The Benefits of Purchasing Precious Metals Online Vs. a Physical Location

455649179Whether you’re a collector, an investor, or a dealer, choosing where to buy gold, platinum, or other precious metals is an important step. When you make the decision to invest your money in something so valuable, you’ll want to make certain you’re conducting a safe transaction that will offer you variety and fair pricing. While you could go to a physical location to shop for precious metals, purchasing coins and bullion online offers many more benefits.

Enjoy Variety

One of the top reasons to purchase precious metals online is you get access to a virtually unlimited supply of coins and bullion. Online retailers often have much more space than most physical stores, and this means more of a selection for you as a buyer. Whether you’re trying to buy silver, platinum, or gold, choosing to work with an online retailer will give you the freedom to choose from a wide range of different options. The larger selection ensures you’ll be able to find high-quality precious metals you’re looking for.

Lock In Prices

When you’re trying to buy gold, platinum, or silver, the last thing you want is a surprise when it comes time to check out. You want to know exactly what you need to spend and whether or not it’s the best price. If you shop a brick-and-mortar store, there’s no guarantee you’re going to get the fairest, up-to-the-minute pricing. When you buy silver, gold, or platinum online, there’s a greater chance you’ll get a better price. Most online precious metal retailers update their prices in real time, which ensures you always get the fairest price.

Convenient Shopping Anytime

Many buyers want to think about their choices before buying precious metals. If you’re shopping at a storefront location, you have to accommodate your browsing time around someone else’s schedule. If, however, you choose to buy platinum, gold, or silver online, you can shop 24 hours a day, 7 days a week. You won’t be locked into browsing during normal business hours. Instead, you can browse coins and bullion on your time.

Don’t stress out over where to buy gold, silver, or other precious metals. You can confidently buy online from APMEX, a leader in no-surprises, no-hidden cost pricing. With a wide selection of high-quality precious metals, coins and bullion, quick shipping, and excellent service, you’re sure to become an APMEX customer for life.

APMEX launches new APMEXclusive® Royal Canadian Mint ¾ oz Silver Coin.

The Legend Lives in the 3/4 oz Silver Royal Canadian Mint Grey Wolf Coin

The Legend Lives in the 3/4 oz Silver Royal Canadian Mint Grey Wolf Coin

APMEX has launched their most recent product, the 2015 3/4 oz Silver Canadian Grey Wolf Coin, from the world-renowned Royal Canadian Mint. We recently sat down with some members of the more than 1,100 strong RCM team to talk about this latest product featuring APMEX as the world retailer outside of Canada.

Joining from the Royal Canadian Mint were Senior Manager of Communications Alex Reeves, Product Manager Gabriel Khan and Senior Engraver Stanley Witten.

The Mint worked with Canadian artist Pierre Leduc to create the unique design for this coin, which portrays one of the most legendary and stunning animals on earth, the Grey Wolf, in its natural habitat. Reeves noted the design of the wolf is “reflective of Canada and its identity, but it’s something that resonates with Americans as well” as we share a continent.

Once the design completed the stringent approval process, it was on to the engraving. Witten, 25 year engraver with the Royal Canadian Mint, started his relief process with the artist’s finalized drawing. Using 3-D software called Arcam and a pressure sensitive stylus on a tablet, Witten meticulously turned the coin from drawing into virtual art that could be made into a moldable piece. Details such as the transition from fine fur to coarse and the minute detail of the razor sharp teeth are all precisely fashioned with only a maximum .2 mm relief.

Witten noted one of his favorite aspects of the Grey Wolf coin was that something was “happening on the coin and was not a static image” giving it a “unique perspective while keeping the image simple with enough detail to keep it interesting.”

Total time from initial concept to readied coin is 6-8 months, showing the true care and precision the Royal Canadian Mint takes into consideration for each of their products. “We’re very keen on demonstrating our capabilities to the fullest by offering more to the customer,” Reeves stated. They certainly held to that standard with this piece of specialty bullion. The 3/4 oz Grey Wolf coin truly sets itself apart, not only with its unique 3/4 oz size, but with its artistry and fineness, containing the RCM’s signature .9999 fine Silver purity. Khan noted, “We have probably one of the best looking coins in the world,” and we’d have to agree.

