Don’t Miss Today’s Offer On Proof Platinum Eagles

 

Proof Platinum Eagle 4 Coin Set (Random Year). Special Low Premium. While Supplies Last

Consider the very popular Eagles in a Platinum set, now at a special low premium price from APMEX. Add this limited mintage Proof Platinum Eagle 4 Coin Set (Random Year) to your collection, while supplies last.

A HANDSOME SET — IRA APPROVED

The Platinum Eagle is the only investment grade Platinum coin from the U.S. Mint. Each set brings together 1.85 troy oz of .9995 fine Platinum in beautiful display packaging.

  • Collectible 4 coin set: Each set contains matching year coins of 1 oz, 12 oz, 14 oz and 110 oz. The set is packaged in a handsome display box with a certificate of authenticity.
  • Guaranteed by the United States government: The U.S. government guarantees the size, weight and purity of each coin.
  • IRA approved: Each coin in the set is approved for inclusion in your Precious Metals Individual Retirement Account.

Proof finish: Enhancing the design is a Proof finish that adds a mirrorlike shimmer to the coin’s background. The design on the reverse, or back, changes each year, adding to the coin’s collectibility.

 

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9.2.11 Weekly Recap

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Happy Labor Day Weekend to our APMEX customers!

Gold has ended the week with solid gains because of safe haven buying by investors fearful of the future. Uncertainty remains the name of the game on Wall Street as we wrap up another week of trading.  Many markets have continued their large back-and-forth swings of the last few weeks. 

Monday looked fairly bright due to data released indicating that consumer spending, regarded by many as the main driver of U.S. economic activity, increased 0.8% in July after slipping slightly in June.  This data is good news for many investors, as it helped push stock prices substantially higher.  It also shows that the U.S. may not be quite as near a recession as was feared recently.  Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania said, “It’s a little far-fetched to truly believe that we are headed into another recession.  This data doesn’t support that view at all.”

One of the main contributors to the housing crash of 2008 was the sense false of security given when ratings companies gave an AAA rating to subprime mortgage securities.  Now S&P has rated a new batch of subprime mortgages as AAA higher than the AA+ rating it gave the U.S.  On Aug. 24, Gregory W. Smith, general counsel for the $41 billion Public Employees Retirement Association of Colorado, said, “Everybody has been led to believe…that AAA means AAA means AAA across the board…anybody that didn’t learn in 2008 that (AAA) doesn’t apply should find another line of work.”

Dennis Lockhart, President of the Federal Reserve Bank of Atlanta, said the Fed should be ready to provide more stimuli to the economy, possibly in the form of greater quantitative easing.  He cited “the weak data we’ve seen recently and… the rising concern about chronic slow growth.”  The first half of 2011 was the weakest six-month period since the recession.  However, three other Fed Presidents are against further stimulus; they voted to not approve the Fed statement that stated interest rates would remain low until mid-2013.

Data released on Thursday and Friday overshadowed the bullish optimism from Monday, indicating a slowdown in manufacturing productivity and a complete lack of creation of new jobs.  Once again the numbers have fallen below expectations according to the jobs report released Friday morning.  Most projections were for between 68,000 -71,000 new jobs to be created, but there were no gains and unemployment holds at 9.1%. Gold and Silver prices moved further up on the news.

 

Weekly Spot Prices

Gold:
Spot Gold prices opened this week at $1,799.20. The high was on Friday, Sept. 2nd at $1,884.60, while the low for the week occurred on Monday, Aug. 29th at $1,781.20. Gold ended the week up $89.50 at $1,888.70. 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 $41.13. Silver reached a high of $43.24 on Friday, Sept. 2nd, while this week’s low for Silver occurred on Monday, Aug. 29th at $40.49. Silver ended the week up $2.24 at $43.37. 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 $1,830.30 and ended the week up $56.20 at $1,886.50. 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 $759.80 and ended the week up $16.50 at $776.30. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

PROMOTIONAL APMEX SILVER BARS

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APMEX is one of the most trusted and well-recognized leaders in the precious metals industry. These wonderful 1 oz. APMEX .999 fine Silver bars  carry the APMEX name and feature the patriotic American eagle design. Celebrate the Labor Day weekend by diversifying your portfolio with discounted Silver bars from APMEX. All 1 oz. APMEX .999 fine Silver bars are available to you for only $0.99 per bar over the spot price – but only while supplies last! Act now as this special pricing is in effect until 12 p.m. (CDT) Monday, Sept. 5.

