1 Day Only – Reduced Price On Gold Bars From The Royal Canadian Mint

An Incredible Price For Gold From The Royal Canadian Mint! Save When You Order By Tue., June 4, 3 p.m. (CDT).

An Incredible Price For Gold From The Royal Canadian Mint!
Save When You Order By Tue., June 4, 3 p.m. (CDT).

The famous Royal Canadian Mint began manufacturing 1 oz Gold bullion bars in 2001 for the worldwide precious metals investment sector. This Gold bar is individually numbered, contains 1 oz of .9999-fine Gold and comes to you with an assay card. (Multiples of 25 typically come in sealed boxes.)

Because Royal Canadian Mint Gold bars are eligible for Gold IRA accounts, these Gold bars are a great way to diversify one’s wealth. Buy Royal Canadian Mint Gold bars to add to your Gold collection or Gold investment portfolio.

How can your portfolio benefit from the value of Gold? Speak with a knowledgeable Account Manager at APMEX to learn about using Gold as an investment and make your Gold purchase today.

Weekly Gold & Silver Market Recap – 5/24/2013

GOLD BREAKS LOSING STREAK

This week brought an upward change the Gold price hasn’t seen in weeks. Gold & Silver experienced a dip Monday morning, but quickly recovered as technical trading gained positive momentum. “As the market started to come up, it was hitting [short-seller] stops and then that old huge level of support [for Silver], that low [traders] would put all their buy stops there. Once [prices] hit that, that’s when it did that parabolic move up,” RJO Futures senior commodities broker Phil Streible said. “All those shorts that got in this morning, they’re all covering, and all the longs that got blown out get back in on the long side.” Gold is also regaining confidence as there have been considerable selloffs in both Japanese stocks and the global equity markets. Investor sentiment quickly shifted toward the safe haven asset once economic concerns began to brew in Europe and Japan. “I think the feeling on the market is at the moment — considering how there’s been almost like a one-way street for equities over the last few months — will this just be a couple of days blip and then the buyers will return?” Ole Hansen, head of commodities strategy at Saxo Bank, said in a phone interview from Copenhagen. Gold’s negative correlation to the stock market was on display this week, as the yellow metal is heading for its best week in the past month. Mitsubishi analyst Jonathan Butler said, “The conditions are favourable for a continued role for Gold. Those loose economic policies aren’t coming to an end just yet, though there are some voices in favour of a more hawkish stance in the United States.”

ALL EYES ON THE FED

This week loomed very large in the United States, as Chicago’s Federal Reserve President Charles Evans spoke Monday in front of Congress on the outlook of the economy. “This series of events certainly has the potential to overshadow what is likely to be a relatively quiet start to the week for fundamental macroeconomic indicators out of the US, but the big question is precisely when we’ll see the market react to the imminent tighter monetary conditions,” GFT Markets market strategist Fawad Razaqzada said. Many believed the Fed would announce the slowdown of their easing program which could drastically change the global economic landscape. However, after U.S. Federal Reserve Chairman Ben Bernanke spoke on Wednesday it was clear that the easing will continue for now. When Bernanke speaks, the Gold market listens. Wednesday was no different when he said it was too early to slow down the central bank’s easing program based on current economic conditions. “The correlation of the dollar with Gold has been quite strong lately, and today’s weakness in the U.S. currency after Fed officials said it may be too early to be pulling back of QE (quantitative easing) certainly helps the metal,” Societe Generale analyst Robin Bhar said. While Gold enjoyed a positive week, not all financial markets can say the same. Ongoing concern surrounding the future of quantitative easing (QE) and weakness in Asian markets weigh on equities markets as stocks continue to trade down heading into the weekend. “Positive durable goods sales were unable to bring in any lasting support and instead may be having the opposite effect, providing more evidence for the Fed to begin tapering QE,” CMC Markets’ senior market analyst Colin Cieszynski said. This week’s markets slump could disrupt a four week winning streak for both the S&P 500 and Dow Jones Industrial Average.

At 4:45 pm (EDT), the APMEX precious metals spot prices were:

  • Gold, $1387.00, Down $7.80.
  • Silver, $22.45, Down $0.17.
  • Platinum, $1453.60, Down $5.10.
  • Palladium, $730.30, Down $10.40.

