GOLD MEXICAN 2 PESOS

gold, gold prices, buy gold, gold coins, gold bullions, gold price, gold spot 

 

For the next 48 hours, you can buy the Gold Mexican 2 Pesos for as low as $1.99 per coin over spot. This special pricing is only while supplies last until 3:00 p.m. CDT, Sept. 2nd.

The Gold Mexican 2 Pesos is an inexpensive way to buy a coin featuring the original Mexican coat of arms and eagle design from 1919 when the coin was introduced. The reverse has the denomination surrounded by a garland wreath.

Usually, smaller coins have a larger premium per ounce; this specially-priced coin gives you the opportunity to add to your Gold portfolio for under $100 per coin.

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

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Market Recap 1/28/11

This week was one of contrarian messages. On one hand, there were forces indicating that the economy had turned the corner and would continue to improve. Presidents Obama’s State of the Union Address certainly painted such a picture. There was also supporting economic data, such as Friday’s GNP report. On the other hand, news surfaced that continued to inflame concerns about the global debt crisis. Japan’s long term debt rating was downgraded by Standard & Poor’s. It is apparent that the US Unemployment Rate is not going to improve significantly anytime soon. All week long, news of rioting and societal unrest in Egypt surfaced, reaching a fever pitch in the media on Friday, driving stocks down and precious metals prices up yet again.

No matter your opinion of the President’s State of the Union Address, it was decidedly more pro-business and most definitely upbeat on the economy. It was criticized for lack of details, although President Obama did propose a five-year freeze on non-discretionary defense spending. Most analysts depict this as “spare change” and an avoidance to tackle the more serious issues like raising taxes and cutting entitlement programs. The stock market began to move up and precious metal prices moved down. Perhaps the President should have coordinated better with the Federal Open Market Committee because the afternoon after he gave his speech, they came out with a more pessimistic view of the economy. Precious metal prices immediately began to surge.

By Thursday the pendulum had swung once again. The market once again developed a taste for risk so the stock market went way up and precious metals went way down. Never mind that the applications for jobless benefits went up.

Friday began slowly with a distinct downward pressure on precious metal prices. By mid-morning, the rumblings going on all week about riots in Egypt received more serious attention and began to strike fear in the heart of the risk takers. Money began to flow out of the stock market and raced towards more safe haven investments. Gold had its biggest jump in 12 weeks.

Gold:
Spot Gold prices opened this week at $1,343.40. The high during the week was on Monday, January 24th, at $1,354.00, while the low for the week occurred on Friday, January 28th, at $1,309.10. Gold ended the week down $3.80 at $1,339.60. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, 2010 1/4 oz. Gold American Eagles and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $27.56. Silver reached a high of $28.03 on Friday, January 28th, while this week’s low for Silver occurred earlier on Friday, January 28th, at $26.30. Silver ended the week up $0.47 at $28.03. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, and 1 oz. Silver Buffalo Rounds.

Platinum:
Spot Platinum prices opened this week at $1,829.70 and ended the week down $32.50 at $1,797.20. Popular Platinum products this week included, 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $823.40 and ended the week down $5.40 at $818.00. 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 Mexican Gold Libertads.

While coin collectors all over the world have long admired the beauty of the Mexican Gold Libertad bullion coins, many people are not familiar with the love story that inspired the coin’s striking design.

According to a Pre-Columbian legend, a warrior named Popocatepetl fell in love with Iztaccihautl, a king’s daughter, and earned a tentative marriage blessing from the king, on the condition that he win a battle against a rival tribe. While the battle delayed the warrior, a rival suitor started a rumor that Popocatepetl had been killed in the battle, and the fair maiden died of a broken heart.

Upon finally returning as the victor from the battle, Popocatepetl discovered the fate of his lover and buried her on top of a mountain range that assumed the shape of a sleeping lady in honor of the dead maiden. Grief-stricken, Popocatepetl climbed an adjacent mountain in order to keep eternal watch over his beloved.

To memorialize these legendary lovers, the Gold Libertad depicts a graceful angel and Popocatepetl and Iztaccihautl, the two iconic Mexican mountain peaks named after the lovers, on its obverse. Moreover, the Gold Libertad, also known as an “Gold Angels,” further celebrates the Mexican heritage on its reverse by featuring the Mexican Coat of Arms symbol of an eagle perched on a cactus, clutching a serpent in its beak.

Showcasing the design of the angel and the “Lovers’ Peaks” since 1991, the Libertad not only radiates beauty, but also preserves a Mexican legend of love and romance. A gem for collectors and investors alike, this gold coin contains 99.9% fine gold and is available in convenient 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. weights. For its reflection of Mexican tradition and its gold value, the Libertad is a gold coin worth adding to any coin collection.

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Market Recap 12/10/10

This week was a time where recent news like the Fed QE2 , the European debt crisis, tax cuts, Chinese monetary policy and the US dollar are all nearly digested and losing their steam in the minds of investors. As the news cycles slow down, markets typically see a dip and then sideways trading until the next news event. Since precious metal prices react favorably to unexpected events that cause negative consequences, it is hard to predict the next big move.

