Why do you think it is important to invest in precious metals? A Q&A session with APMEX CEO, Michael Haynes

We recently asked our CEO Michael Haynes a few questions about what makes APMEX unique, why he thinks investing in Precious Metals in a good idea and what his favorite products are. We hope you find this interview useful and please let us know if you have any feedback or comments.

Tell us a little bit about APMEX and what makes APMEX unique

APMEX is one of the few and perhaps the only website for Gold, Silver and other Precious Metals where you receive all of the benefits of the largest selection of products, immediate price lock-in on order, all day and all night and all weekend buying, online ordering or access to helpful phone representatives and much more. APMEX has most products available for immediate delivery; just place an order and we are ready to go. APMEX also provides education and information on the markets and on the products.

Why do you think it is important to invest in precious metals

Precious Metals are perhaps more important for a portfolio today than at any time since the oil embargo of the 1970s. During this financial crisis, all investors have seen their investments and 401ks in stocks move together and generally down. Gold, Silver and Precious Metals have moved generally in the opposite direction from stocks. Balance, or diversification, in a portfolio is when some assets in a portfolio move up under certain circumstances and yet, under the same circumstances, some assets move down. The object of balance is to always have of one of the asset classes in the portfolio moving up. Gold, Silver and other Precious Metals have provided that balance in recent years in this financial crisis. Perhaps every investor should at least investigate the possibility of balance and diversification with Gold, Silver and other Precious Metals.

What are your top 3 precious metals products and why do you think they make a good investment

Asking about the “top 3” products in the APMEX offerings is like asking about your favorite son or daughter. However, in the most diplomatic fashion, here are three products that provide excellent opportunities for portfolio balance and diversification:

Gold: Gold is a currency without a country, and many believe it is the one true currency. All other paper currencies in the world are convertible into Gold and quoted even hourly across the world. It is hard to argue with this concept of Gold as a currency since Gold has been a storehouse of value since the Roman Empire and even before. Central Banks of the world are buying Gold to back up their own currency and using Gold to shore up their dollar holdings. If these countries through their Central Banks are diversifying away from the dollar, perhaps we Americans should take note. Personally, I prefer coins over bars because of the improved liquidity if I want to sell. Some like the American Gold Eagle, a patriotic pick and very liquid in the market, but the best priced one ounce Gold coin is perhaps the Australian Kangaroo. However, one of the very best opportunities is the MintDirect® tube of 20 American Gold Eagles. These are unsorted, unsearched tubes direct from the U.S. Mint, meaning that there could be very high grade — and therefore collectible — coins in that tube. This additional collector demand for any very high grade Gold Eagles in the tube has the potential to provide additional profit.

Silver: Here is an opportunity to diversify if you came into the market as a Gold buyer. Although no one knows for sure, Silver has probably been used as money as long as Gold and perhaps longer. There is a strong relationship between Gold and Silver prices that cannot be ignored. Silver demand in the industrial arena is moving away from photography and very strongly into solar panels. Solar slowed recently with the government investments slowing, but long term, solar demand should grow as the power needs grow and especially as smaller, more personal solar units become available. Who wouldn’t want the sun to lower your electric bill? For Silver, I also prefer coins to bars for the improved liquidity. The American Silver Eagle is the most popular followed by the Silver Maple Leaf. However, one of the best opportunities is the San Francisco American Silver Eagle in MintDirect® tubes of 20, and here’s why: you get the benefit of the unsorted, unsearched MintDirect® tubes which may contain very high grade specimens, but you also get the San Francisco Mint [MH1] (often called the “branch” mint) version that is also sought by collectors. This means you get Silver demand plus potential collector demand from both very high grade coin collectors and the San Francisco Mint collectors.


Platinum: Yes, there is a need for diversification even in Precious Metals, and here I like Platinum because of its industrial demand for automobile converters. If you believe in a recovering economy and more autos replacing old and new growth, then Platinum is one of the key Precious Metals for diversification. Again, I like the coins over bars, and the Australian Platypus (it is a strange animal for a coin) is one of the best buys in the marketplace.

Palladium: I know, I was asked for three, but how can we forget Palladium? Palladium is really improving as a more economical substitute for Platinum in industrial applications and has increased in value substantially as a result of these technological advances. Diversification into Palladium is a move that can provide more exposure to an uplifting economy, like Platinum, but takes advantage of the lower price point in the manufacturing sector. Unfortunately, coins are not as easily obtainable in Palladium but I really like the APMEX “Ballerina” 1 oz fully struck bar in the tamper evident packaging. This bar is made for APMEX by the giant producer Norilsk who mines the ore, refines it and makes this beautifully struck bar. You cannot get Palladium more direct from the mine to your hand than with the APMEX Palladium Ballerina. In my personal opinion, a well-balanced Precious Metal portfolio should have about 5 percent in Palladium.

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Buying Gold? Top 4 Things to Keep in Mind

American Gold Eagle

American Gold Eagle (Photo credit: Wikipedia)

Whether you are worried about the economy or saving for the future you may want to consider putting a little bit of your savings into Precious Metals like Gold or Silver. But don’t rush into this investment without considering the following 4 points.

  1. Learn the terms: Confused by what spot, bid, ask, and troy ounce is. Learn about these terms by visiting our glossary or by visiting our new investors page.
  2. Research the product you would like the purchase: Some Gold products are more expensive than others. Call one of our representatives who can help you figure out the best product for your needs. We have over 7,000 products in stock so we have no doubt you will find something that is best suited to meet your financial goals!
  3. Research the precious metals dealer: Buy from a reputable company. Check customer ratings on the company website, ensure that they are BBB accredited and visit the company’s social channels on Facebook, and Twitter. Look for a company that offers transparent pricing and secure shipping. There are a lot of players out there and you want to make sure that you buy from the company that is best suited to your needs.
  4. Think about storage: If you make a large investment in Precious Metals, you will want to consider storage options. APMEX customers can store their purchases at a wholly owned subsidiary called Citadel. Learn more here.