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

Keep up with APMEX news throughout the week with subscriptions to the

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

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8.19.11 WEEKLY RECAP

Markets were still highly volatile this week and the lack of certainty has pushed Gold to new record highs.  Stocks are suffering from fears of a double-dip recession due to weak economic data in practically every sector. 

Early in the week, the markets were buoyed by the European Central Bank announcing that last week it began buying Italian and Spanish securities. According to Christoph Rieger, head of fixed-income strategy at Commerzbank AG in Frankfurt, “The market optimists will interpret this number as good news as it underscores the ECB’s resolve…Equally, the pessimists will point out that it is bad news as it shows how much money the ECB had to commit for the yield compression seen.” This came about primarily due to a failure of politicians to convince investors that the debt crisis could be contained.  Many experts are pushing for a new “Eurobond,” saying that such a common bond issuance would allow euro zone members to borrow at affordable rates, thereby solving the current debt crisis. However, the German government is strongly against the idea of issuing Eurobonds, fearing that such a move would increase borrowing costs for Germany while also reducing the incentive for troubled euro zone countries (such as Greece) to make necessary economic reforms.

All hopes of a common Eurobond went away on Tuesday; however, as the highly anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel yesterday did not satisfy world investors. The growing feeling is that plans for closer monitoring of fiscal policy in the euro zone are not enough to stop the debt problem from spreading to other countries.  This news, along with weak data about the overall health of the German economy caused jittery traders to lose the shred of confidence they had gained over the previous few days.

All of this culminated in a massive selloff late in the week, led by large losses in European financial sector.  World equity markets are plunging Thursday and Friday and the European banks are the cause for concern. Major Banks across the euro zone are sharply lower, as the news broke that the European Central Bank lent $500 million Euros to a euro zone bank, that had not requested a loan since last February. Although no details were offered, the market reads this as another sign of escalating difficulties in the European financial system, which could also affect U.S. banks.

Weekly Spot Prices

Gold:
Spot Gold prices opened this week at $1,744.40. The all-time record high was on Friday, Aug. 19th at $1,881.80, while the low for the week occurred on Monday, Aug. 8th at $1,730.80. Gold ended the week up $112.90 at $1,857.30. 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 $39.18. Silver reached a high of $43.04 on Friday, Aug. 19th, while this week’s low for Silver occurred on Monday, Aug. 15th at $38.69. Silver ended the week up $3.86 at $43.04. 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 $1,801.00 and ended the week up $79.10 at $1,880.10. 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 $749.00 and ended the week up $6.10 at $755.10. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

 GOLD BUFFALO COINS 

 In 2006, the United States Mint introduced its first 24-karat pure Gold coin: the Gold Buffalo Coin. The Gold Buffalo coin is designed after the famous 1913 Type 1 Buffalo Nickel created by James Earle Fraser. The obverse shows the well-known Indian Head design, and the reverse features the classic buffalo design.

The Native American depiction on the Gold coin’s obverse is believed to be based on three different American Indians.  Before his death, Fraser named two of the American Indians- Chief Iron Tail of the Lakota Sioux and Chief Two Moons of the Cheyenne.  Although many Indians have claimed to be the third Indian, Fraser could not recall the person’s name.  It is widely believed that the bison on the coin’s reverse was modeled after Black Diamond, a popular attraction at the New York Zoological Gardens.

