42 at $35.17. 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 $1,768.50 and ended the week up $6.40 at $1,774.90. 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 $711.90 and ended the week up $27.70 at $739.60. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the Austrian 100 Corona Gold Coins.

Because of the history behind them, the Austrian 100 Corona Gold Coins are some of the most interesting coins in the world. For example, the Austrian 100 Corona Gold Coins were among some of the first Gold bullion coins available upon the enactment of an executive order on December 31, 1974, that re-entitled Americans to own Gold bullion. In addition to their availability at the time of the 1974 order, the Austrian Corona Gold Coins are also fascinating because they are restrikes, which are official reproductions of coins that were originally minted for circulation. Issued from 1908 to 1914, the Austrian 100 Gold Coins first featured their date of issue. However, after the death of the Austrian Emperor Franz Joseph, the Gold coins were produced as commemorative pieces and were dated 1915.

Minted in Vienna Austria, the Austrian 100 Corona Gold Coin is .900 fine Gold (21.6-karat Gold) and contains 0.9802 troy ounces of Gold. Designed by Stephan Schwartz, the Austrian 100 Corona Gold Coin pays tribute to Austrian nationalism and pride. The obverse of the Austrian Corona Gold Coin displays a portrait of the Austrian Emperor Franz Joseph I, who ruled from 1848 to 1916. The reverse features the Austrian Coat of Arms, depicting a double eagle and a crown. Moreover, the edges of the Austrian 100 Corona Gold Coins include the lettering Vnitus Viribvs, which means “the unified strength,” a well-known motto attributed to Franz Joseph I. No longer minted, the Austrian 100 Corona Gold Coins are some of the lowest-premium Gold bullion coins available on the world coin market. Appealing to both collectors and investors alike, the Austrian 100 Corona Gold Coins have begun to attract attention for both their unique history and low premium Gold status.

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Market Recap 5/13/11

Precious metals had another topsy-turvy week, with gains and losses every day this week following last week’s sell offs. The U.S. Dollar was down Monday after a 3% rally last week with rumors that Greece might leave the European Union. These factors contributed to the lower metal prices last week; however, David Morgan, founder of Silver-investor.com, is still bullish for the metals. “The fundamental fact remains that you cannot print wealth. As long as Federal Reserve Chairman Ben Bernanke and other central bankers in the world try to print wealth you’re going to have more and more upside for the metals,” says Morgan.

Paul Mladjenovic, author of “Precious Metals Investing for Dummies,” said Gold looks “very strong” and any pullback will be minor as the market expects some dollar strength and some euro weakness. In fact, the typical reasons for precious metals to be a safe haven for investors – inflation fears, a weak dollar, and geopolitical fears are still prevalent in the marketplace.

Stocks traded lower Friday primarily driven by concerns over inflation and a strengthening dollar. “Core inflation is beginning to accelerate. Bernanke may be on the wrong side of this while some of the regional Fed presidents may be closer to the mark,” said Michael Strauss chief economist and chief investment strategist at Commonfund.

Charles de Vaulux, mutual fund manager, suggests that you should own Gold bullion as a part of your diverse portfolio of assets. “We control risk by owning Gold,” de Vaulx said. “As long as the policymakers are being irresponsible, it’s good to own some Gold, especially if the dollar keeps falling.” U.S. bonds, long thought of as a rock-solid investment, have come under increased scrutiny lately with the potential for high inflation and the debt ceiling looming, raising the possibility of a default on U.S. bonds. De Vaux is currently shorting U.S. government debt.

Gold:
Spot Gold prices opened this week at $1,500.70. The high during the week was on Wednesday, May 11th, at $1,526.80, while the low for the week occurred on Thursday, May 12th, at $1,477.60. Gold ended the week down $1.00 at $1,499.70. 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 $35.85. Silver reached a high of $39.47 on Wednesday, May 11th, while this week’s low for Silver occurred on Thursday, May 12th, at $32.30. Silver ended the week down $0.26 at $35.59. 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 $1,791.60 and ended the week down $23.10 at $1,768.50. 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 $717.20 and ended the week down $5.30 at $711.90. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Beginning on January 3, 2011, the 2011 Gold American Eagle Coins became available to each of the United States Mint’s authorized purchasers. An official Gold bullion coin of the United States, the Gold American Eagle Coin has become one of the most popular coins on the world market. Since its release by the United States Mint in 1986, the Gold Eagle has featured the same basic design. Displaying a design created by Augustus Saint Gaudens, the obverse of the Gold American Eagle depicts the figure of Lady Liberty, who holds a torch in her right hand and an olive branch in her left hand. In the background is a rendition of the Capitol building in Washington, D.C. The reverse of the Gold Eagle illustrates a nest of American Bald Eagles, a symbol of American nationalism and pride.

Available in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations, the 2011 Gold American Eagle appeals to both collectors and investors alike. In addition to its beautiful design, the Gold Eagle is also a Gold gem for its value. Containing 91.67% pure Gold, the 22-karat Gold American Eagle Coins have a market value that usually equals the market value of their Gold content. Moreover, the 2011 Gold American Eagles are eligible for precious metals IRA accounts and can potentially enhance any coin collection or investment portfolio.

Having gained international popularity since its debut, the Gold American Eagle is a coin that will most likely continue to attract attention from coin collectors all over the world.

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