While interviewing the three Royal Canadian Mint team members, we couldn’t help but recognize the sense of pride they all conveyed when speaking about the coin, their country and their company. When asked about it, Khan responded, “We don’t see it as a job, we see it as a passion.” This notion was seconded by Witten, stating, “We have a lot to be proud of.”

The Royal Canadian Mint produces some of the world’s most attractive coins and we are excited by this latest product. APMEX is the exclusive retailer outside of Canada for the 3/4 oz Silver Canadian Grey Wolf coin, demonstrating our commitment to bringing unique and interesting products to our customers.

Weekly Gold & Silver Market Report – 10/10/2014

This week was positive for Gold and Silver, while the U.S. stock market suffered sharp losses after a good start on Monday. Economic data coming out of the U.S. along with the jobs report maintained positive momentum. However, economic data coming out of the Eurozone, especially Germany continued to paint a dismal picture. The declining European economy is not new information, but it was as if this week the light went on and the revelation we learned back during the Great Recession hit home…we live in an interconnected global economy. Lighting quick global communications fosters a world where geopolitical, economic and Black Swan events eventually affect everyone. No country exists in isolation. The FOMC minutes released on Wednesday showed concern, that a declining European economy could put the brakes on U.S. growth.

It is rare that the minutes of FOMC meetings reveal information that rises to the level of surprising, but Wednesday’s release can be considered no less than surprising. Despite this, there is still a great deal of debate within the Fed as to when to raise interest rates. Perhaps they will not be raised as quickly as the market has grown to expect. Gold and Silver prices shot up on the news, but surprisingly, U.S. stocks did not. Normally stocks would rise in this scenario, so why not now? Because much of the Fed concern was the rapidly deteriorating global economy and it’s potential to affect the U.S. recovery.

The Fed is not the only organization concerned about global growth. The International Monetary Fund (IMF) projections that came out on Tuesday caused stocks to slide and Gold and Silver to go up. Gold traded higher Tuesday as investors sought the safe-haven appeal of Precious Metals following a report by the IMF that cut its global growth forecasts. “Following yesterday’s rally, traders are in a wait-and-see attitude now after the IMF lowered world growth and issued some market risk warnings,” RBC Capital Markets Vice President George Gero said. With Gold recently dipping below $1,200 per ounce, physical buying demand has increased both domestically and abroad, lending support for the yellow metal this week.

To close out the week, Jim Grant, founder of Grant’s Interest Rate Observer stated that the Federal Reserve needs to return interest rates to more normal levels and free the financial markets from government sponsored price controls.  “The real value of asset prices would come in “clearer focus” if rates were not so artificially low, Grant said on CNBC’s “Squawk Box” Friday. This comes a day after the Dow Jones industrial average dropped by 334 points, something that has not happened since February. “Interest rates now are not discovered as one discovers prices in a free market. They are administered and imposed,” Grant said.

3 Mistakes of First Time Precious Metals Buyers

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With financial unrest in a volatile economic climate, many have lost their trust in banks and investment firms and are looking at other options. That’s why investing in Precious Metals like Gold, Silver and Platinum is such an appealing proposition for many. However, investing in these materials is not something you want to jump into blindly. Before buying Silver online or looking into where to buy Gold bars, be aware of these three mistakes that many first time Precious Metal buyers make — and perhaps you can avoid a costly mistake.

Failing to Compare Prices, Product and Service – There are hundreds, maybe even thousands, of sources for purchasing Precious Metals online. Each offers something a little different. First, make certain you are comparing apples to apples — i.e., the same product from different sources. Then, do plenty of research to educate yourself on the price of metals. Do your research when it comes to choosing the vendor you’ll buy from. Making sure your dealing with a reputable supplier will help to ensure you’re taken care of. Last, make sure you’re getting the service you deserve. Find out how the company ranks with the Better Business Bureau, what their reviews say and what‘s being said about them on forums. At the end of the day, price may not be everything if you’re not getting the service you deserve. A test purchase is a great way to try out a company before you spend your money with them. Make a small order to test the service, price and product. Then you can move forward confident in your decision.

Buying Scrap Metals as a Sole Investment – While you may be able to sell an old ring or coins with a small amount of Precious Metal content as a way to raise a little cash, choosing generic Silver or junk Silver and other products as your main investment can make it much harder when you decide to cash out one day. Diversify your investment in Precious Metals. Buy what you like from a source you feel confident in. Look into products like Silver bars or find out where you can buy Gold coins and bullion or numismatic pieces. This will make it much easier (and more profitable) when you decide to sell.

