The global increase in demand for physical Gold began in the fourth quarter of 2012 and continued into the first quarter of 2013 as the aggregate metric tons of physical Gold taken by bar and coin buyers increased from approximately 336 tonnes to approximately 377 tonnes, an increase of over 12%. Physical Gold bar and coin demand in the United States grew from approximately 17 tonnes in the fourth quarter of 2012 to approximately 20 tonnes in the first quarter of 2013, an increase of approximately 22%.
Any quantity only $69.99 per coin over spot!
With an iconic design and 1 oz of Gold, the 2013 Gold Eagle combines the best aspects of collectibility and bullion investment appeal, which has made it America’s preferred Gold coin. Act now: http://po.st/lUWEgz
- Contains 1 oz actual Gold weight.
- Multiples of 20 are packaged in mint tubes. Multiples of 500 are packaged in “Monster Boxes.” All other coins will be in protective plastic flips.
- Eligible for Precious Metals IRAs.
- Obverse: Adapted from Augustus Saint-Gaudens’ famed Gold Double Eagle design, which features Lady Liberty walking confidently against the sun’s rays.
- Reverse: Designed by Miley Busiek, the reverse shows a male bald eagle in flight carrying an olive branch to his nest, where a female awaits with her young.
- Minted at West Point, N.Y.
Gold Eagle Coins – Why buy Gold from APMEX?
APMEX makes buying Gold online easy with prompt service, convenient access, and competitive pricing on a wide selection of Gold coins, Gold bars and Gold rounds. Call our Account Managers toll free or click on the ”Live Chat” button now to add Gold Eagles to your holdings today! APMEX is where to buy Gold! Also, you can turn to us when it’s time to sell Gold or sell Silver. If you are buying more than $50,000, please call (800) 375-9006.
GOLD ENDS WEEK LOWER
As the week comes to a close, Gold is sitting at a two and a half week low. On Tuesday, the first of numerous reports that affected the price of Gold came out of Europe regarding formation of a banking union. This has caused a belief that there will be less financial risk in the region, which has in turn caused a drop in safe haven assets such as Gold. “Any indication that Europe is working towards a resolution is bad for Gold,” Adam Klopfenstein, a senior market strategist at Archer Financial Services Inc. in Chicago, said in a telephone interview. “Money is flowing into riskier assets like equities.” The next move in the Gold price came on Wednesday when the U.S. weekly jobless claims fell to a five year low. Improved labor conditions tend to put pressure on the yellow metal due to the Federal Reserve’s preservation of a low federal funds rate as compared to the unemployment rate. If the Fed raises interest rates, the market perceives that as a sign they may also cut back on current monetary policy, which makes Gold shine as a safe haven asset. “Jobless claims were better than expected, indicative of a recovering U.S. economy, and the dollar is a little bit stronger … In that kind of environment you would expect Gold to come under pressure,” Deutsche Bank analyst Daniel Brebner said. The Gold price declined as the U.S. dollar strengthened against the yen and investors focused on Federal Reserve Chairman Ben Bernanke’s speech Friday morning. Expectations that Bernanke might reveal a plan to slow the Fed’s bond purchase program weighed on the metal as similar rumors have negatively impacted Gold in the past. Friday’s price dip drove Gold down 2.5 percent to its lowest level in two weeks.
GOLD STILL SHINES FOR MANY
Even in the face of lower Gold prices, many investors and market analysts believe the future for the yellow metal is strong. Investors have noticed the movement metals have experienced and continue to feel confident purchasing hard assets. New concerns come from the Federal Reserve’s proposal to modify quantitative easing (QE) based on recent positive economic data. “With the Fed’s recent commitment to stand ready to alter the pace of QE, based on employment and inflation expectations, bullion prices are likely to remain highly sensitive to changes in U.S. employment data,” HSBC said in a note. Andy Xie of MarketWatch believes that with growth stuck at about a two percent range and inflation seemingly rising in the future, the U.S. is in a period of stagflation. Xie wrote, “Despite its recent setback, Gold remains a big beneficiary of the current macro environment. It could make a new high in the current year and rise much higher in 2014. The Gold bull market will end when an inflation crisis pushes central bankers around the world to tighten aggressively… For the masses, Gold is the best inflation hedge.” Last month, Gold imports into China more than doubled, setting an all-time high. One of the most impressive things to note is that all of this happened before Gold’s price dropped in April. “This is quite out of expectation as all these imports were done before the market slump in April. Judging from the explosive growth of trading volume on the Shanghai Gold Exchange in the second half of April, and anecdotes that many jewelry shops are sold out throughout the country, imports might be even more substantial in April,” said Qu Mingyu, a trader at Bank of China, one of the country’s three largest bullion banks.
At 4:00 pm (EDT), the APMEX precious metals spot prices were:
Gold, $1445.30, Down $25.60.
Silver, $23.85, Down $0.15.
Platinum, $1491.80, Down $26.20.
Palladium, $709.00, Down $7.80.
For more APMEX reviews of daily and weekly Precious Metals market activities, visit our News and Commentaries page.
If you want to see the finest Gold Eagle coins that the U.S. Mint makes, in conditions that collectors value years after they’re released, check out these 2013 Proof Gold American Eagles:
- Proof Finish: Special dies give the backgrounds on these coins a mirror-like finish, so the iconic 1907 Saint-Gaudens design really stands out.
- First Strikes & Early Releases: These designations mean that PCGS and NGC, both highly respected grading agencies, received these coins within 30 days of release.
- Certified: These Gold Eagles carry the coveted perfect 70 or near perfect 69 grades on the Sheldon Grading Scale of 1 (barely discernible) to 70 (absolute perfection).
- 4 Sizes To Choose From: From 1/10 oz to 1 oz, there’s an affordable option for every collector.
The more the markets change, the more you want Gold & Silver products from the world’s most respected mints, refiners and assayers. That’s all APMEX sells. And no matter what happens in the market, our prices remain transparent, competitive and fair. Here are just a few of the popular bullion products we have in stock:
APMEX offers Precious Metals through the APMEX secure website 24 hours a day, 7 days a week. Or take advantage of our extended live help hours by calling our Account Managers toll free at (800) 375-9006, Mondays through Thursdays from 7 a.m. to 7 p.m., and Fridays from 7 a.m. to 5 p.m. (CDT).