US Mint Gold Eagle Sales Up 240%

The United States Mint completed the month of February 2013 with a year over year increase from February 2012 in mintage and sales of the 1 Oz Gold American Eagle of 240%, the largest year over year increase in any monthly sales since the financial crisis of 2008. This increase followed the January year over year increase of 47% in mintage and sales of the same Gold coins.

US Mint Monthly Gold 1 oz Eagles

In a similar manner, the United States Mint reported an increase in the mintage and sales of the 1 Oz Silver American Eagle for February 2013 over February 2012 of 126%, the largest increase in sales during the month of February over the same month for the previous year since the financial crisis in 2008. For January 2013, the increase in sales of the Silver coin was 23% as compared to the sales in January 2012.

US Mint Monthly Silver 1 oz Eagles

“The increase in sales by the United States Mint of the 1 oz Gold and Silver coins is evidence of the significant demand for the physical precious metals in the market place. According to the communications with our customers, more buyers are turning to physical Gold and Silver because of concerns over the U.S. Debt and the crisis this huge debt level may bring to the U.S. Economy over the next several years,” stated Michael Haynes, CEO of APMEX.

Is Your Portfolio Ready for 2012?

Accelerating U.S. Debt Load Could Mean A Riskier Economy

Many economists and investors have been focused on the debt crisis in Europe. But did you know that debt in the United States is now more than 90% of GDP, a sign of increasing economic risk? In fact, the gap between debt and GDP has narrowed considerably over the past two years (see Chart 1 below). This is placing increasing strain on the U.S. economy. Is your portfolio prepared to weather this uncertainty? Now is the time to review your portfolio and make sure you’re adequately diversified among stocks, bonds, cash and Gold — the fourth asset class.

In today’s video, APMEX Chief Executive Officer Michael Haynes talks about how growing debt levels in the U.S. are creating greater uncertainty in our financial markets. He also explains how a diversified asset allocation may help minimize risk in your portfolio.

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Video Commentary: Consider Re-Balancing Your Portfolion With Gold

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The financial markets continue on an unsettled course, and perhaps now is the time to consider re-balancing your portfolio with a World Class Asset with a history of offsetting the uncertainty in stocks and bonds.

APMEX Chief Executive Officer Michael Haynes talks about the instruction from the 2008 financial crisis, when Gold proved its worth as both a source of liquidity and enduring value. Many analysts are stating that today’s situation may be similar to 2008 all
across Europe and potentially, on a global scale. If history is our teacher, Gold could once again prove itself as a long-term storehouse of value during uncertain times.

You may not be able to predict the future. But one thing is certain: 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. If you haven’t diversified, perhaps now is the time to improve the balance in your portfolio with all four asset classes: stocks, bonds, cash and Gold — the fourth asset class.

Historically, Gold prices have moved independently of stocks. In fact, beginning three years ago, you can see in the
chart how Gold bounced back from the 2008 financial crisis, while the S&P 500 continued to struggle.

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As you consider your own portfolio, keep your investment horizon, at least the next 3 to 5 years, as your guide. History suggests that any pullback in Gold prices is an opportunity to add to your position in Gold.

 Our Most Popular Gold Investments

 

2011 Gold Canadian Maple Leafs

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Canadian Maple Leaf bullion coins are a great way to invest. Many consider the Maple Leaf to be one of the world’s most beautiful Gold coins. Each Gold Maple Leaf coin is legal tender, guaranteed by the Canadian government for its weight and .9999 fine purity.

1 oz. Credit Suisse Gold Bar

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As one of the most respected names in the precious metals industry, Credit Suisse produces these 1 oz. Gold bars. Guaranteed .9999 fine, 1 oz. Credit Suisse Gold bars are packaged in their own assay card.

2011 1/4 oz. Gold American Eagle

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With this fractional Gold American Eagle, you get the stately beauty and symbolism of the the American Eagle at a lower price point. The Gold American Eagle one of the world’s most popular forms of personal Gold ownership.

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

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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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Your Portfolio in These Uncertain Times: Gold Now?