Not Diversifying – As the saying goes, “don’t put all your eggs in one basket;” this holds true with investments like Precious Metals. Precious metals are a long-term investment and should be only a part of your overall investment portfolio. You want to keep some cash available for your everyday purchases and other savings. That way you can weather any potential bumps in the road and hold on to your investment until a time when it will be best served for you and your family.

While there are potential pitfalls to investing in Silver bars, Gold bullion and other types of Precious Metals, there are many other reasons why it makes sense to invest at least some of your savings in these materials. Take the time to learn about these investments and make smart decisions — you’re sure to be pleased with the outcome.

Weekly Gold & Silver Market Recap – 9/12/2014

GOLD & SILVER PRICES FALL ON A STRENGTHENING U.S. DOLLAR & EASING GEOPOLITICAL TENSIONS

Gold and Silver prices took a big step back this week with prices dropping from Monday’s opening prices. The loose monetary policies in Europe, China and Japan continue to de-value their currencies and conversely drive the U.S. dollar to highs we have not seen as of late. Safe-haven appeal is moving out of other currencies and into the U.S. dollar.

Safe-haven concerns fell this week as tensions in Ukraine and the Gaza Strip have eased for the moment. This did not stop the U.S. and the European Union from announcing new, harsher sanctions over Russia. For the first time, Russia’s Sberbank was targeted. These sanctions will affect oil and defense industries and further limit the access of major Russian banks to U.S. debt. The European penalties included asset freezes on leading Russian politicians and restrictions on financing for some Russian state-owned companies.

An interesting development in Scotland could have an effect on Gold prices later this month. Scotland’s voters go to the polls on September 18 to decide whether they should break away from the United Kingdom, or not. If Scotland does vote for independence, there will be a distribution of assets that will include Gold.  The U.K. owns about $12.6 billion and is the 18th largest holder of Gold (central bank holder). Scotland would also be faced with the decision as to whether or not to create their own currency.

Nothing goes up forever and investors are aware that U.S. equities have experienced a very long winning streak. When will U.S. equities lose steam and correct? Until this happens, it is likely that Gold and Silver prices will remain under pressure. Both Precious Metals and equity markets will continue to try and read the “tea leaves” and anticipate future Federal Reserve action. The ending of QE3 is a foregone conclusion, but when will the Fed raise interest rates and can they accomplish this without major disruptions? The next Federal Reserve Open Market Committee is September 16-17.

 

Weekly Gold & Silver Market Recap – 9/5/2014

9/5/2014 3:15:33 PM By: Brandi Brundidge

GOLD TO 2 ½ MONTH LOW AS DOLLAR STRENGTHENS

The short holiday week began with the U.S. dollar jumping to a one-year high Tuesday morning, forcing Gold down to its lowest level in 2 ½ months. Strength in the dollar and ongoing confidence among U.S. equities offset concerns about escalating tensions between Ukraine and Russia. “It’s when the dollar hits big numbers that Gold gets punished and this is clearly one of those moments,” Ross Norman, CEO of bullion broker Sharps Pixley, said. Domestic and overseas investors were closely eyeing the movement of global currencies for the week as the European Central Bank (ECB) had investors awaiting their policy meeting. Many expected ECB President Mario Draghi to ramp up the region’s current level of market liquidity with asset purchases known as quantitative easing (QE). The announcement of such measures would likely weaken the euro further, and bring the Gold price down with it, as the dollar would be strengthened by the potential inflationary result of such a program.

GOLD GAINS AS MANY FACTORS COLLIDE

The Gold price moved slightly higher after Wednesday’s morning trading as the yellow metal continued to be pulled in all directions by outside factors. One of those factors, the ongoing situation between Ukraine and Russia, also affected the Palladium price. Russia is the world’s largest producer of the metal commonly used in the automobile industry, and as more sanctions are put on Russia, exports of Palladium would likely decrease. Thus, the seemingly easing tensions in that region have caused the price of the metal to fall.

U.S. DOLLAR FALLS MID-WEEK

The U.S. dollar began to decline Wednesday after three days of consecutive gains. Talks of a potential ceasefire between Ukraine and Russia have helped ease tensions in the region. Masafumi Takada, a New York-based director at BNP Paribas SA, said, “Headlines about a Russia-Ukraine ceasefire are definitely positive for the euro. Also, the market has been accumulating long U.S.-dollar positions lately, and there’s some position-adjustment liquidation ahead of the [European Central Bank] tomorrow and nonfarm payrolls on Friday.”