The 2006 and 2007 Gold Buffalo coins were a huge success; they provided pure-gold competition for the Canadian Gold Maple Leafs. The 2008-W Gold Buffalo is the prize of the Buffalo collection.  2008 is the only year fractional Gold American Buffalos were minted and they are scarce. The 2006, 2007, 2008, 2009, 2010, and 2011 Gold Buffalo coins are .9999 fine and are only available in a 1 oz coin.

To add the stunning 24-karat Gold Buffalo coins to your Gold coin collection or Gold portfolio, shop APMEX’s wide selection of Gold Buffalo coins. APMEX makes it easy to buy Gold by offering competitive Gold prices on all Gold coins.

 

Balance your portfolio with Gold today.

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

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8.5.11 WEEKLY RECAP

Gold, buy Gold, S&P, Gold prices, inflation, recession, stock market

Gold has moved opposite of the S&P 500 since February. The chart above gives a graphic example of the negative correlation between Gold and one of the other asset classes, stocks. Since February, economic stress in Europe and the U.S. has pulled the S&P 500 down while Gold moved higher.

After the Democrats and the Republicans came to an agreement and prevented a default on our nation’s debt, conventional wisdom says the market would boost as business and investor confidence increased. However, today’s reality is that the stocks ended low in the face of uncertainty over the debt deal. The terms include a $400 billion increase in the debt limit immediately, a $500 billion increase this fall, immediate spending cuts of $900 billion, and the creation of a Congressional commission to identify another $1.2 trillion in spending cuts.  Former Under Secretary of Commerce Robert Shapiro described these terms as “a mindless way to run a government.” J.J. Kinahan, managing director with TD Ameritrade, was quoted as saying, “Debt deal or no debt deal, we have some fundamental problems in the economy that we’re not dealing with.”

Monday’s extremely disappointing manufacturing report and last week’s revision of first-quarter growth estimates caused this change in focus. More bad news for the economy was released Tuesday; even though incomes rose in June, consumer spending fell (along with consumer prices). With most economists’ expectations of a credit rating downgrade from the top-notch AAA rating, stock futures were down and investors flocked to safe havens including Gold, which hit new record highs this week before falling victim to the massive selloff affecting all markets.

The stock markets are viewing a recession as likely as prices have continued to decline; stock prices hit their lowest points in almost two years. The concern has driven a number of investors to Treasuries, which is causing inflation concerns with the Swiss Franc and Japanese Yen. Mike Ryan, Chief Investment Strategist at UBS Wealth Management Americas, said Thursday, “The mood right now is gloomy…The burden of proof is for better data that show the economy is not falling into recession. Tomorrow’s payroll report is crucial. If we see another disappointment, the stock market will have significant downside from here.”

The highly anticipated payrolls report was released this morning; it indicated an increase of 117,000 jobs in July. The unemployment rate fell .1% down to 9.1%. These numbers were better than expected which finally brought some relief to Wall Street after two days of tension. Gold gave up early gains amid the news but one analyst says that South Korea’s recent purchase of Gold signals that it’s still not too late to buy Gold. An executive of one company stated that South Korea’s purchase is “significant, as it represents the first purchase of Gold by the East Asian country in over a decade. It would seem South Korea has joined the ranks of those countries that have lost faith in the U.S. dollar … it is no coincidence that many of these central banks are from emerging-market economies. Many of these countries have experienced the grim reality of enduring a currency crisis first-hand.”

WEEKLY SPOT PRICES

Gold:
Spot Gold prices opened this week at $1,628.00. The high was on Thursday, Aug. 4th at $1,684.90, while the low for the week occurred on Monday, Aug. 1st at $1,608.20. Gold ended the week up $22.30 at $1,650.30. 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 $39.95. Silver reached a high of $42.30 on Thursday, Aug. 4th, while this week’s low for Silver occurred on Friday, Aug. 5th at $37.56. Silver ended the week down $1.93 at $38.02. 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 $1,781.90 and ended the week down $66.90 at $1,715.00. 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 $832.30 and ended the week down $90.30 at $742.00. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

 

Platinum American Eagle Coins

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Released in 1997, the Platinum American Eagle coin is the only investment-grade platinum coin from the U.S. Mint. Since its introduction, the Platinum Eagle has become one of the world’s most widely-traded platinum bullion coins because of the patriotic design and platinum value. The obverse design celebrates freedom and opportunity with a portrait of the Statue of Liberty.  The reverse design is unique in that it changes each year; strength and security are portrayed in the theme of the American eagle. 
  