Supply is flat at best, as mines struggle with rising costs and labor issues. Central banks who traditionally are net sellers of Gold, thus increasing supply, are now net buyers, so they compete for supply and raise demand. Even if China’s demand for iron ore goes down, if their construction industry slides, do not underestimate their appetite for Gold. The amount of Gold they hold in their foreign reserves is less than 3% and they have stated their intentions to bring this up to the level of Germany, who is over 50%.

Gold:
Spot Gold prices opened this week at $1,416.00. The high during the week was on Tuesday, December 7th, at $1,432.50, while the low for the week occurred on Wednesday, December 8th, at $1,372.10. Gold ended the week down $30.50 at $1,385.50. This week, the most popular Gold bullion products were 2010 1 oz. Gold American Eagles, 1 oz. Gold Maple Leafs and 1 gram Sunshine Minting Gold Bars.

Silver:
Spot Silver prices opened this week at $29.43. Silver reached a high of $30.74 on Tuesday, December 7th, while this week’s low for Silver occurred on Wednesday, December 8th, at $28.01. Silver ended the week down $0.73 at $28.70. The most popular Silver products on APMEX.com this week were 2010 Silver American Eagles, 1 oz. Silver Buffalo Rounds and 1 oz. APMEX Silver Rounds.

Platinum:
Spot Platinum prices opened this week at $1,732.30 and ended the week down $48.30 at $1,684.00. 1 oz. Pamp Suisse Platinum Bars, 1 oz. Platinum American Eagles and 1/2 oz. Platinum American Eagles continue their popularity with investors.

Palladium:
Spot Palladium prices opened this week at $769.80 and ended the week down $36.50 at $733.30. 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 features a different bullion product for the benefit of our readers. This week, we are featuring Silver Mexican Libertads.

Silver Mexican Libertads are 1 ounce bullion coins minted in .999 fine Silver and are some of the most beautiful Silver coins in the world. The obverse of the Silver Mexican Libertad features the National Emblem of Mexico surrounded by the legend “Estados Unidos Mexicanos.” Outlining this inscription, along the contour of the frame of the coin is the reproduction of various emblems used throughout Mexico’s rich cultural history.

Silver Libertads are available in 1, 2 and 5 Troy Ounce coins and have been minted every year since 1982. They are also minted in a proof (collector’s) version.

 

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Market Recap 8/20/10

The U.S. Stock Market went lower as investors continued to worry about the economy. The Dow Jones Industrial Average ended down nearly 58 points on Friday. Although the jobless rate remained mired at 9.5%, an unexpected rise in weekly jobless claims to half a million continued to fan the flames of fear. The Congressional Budget Office, the federal agency that provides economic data to Congress, released its budget deficit report on Thursday, showing that the forecasted budget deficit for 2010 is more than $1.3 Trillion which would be the second largest shortfall in the past 65 years. This deficit is expected to equal 9.1% of the U.S. Gross Domestic Product (GDP) for the year.

The Euro fell as well, due to lingering concerns about sovereign debt and further depressed stock prices of many multi-national corporations with overseas operations. Recession fears even affected the price of crude oil with the NYSE Arca Oil Index dropping 1.6%.

Although there was early profit-taking on Friday for gold, the strong demand continued. Last week two analysts from Goldman Sachs predicted that gold may rally to $1,300.00 an ounce – a new record-high price – within the next six months. Analysts David Greely and Damien Couvallin were quoted by Bloomberg as saying, “[the stage has been] set for a rally to our six-month gold target-price of $1,300 an ounce.”

Gold:
Spot gold prices opened this week at $1,215.90. The high during the week was on Thursday, August 19th, at $1,239.50, while the low for the week occurred on Monday, August 16th, at $1,216.20. Gold ended the week up $12.40 at $1,228.30. This week, the most popular gold bullion products continue to be 2010 1 oz. Gold American Eagles, 1 oz. Gold Maple Leafs and 1 gram Sunshine Minting Gold Bars.

Silver:
Spot silver prices opened this week at $18.17. Silver reached a high of $18.62 on Tuesday, August 17th, while this week’s low for silver occurred on Friday, August 20th, at $18.03. Silver ended the week down $0.14 at $18.03. 2010 Silver American Eagles, 1 oz. Silver Buffalo Rounds and 1 oz. APMEX Silver Rounds remained popular with silver investors taking advantage of the spot prices this week.

Platinum:
Spot platinum prices opened this week at $1,526.20 and ended the week down $12.30 at $1,513.90. 1 oz. Pamp Suisse Platinum Bars, 1 oz. Platinum American Eagles and 1/2 oz. Platinum American Eagles were popular this week with investors.

Palladium:
Spot palladium prices opened this week at $480.30 and ended the week down $0.90 at $479.40. 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs remain very popular.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review Mexican Gold Onzas and Libertads.