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Is Your Portfolio Prepared for the Current Markets and the Next 3 to 5 Years of Economic Issues?

What You can Learn from the 2008 Liquidity Crisis:
How Gold Performed In and After the Market Fall

The global markets are in turmoil and seeking liquidity as a result of the current events. Perhaps now is the time you need to think about re-balancing your portfolio to weather these adjustments and set your course for the next 3 to 5 years. Today, more investors seek a balanced portfolio with all four asset classes: stocks, bonds, cash and Gold – the fourth asset class.

Gold is a global storehouse of value and prices can slide at times like these as some investors need to raise cash from one of their most liquid and most trusted assets, Gold, to cover losses and margin calls in other markets. Many advisors are commenting on the parallel of the current markets in Europe to the liquidity crisis that occurred in 2008 with U.S. markets and the Lehman collapse. In the 2008 crisis, Gold provided a source of liquidity as investors sold off some of their Gold holdings to meet their requirements.

Gold compared to S&P 500 from 2008 through 2011In this chart beginning three years ago, you can see how history demonstrates that Gold recovered from the crisis in September and October 2008 while the S&P 500 has continued in weakness as global economies have been mired in too much government debt. Now consider today: do you have a forecast for the next 3 to 5 years of the U.S. and world economies becoming stronger or weaker? Perhaps history can be a teacher.

With Gold now providing liquidity for those who need it, perhaps this is the opportunity for you to begin or add to your Gold holdings. As you consider the balance in your portfolio, it is important to keep your investment horizon, perhaps the next 3 to 5 years, as your guide.

Do you have questions? Our non-commissioned Account Managers are available Monday through Friday from 8 a.m. to 5 p.m. Central time at 888-518-7464.

Our Most Popular Gold Investments

Gold American Eagle

1 oz. Gold American Eagles as low as $89.99 per coin over spot

Since the Gold American Eagle was introduced in 1986, it has been in high demand. Its stately appearance and proud symbolism make the Gold American Eagle one of the world’s most popular forms of personal Gold ownership.

Gold American Eagle

1 oz. Gold Canadian Maple Leafs as low as $69.99 per coin over spot

Gold Canadian Maple Leaf bullion coins are a great way to invest. Many consider the Maple Leaf to be one of the world’s most beautiful Gold coins. Each Gold Maple Leaf coin is legal tender, guaranteed by the Canadian government for its weight and .9999 fine purity.

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.

9.16.11 Weekly Recap

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APMEX made national headlines this week when Donald Trump accepted 3 Gold bars for an APMEX New York City Office. Donald Trump stated, “The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard. Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market.”

Gold is closing this week lower than it started, having backed off the record highs of the previous few weeks.  Earlier in the week, Gold dipped with stocks due to traders who cashed in on their Gold holdings to cover losses in other markets.  Later in the week, with more optimism surrounding Europe, investors became more comfortable with riskier assets.  This is reflected in the current higher stock prices and lower Gold prices.  Despite the optimism in the market, there are still many concerns yet to be addressed in the U.S. and world economies.

Concerns in Europe are set up like dominoes.  There were rumors that Greece would default on its debt this past weekend. While that didn’t happen, the issues in Greece are well-known.  French banks are at risk of large losses if Greece does default. Germany’s finance ministry is planning to bail out its major banks if Greece defaults.  Last Friday’s resignation of the European Central Bank’s Chief Economist, Juergen Stark, has a place in the situation also.

Traders were worried about credit downgrades for European financial institutions. After a recent review, Moody’s Investors Service downgraded the credit ratings of two prominent French banks, Societe Generale and Credit Agricole.  The credit review was part of the reason for the recent tumbling European stocks.

It seems the market may be growing more comfortable with the Greek debt situation.  World leaders are working diligently to keep Greece from economic ruin; they are creating a plan to provide much-needed liquidity to European banks.  Traders’ confidence seems to be buoyed by the news.  Global stock indexes rose today as investors sell some of their safe havens (like Gold) to purchase riskier assets.  David Wilson, an analyst at European bank Societe Generale, told CNBC, “[T]here must be a bit more positivity for holding riskier assets… I still think the general trend for Gold is upward, but it’s a saw-toothed pattern and at the moment, we’re on the downside.”