Visit APMEX.com or call (800) 375-9006 to find out more about buying Precious Metals. You’ll see that APMEX has all four of these important characteristics you should look for in a Precious Metals dealer.

 

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Special 24-Hour Pricing On Silver Eagles

One Day Only.The Most Popular Silver Bullion Coin in the U.S. At A Special Low Price. 2012 1 oz Silver American Eagles

2012 1 oz Silver American Eagle

Here’s a rare opportunity to get a special price on the latest issue of the most popular Silver bullion coin in the U.S. — the 2012 1 oz Silver American Eagle. If you order before 3 p.m. CDT tomorrow, July 3, you can obtain any quantity for the low price of only $2.99 per coin over spot. Before this special pricing, you would have had to purchase at least 500 coins to get the same low price.

DIVERSIFY YOUR INVESTMENTS WITH THIS STUNNING SILVER BULLION COIN

If you are interested in investing in Silver, the 2012 1 oz Silver American Eagle is a beauty in Brilliant Uncirculated condition. 1 oz Silver American Eagles are popular investments because they’re…

  • Government backed: The U.S. Mint guarantees the 1 oz weight and .999 fine purity of every coin
  • Very popular: This world renowned Silver bullion coin is very liquid and easy to sell
  • Beautifully designed: It has Adolph Weinman’s iconic Lady Liberty on the obverse, or front

IRA approved: This coin is approved for use in your Precious Metals IRA

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Superb Price on Gold Maple Leafs

Order the world-renowned 1 oz. Gold Canadian Maple Leaf (Random Year), any quantity for just $44.99 per coin over spot. There is no minimum purchase required to get this price. But you have to act now, special pricing ends 5 P.M. CDT April 3, 2012.

Canadian Maple Leaf Random Year

1 oz Gold Canadian Maple Leaf Random Year any quantity for just $44.99 per coin over spot. Pricing ends 5pm CDT April 3 – Click to Tweet

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24 Hours ONLY – Great Low Price on Gold American Eagles

24 HOURS ONLY! DON’T MISS THIS OPPORTUNITY
1 OZ. GOLD AMERICAN EAGLES (RANDOM YEAR)
JUST $64.99 PER COIN OVER SPOT

Act now! For 24 hours only, you can buy 1 oz. Gold American Eagle Random Year coins — as many as you’d like — for the low price of $64.99 per coin over spot. These coins are among the most popular bullion coins in the U.S. They’re highly liquid and approved for Individual Retirement Accounts, making them well-suited for investment and easy to sell. Don’t miss out! Special pricing ends at 4:00 p.m. (CDT) on Tuesday, March 27. Order yours today!

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Fun Facts About Gold – Part 1

At APMEX, we’ve scoured the Internet looking for fun and interesting facts about gold for our readers.

This is the first in a two-part series that will introduce 50 fun facts about gold. Some are common knowledge, some will be new to you. Enjoy these first 25 and check back next week for 25 more!

  • An American Gold Eagle.

    An American Gold Eagle. (Photo credit: Wikipedia)

    Gold is a chemical element with the symbol Au and an atomic number of 79.

  • Gold has been sought for coinage, jewelry and arts since the beginning of recorded history.
  • Gold occurs as nuggets, grains in rocks, veins and alluvial deposits.
  • Gold is the most malleable metal known; an ounce of gold can be beaten into 300 square feet and can be beaten thin enough to become translucent.
  • Gold has a bright yellow color which is maintained without oxidization in air or water.
  • The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or .99999 fineness, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%.
  • Gold is a coinage metal and serves as a symbol of wealth and store of value.
  • Gold has been linked to a variety of symbolisms and ideologies; in ancient Chinese, the symbol for gold was the circle with a point at its center (☉), which was also the astrological symbol and ancient Chinese character for the sun.
  • The American Gold Eagle, the British Gold Sovereign and the South African Krugerrand continue to be minted in 22k metal in historical tradition.
  • Modern industrial uses of gold include dentistry and electronics.
  • Gold is chemically least reactive.
  • Gold is insoluble in nitric acid, which dissolves silver and other base metals.
  • In all of history, the 161,000 tons of gold that have been mined are barely enough to fill two Olympic-size swimming pools.
  • In 2006, the United States Mint began production of the American Buffalo gold bullion coin with a purity of 99.99%.
  • Gold is used as a conductor of heat and electricity.
  • Gold is chemically unaffected by air, moisture and most corrosive agents.
  • Gold is very dense, a cubic meter weighing 19,300 kg or approximately 42,549 lbs.
  • Common colored gold alloys such as rose gold can be created by the addition of various amounts of copper and silver.
  • The amount of gold in the world is finite and production has not grown in relation to the world’s economies.
  • At the beginning of World War I the fighting nations moved to a fractional gold standard, inflating their currencies to finance the war effort.
  • The Australian Gold Kangaroo was first coined in 1986 as the Australian Gold Nugget, while its kangaroo theme appeared in 1989.
  • Pure gold is too soft for day-to-day monetary use and is typically hardened by alloying with copper, silver or other base metals.
  • The gold content of alloys is measured in carats (k); pure gold is designated as 24k.
  • Gold coins intended for circulation from the 1500s into the 1930s were typically a standard 22k alloy called crown gold, for hardness.
  • Many holders of gold store it in the form of bullion bars and rounds as a hedge against inflation and other economic disruptions.

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