ECB POLICY WEIGHS ON METALS AS GOLD SUPPLY COULD SEE SHORTAGE

Strength in the U.S. dollar has once again marginalized the demand for bullion Thursday as the greenback climbed to its highest level since July 2013.  The yellow metal was in positive territory until news from Europe revealed plans by the European Central Bank to cut interest rates and begin an asset purchase program in an effort to stimulate the region’s lagging economy.   However, some experts are downplaying the significance of this endeavor as it relates to Precious Metals prices.  “Yes, today people are excited, but how many positive jolts can the world take from another central bank lowering interest rates before people get immune to that,” Jorge Beristain, an analyst at Deutsche Bank AG, said.

LONG TERM GOLD INVESTORS COULD CAUSE SUPPLY CONCERNS

Precious Metals continue to tread water inside a relatively slim trading range since last year’s massive pullback.  Though improvement in the domestic economy and stocks have lured investors away from safe-haven investments like Gold and Silver, some experts believe an impending shortage in Gold supply could force the yellow metal higher in the near future.  With lower prices, new exploration of the metal has slowed and a general tightening of the sector has resulted in a lack of new Gold deposits.  With less money being spent to fund fewer projects, Gold is still being extracted at 1.5 times the expected depletion rate.  Supply concerns should be noted as most Precious Metals investors possess a long-term investment strategy for their Gold holdings.

DISAPPOINTING JOBS REPORT BOOSTS GOLD

A disappointingly low number of jobs were created in August, allowing the Gold price to recover Friday from some losses incurred earlier in the week. The U.S. Labor Department reported an increase of just 142,000 jobs. Many economists had expected a level near 228,000 or more. U.S. stock futures dipped on the news, pointing toward a lower open for Wall Street.

HOW COULD ECB PLANS AFFECT GOLD?

Some investors were surprised Thursday’s announcement of monetary policy easing in Europe didn’t have more of a positive effect on Gold. UBS said in a note Friday morning, “It would have to take more aggressive action from the ECB, which is likely to come alongside a sharp deterioration in eurozone growth, for Gold to benefit significantly. In this scenario, concerns on weaker growth could potentially reactivate physical demand in Europe, should the fear-trade gain traction.”

 

Weekly Gold & Silver Market Recap – 8/29/2014

Precious Metals endured another week of stagnation as the sluggish summer months continued to plague Gold and Silver prices.  The Gold price experienced pressure as U.S. equities rallied forcing the S&P 500 to breach 2,000 for the first time.  Gold made a single digit rebound on Thursday as reports indicated intensifying hostility between Ukraine and neighboring Russia.  Investors will continue to eye global and domestic economic news and the threat of escalating violence from geopolitical hot zones in Ukraine and the Middle East. 

The crisis in Ukraine and the conflict on the Gaza Strip have been key supports for the Gold price. Friday, another support beam was erected as the terror threat in the United Kingdom was raised to “severe”. U.K. Prime Minister David Cameron said the threat of terror from Islamic State militants is greater than at any time before and is now at its second highest “severe”. Speaking today in London, Prime Minister Cameron said that we are facing a generational struggle, which is bound to go on for decades.

Gold was trading higher on Thursday as geopolitical tension and ongoing short-covering forced a mild jump in bullion prices.  Overseas conflicts have again taken center stage as safe-haven buying was spurred when the Ukrainian president publicly announced that the Russian military invaded his country and were occupying areas along Ukraine’s eastern border.  Though Russian officials have come forth to refute this accusation, investors shied away from equities on Thursday in search of asylum in the form of Precious Metals. 

The S&P 500 crossed the 2,000 mark for the first time ever on Tuesday while the Dow hit an all-time high during morning trades. A better than expected durable goods report kicked off the stock surge. “Today’s report, while not perfect, reinforces market optimism regarding the economy, [of the data, which had orders for durable goods rising 22.6 percent last month versus a 7.5 percent estimate,]” Dan Greenhaus, chief strategist at BTIG, said in an email. Although this report was fueled by a sharp increase in demand for commercial aircraft, it raises expectations of a quicker than expected economic recovery.