The European Central Bank (ECB) has announced that it will coordinate with several of the world’s most prominent central banks on a campaign to provide banks with the U.S. dollars needed to avoid funding deficiencies.  With U.S. money market funds and other dollar lenders worried about the threat of default by Greece, some banks have found it difficult to get dollar funding for extended periods.  According to the ECB, “The European Central Bank has decided, in coordination with the (U.S.) Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three U.S. dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year.”  In response to the ECB announcement, both the euro and shares in European banks jumped dramatically.

Concern is growing that the job plan proposed by President Obama last week could lead to another showdown with Congress over increasing the debt limit.  The President’s job plan would lead to $447 billion in additional spending before the November 2012 election.  This would cause the deficit to go over the amount agreed upon back in August of this year.  According to Robert Bixby, the Concord Coalition’s executive director, “The irony of all this is that…they may have to confront it (raising the debt limit) again soon because the deficit might be a great deal higher than we were anticipating.”

The Federal Reserve will reportedly discuss “Operation Twist” at their meeting next week.  This is a plan to shift weight in the Fed’s balance sheet more towards long-term securities as opposed to short-term debt. Michelle Meyer, an economist for Bank of America Merrill Lynch, said, “That sends a signal the Fed is still active in supporting growth.”  The Fed is keeping a close eye on the debt situation in Europe as well as problems in the U.S., such as the troubling 9.1% unemployment rate.

Weekly Spot Prices

Gold:
Spot Gold prices opened this week at $1,861.70. The high was on Monday, Sept. 12th at $1,865.20, while the low for the week occurred on Friday, Sept. 16th $1,765.40. Gold ended the week down $48.30 at $1,813.40. 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 $41.50. Silver reached a high of $41.60 on Monday, Sept. 12th, while this week’s low for Silver occurred on Friday, Sept. 16th at $39.46. Silver ended the week down $0.77 at $40.73. 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 $1,838.50 and ended the week down $24.80 at $1,813.70. 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 $739.20 and ended the week down $2.90 at $736.30. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

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The 2011 Gold Mountie is the newest in the line of The Royal Canadian Mint’s top-notch Gold products.  At .99999 fine, the Gold Mountie is among the purest coins ever minted.

Issued to honor the rich history and tradition of the Royal Canadian Mounted Police, the 1 oz Gold Mountie is a perfect marriage of rough and regal, of tenacious and triumphant. The reverse of the coin embodies the true spirit of the Mounties. An upright, smartly-dressed officer rides at a full gallop proudly displaying the colors of the Royal Canadian Mounted Police. The front of the coin shows Queen Elizabeth II surrounded by the national symbol of Canada, the maple leaf.

The Royal Canadian Mint used their incredible talents to construct a brand-new design for the 2011 Gold Mountie coin. Surrounded by a 12-sided border, both Queen Elizabeth II and the Mountie hold their heads high. A mesh design behind the figures adds a sense of depth and movement to the coin. At .99999 fine, the 2011 Gold Canadian Mountie coin is a marvel of modern minting.

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

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Video: Donald Trump takes Gold for APMEX New York City Office

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Donald Trump, for the first time ever, accepted Gold bullion as a security deposit on the commercial office space that APMEX will occupy in the Trump Building at 40 Wall Street. “The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard,” said Trump. “Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market.”

Michael Haynes, CEO of APMEX commented, “New York is one of the major financial and precious metal capitals of the world and 40 Wall Street is a landmark building. We are experiencing significant growth as more and more investors realize that precious metals such as Gold, Silver, Platinum, and Palladium, may provide balance to a portfolio as a part of the asset allocation. We are pleased that Mr. Trump has agreed to accept Gold as a deposit on this lease, and in doing so expresses his confidence in Gold as a valuable, long term asset.”

The lease signing made headline news in the financial community, including The Wall Street Journal and TheStreet.com TV.

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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