APMEX features the Platinum American Eagle coins in 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz. denominations as well as uncirculated, certified, and proof conditions. Offering a wide selection of platinum products, APMEX can help you establish a platinum portfolio. Eligible for placement in precious metals IRAs, Platinum American Eagles can act as building blocks for investment portfolios. Start building your Platinum investment today!

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Weekly Recap 7.8.11

Debt Ceiling, Default, Aug. 2, Gold, Gold Prices, Buy Gold, Precious Metals

Some big gains for Gold and Silver occurred this week even though this trading week was abbreviated.  Gold spot prices went up $62.00 per ounce for a gain of 4%; Silver spot prices ended up $3.00 per ounce increase for a gain of 8%.

Sovereign debt worries around the globe continue to be the dominant news story this week.  Tuesday brought a downgrade of Portugal’s debt to a junk rating by Moody’s.  Moody’s was the first ratings agency to move Portugal’s debt to less than investment grade. Reflecting the sentiment that the euro zone is nowhere near the end of the crisis, Robert Tipp of Prudential Fixed Income said, “[Portugal’s] ratings downgrade reminds markets that it’s not just Greece with debt issues. Once Greece gets wrapped up, you move on to the next country.  …[T]hat will be the shape of things to come over the next year or two…”  The value of the euro tumbled on the news of the downgrade.

President Obama joined with House Speaker John Boehner, insisting that negotiators resist the temptation to “kick the can down the road” and settle for a makeshift, short-term solution to stave off a first-ever U.S. default on August 2. The administration and congressional leaders are going to take this opportunity to focus on a long-term budget plan to raise the debt limit.

The jobs picture looked positive all week, up until Friday.  The ADP employment report was released on Thursday, and indicated the private sector created 157,000 new jobs in the month of June.  This was a big surprise to the upside, as most economists predicted a more moderate number.  However, the nonfarm payroll report (which include private sector jobs, as well as government jobs), released on Friday, indicated that the net number of jobs created in June was only 18,000.  The public sector lost 39,000 jobs in June, indicating that government spending cuts are having a sizable impact on the employment picture.

PRECIOUS METAL SPOT PRICES

Gold:
Spot Gold prices opened this week at $1,483.60. The high during the week was on Friday, July 8th at $1,546.00, while the low for the week occurred on Tuesday, July 5th at $1,486.20. Gold ended the week up $62.00 at $1,545.60. 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 $33.75. Silver reached a high of $36.90 on Friday, July 8th ,  while this week’s low for Silver occurred on Tuesday, July 5th $33.80. Silver ended the week up $3.00 at $36.75. 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 $1717.90 and ended the week up $21.30 at $1,739.20. 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 $762.00 and ended the week up $19.90 at $781.90. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

FEATURED PRODUCT OF THE WEEK

   Gold  1 oz. Chinese Pandas

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The 1 ounce Gold Chinese Panda coin is the gem of the Chinese bullion program.  The Gold Chinese Panda has been minted since 1982 and is considered one of the world’s most beautiful bullion coins.  These coins may bear (no pun intended) a mintmark of S or Y.  The S mintmark designates the coin was minted at the Shanghai Mint, while a Y mark denotes Shenyang as the coin’s origin.  In an effort to maintain public interest in the Pandas, the Chinese change the obverse design each year (excluding 2002).  Fortunately for the artists and customers alike, the Panda is a majestic and easily identifiable creature.

As worldwide demand for the Gold Panda grows, counterfeiting has become an issue.  Interested investors should always purchase Chinese Gold Pandas from a reputable dealer (like APMEX) to ensure quality and authenticity.

Keep up with APMEX news throughout the week by subscribing to the APMEX Commentaries via RSS feed.

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