Mexico has a long, rich history of producing fine quality gold coins known around the world for their beauty. One of the most beautiful gold coins in the world is the Mexican 50 Peso coin, which was first minted in 1921. But this coin weighed over 1.2 Troy Ounces so it was unable to directly compete in the world markets with the other bullion coins, such as the American Gold Eagle, the South African Krugerrand and the Canadian Maple Leaf.

To remedy that situation, the Mexican Government created the Gold Onza, and the Gold Libertad. The Gold Onzas and Libertads are strictly bullion coins and they are unusual in that they bear no actual face value. This is to prevent them from being confused in circulation.

The main difference between these two beautiful coins, is that the Onzas, which were produced in the 1980s, are 0.900 gold, with a total weight of 34.5g. The Libertads, which were produced from 1991 and later, are 0.999 gold and weigh 31.1g. If you calculate the weight and fineness of each of the two coins, they both are equal to the same amount of gold.

APMEX carries a great selection of Gold Mexican Onzas and Libertad’s to fulfill your investing needs.

Special Report:
APMEX reports on the large U.S. Treasury Offering for the Debt Week of 8/23/2010. View this PDF report now.

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Market Recap 5/21/10

Stocks plunged earlier this week as more investors woke to the possibility that economic problems such as Europe’s debt crisis might spread around the world and stop the growing recovery in the U.S., according to The Associated Press. Among the major indexes seeing losses was the Dow, which saw its biggest one-day drop since February 2009. “The economic recovery story has started to look like a mirage and the new reality is a return to credit crunch conditions, like those seen during the financial crisis,” said Tom Samuels, manager of the Palantir Fund in Houston. “If that’s correct, stock prices are well ahead of economic reality.” The market recovered on Friday after briefly dropping below the 10,000 mark.

The euro plunged to a four-year low Tuesday, sliding below $1.22. Reports that Germany will issue new restrictions on some types of bearish bets on stocks and bonds sparked uneasiness in financial markets, reported The Wall Street Journal. Germany’s financial regulators said they are banning naked short-selling of certain euro-zone debt offerings and credit default swaps as well as some financial stocks. Under naked short selling, the shares being sold aren’t borrowed in advance. The practice came under fire at the height of Greece’s struggle to refinance its debt, with many euro-zone governments saying such transactions artificially inflated Greek funding costs.

Gold prices dipped Friday providing investors with additional incentive to purchase the yellow metal in a bid against inflation and economic uncertainty. This price dip comes just one week after gold set a new all-time high. Many experts continue to look for another gold rally, some of whom predict that gold could reach unheard of levels. The current price contraction has fueled a massive buying spree which has carried over to silver as well.

Gold:
Spot gold prices opened this week at $1,234.80. The high during the week was on Monday, May 17th, at $1,242.80, while the low for the week occurred on Friday, May 21st, at $1,166.00. Gold ended the week down $55.70 at $1,179.10. This week, the most popular gold products were Gold American Eagles, 2010 Gold Buffalos and 1 gram Sunshine Mint Gold Bars.

Silver:
Spot silver prices opened this week at $19.38. Silver reached a high of $19.45 on Monday, May 17th, while the low for silver occurred on Friday, May 21st, at $17.41. Silver ended the week down $1.73 at $17.65. Popular silver items this week included Silver American Eagles, 1 oz. APMEX Silver Rounds and Silver Canadian Maple Leafs.

Platinum:
Spot platinum prices opened this week at $1,725.20 and ended the week down $212.70 at $1,512.50. The most popular platinum items this week were 1 oz. Pamp Suisse Platinum Bars, Platinum American Eagles and 1 oz. Platinum Koalas.

Palladium:
Spot palladium prices opened this week at $529.40 and ended the week down $91.30 at $438.10. This week, palladium investors concentrated their purchases on 1 oz. .999 Fine Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs.

Featured Bullion Product:
Each week, APMEX features a different bullion product for the benefit of our readers. This week, we are featuring Silver Mexican Libertads.

Silver Mexican Libertads are 1 ounce bullion coins minted in .999 fine silver and are some of the most beautiful silver coins in the world. The reverse depicts two key symbols of the Mexican people. The Independence Angel is in the forefront while the famous Mexican volcanoes, Popocatepetl and Iztaccihautl, named after the legend of two lovers, are in the background. Built to commemorate the centennial of the beginning of Mexico’s War of Independence, The Independence Angel, commonly known as El Angel, is one of the main historic monuments in Mexico and is considered the defining symbol of Mexico City.

The obverse of the Silver Mexican Libertad features the National Emblem of Mexico surrounded by the legend “Estados Unidos Mexicanos.” Outlining this inscription, along the contour of the frame of the coin is the reproduction of various emblems used throughout Mexico’s rich cultural history.

Silver Libertads are available in 1, 2 and 5 Troy Ounce coins and have been minted every year since 1982. They are also minted in a proof (collector’s) version.

Silver Mexican Libertads are scarce in the United States and are a wonderful addition to the portfolios of investors and collectors alike.

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