Brand New and Available for Pre-Order 2012 5 oz Silver Hawai’i Volcanoes National Park 14th in the “America the Beautiful” Series!
Already a major tourist attraction by the 1840s, Hawai’i Volcanoes became a national park on August 1, 1916. The park was created to preserve the natural setting of the Kilauea and Mauna Loa volcanoes. Kilauea is one of the most active volcanoes on Earth, helping to make the park one of the most popular visitor attractions in Hawaii.
The park’s 500 plus square miles features a range of climates from rain forests to barren deserts, plus some of the rarest and most exotic flora and fauna on the planet. The new 2012 5 oz Silver Hawai’i Volcanoes National Park coin joins the other 13 national parks in the America the Beautiful Series and features:
- Exquisite detail:The region’s first Western visitors called the erupting volcano “a spectacle,” “sublime” and even “appalling.” This large, 3″ diameter coin brings that awe inspiring grandeur to life in more detail than is possible on smaller coins.
- 5 oz of .999 fine Silver:The U.S. government guarantees the weight and purity of this coin which comes in a very popular, easy to store and sell size.
- Brilliant Uncirculated condition: This coin comes to you protected by a plastic capsule. Multiples of 10 come in mint issued tubes, ensuring that you receive them in excellent condition.
The markets for Gold and other commodities are going strong thanks to more economic issues in the United States and Europe. While the price of Gold has been steady, the stock market has been anything but. Menachem Brenner, a finance professor at New York University’s Stern School of Business, said, “People have lost confidence in nearly every other instrument, so they invest in Gold. Over the past 10 years, commodities have become a new asset class if you want to diversify beyond stocks. More institutional investors are coming in. This will be going on for years to come.”
Germany is going to be a major factor in the way Europe handles the financial crisis it faces. How the Germans factor into the equation will be a hot topic at the European Union summit on Thursday. The focus will be on which nations will lead the recovery efforts. However German Chancellor Angela Merkel says the focus needs to be more long term. “I say quite openly, when I think of the summit on Thursday, I’m concerned that once again the discussion will be far too much about all kinds of ideas for joint liability and far too little about improved oversight and structural measures.”
In the United States, the November elections are on the minds of Americans. The question may not be who will be elected, but what he will do once elected. In a recent poll, the answer to who will do the best job with the economy was “none of the above.” An Associated Press poll conducted from June 14 to 18 shows the majority of those asked said the winner will have “just some impact” to “no impact” on the economy. Not even one-third of the American voters polled said they think the economy will get better in the next year.
At 1 p.m. (EDT), the APMEX Precious Metals spot prices were:
- Gold, $1,585.30, Up $17.90.
- Silver, $27.58, Up $0.81.
- Platinum, $1,441.20, Up $8.00.
- Palladium, $607.50, Down $0.70.
Precious metals prices have remained stable throughout the day following this morning’s trends with little movement. Federal Chairman Ben Bernanke will hold a press conference Wednesday and it is expected that additional easing measures will be announced. Anne-Laure Tremblay from BNP Paribas wrote in a note to clients, “Probable actions include interest rate cuts by the European Central Bank and the People’s Bank of China [and] further quantitative easing by the Federal Reserve,” she said, adding that such action would likely support gold buying. “Quantitative easing, or an expansion of a central bank’s balance sheet, is more favorable for gold prices…[as it] tends to have a strong negative impact on the U.S. dollar and is also more likely to raise inflationary expectations.”
As the Federal Reserve continues its two-day policy meeting tomorrow with a hopeful resolution to stimulate America’s economy analyst Dick Bove is patiently waiting, but not quietly. Bove considered what a third round of quantitative easing would actually do for the financial system he said, “It seems clear that the United States economy’s growth is slowing and that the global economy is facing major challenges. This suggests a need for some action by the Federal Reserve and other central banks,” Bove said in a note to clients. “It also appears to be just as evident that lowering interest rates to zero and printing more money are not effective options.”
At 5:01 p.m. (EDT), the APMEX Precious Metals spot prices were:
- Gold, $1,619.50, Down $8.00.
- Silver, $28.47, Down $0.30.
- Platinum, $1,481.50, Down $4.60.
- Palladium, $630.40, Down $3.80.