For more APMEX reviews of daily and weekly Precious Metals market activities, visit our News and Commentaries page.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

Weekly Gold & Silver Market Report for Apr 12, 2013

GOLD REACTS TO ECONOMIC CONDITIONS

As the week began, the price of Gold was mostly flat after positive gains last week. There is a continued move from commodities into equities, though many economists wonder how long this trend will last. “Equities are stronger, and that’s why we are seeing some profit-taking in Gold, but losses could be contained as there is still a lot of uncertainty, especially in Europe, where some issues are re-emerging in Portugal,” MKS Capital Senior Vice President Bernard Sin said.  This week’s main focus was on the United States Federal Reserve meeting and the future of their easing policies. “Market participants will be keen to get further clarity on where Fed members stand on QE, particularly given rising talks of flexibility and potential tapering of asset purchases,” UBS said in a note. The monthly Federal Open Market Committee meeting minutes were released early Wednesday morning, though the contents were hardly newsworthy. The report showed a growing number of reserve members questioning continued monetary easing. “In particular, participants pointed to possible risks to the stability of the financial system, the functioning of particular financial markets, the smooth withdrawal of monetary accommodation when it eventually becomes appropriate, and the Federal Reserve’s net income,” the March meeting minutes state. However, these minutes were compiled before the release of the latest employment report, which showed a slowdown in new job creation. Since the beginning of the easing program, the Fed has made it clear the program will continue until employment reports show major improvement. Another catalyst of Gold’s price drop came from Cyprus’ intention to sell excess Gold reserves to help finance their economic bailout. It is not a large enough amount of Gold to affect the price on its own; however, it does open the door to speculations of other countries’ potential plans to deal with economic issues. “A bearish interpretation would be, where Cyprus leads, others will follow. If those others were Spain or especially Italy, they have very large reserves. But there are good reasons to think in this, as in other aspects, Cyprus is a special case,” Macquarie Metals Analyst Matthew Turner said. By the end of the week, Gold had lowered to its lowest level since July 2011. Gold’s response to economic data and U.S. and foreign currencies has adjusted over time and MKS Group’s Senior Vice President Frederic Panizzutti has noticed, saying that lately, Gold “does not seem to respond adequately to the current financial and geopolitical situation. The rumors about Cyprus possibly selling some Gold from its Central Bank reserves had a psychological impact resulting in some selling despite the fact that the amount of Gold being mentioned could easily be absorbed by the market.”

MARKET REACTION QUESTIONED

While the financial markets monitor and react to different reports around the world, many economists are questioning if those reactions are justified. U.S. consumer confidence dropped to a nine month low in April as economic stability has become a concern for Americans. Pessimistic data on jobless reports and recent retail sales is preventing economic growth. The Federal Reserve plans to continue with its monetary easing policy to create stronger job and housing markets.  On the topic of monetary easing in the U.S., a prominent Wall Street money manager has joined the list of those criticizing the Fed’s quantitative easing program. Rick Rieder, the managing director of investment firm BlackRock, is calling on the Fed to rein in its bond-buying efforts, describing them as “a large and dull hammer” that is in danger of increasing inflation. This opinion marks a change for Rieder and BlackRock; in the past, the firm had been a proponent of government debt. According to Rieder, “Fed policy has had a distorting effect on capital allocation decisions of all kinds at virtually every level of the economy.” In Europe, the economic issues have been well documented and the news this week did not change the region’s outlook. Credit ratings agency Moody’s cut Spain’s rating as they expressed a pessimistic view on the country’s credibility. Spain’s new credit rating is Baa3, just one level above junk status. “Whilst acknowledging the progress in fiscal consolidation that Spain has achieved at all government levels, the outlook on Spain’s government bond rating remains negative given the continued challenges it faces in meeting the deficit targets,” Moody’s wrote in a note. Surprisingly, the Gold price has yet to react to tensions out of North Korea, instead being swayed more by economic data, monetary policy decisions and currency trades. Wednesday’s news about Cyprus selling a portion of its Gold reserves is also weighing on the Gold price. UBS said in a note, “Given the significantly weaker-than-expected employment print in March, the focus on U.S. economic data is bound to become more acute in the coming weeks and months as the market searches for clues on whether the current momentum of opinion at the Fed continues or stalls.”

At 5:00 pm (EDT), the APMEX precious metals spot prices were:

  • Gold, $1485.70, Down $82.20.
  • Silver, $26.05, Down $1.77.
  • Platinum, $1478.10, Down $48.70.
  • Palladium, $707.40, Down $27.00.

Three Tips on Purchasing with APMEX

Lean in close we’ve got an APMEX secret just for you. Before reviewing your selections and confirming your order, we want to make it clear. Just because you’re you — a valued customer! Here are three things you should know about purchasing with APMEX!

  1. You can use your credit card, but some restrictions may apply. We get it! You want to make sure that someone is home to receive your shipment. You work all day, but your mom is home, ready and willing to sign for your package. Before including her address, make sure that it is listed with your credit card company. We can only ship to an address that is on file with your credit card company. Think that puts you between a rock and a hard place? Don’t worry. Any package valued over $500 USD will require an adult signature upon delivery, and EVERY package shipped by APMEX is fully insured. That means, if no one is home to sign for the package, USPS will leave a notice which you can take to the post office to pick up your item. FedEx will even try to reach you three times before holding it at their office. If paying with your credit card, ship to an address that is listed with the card company, or choose a different payment method and have your order shipped to any address listed on your APMEX profile.
  2. The discounts are all around you. Before picking up your phone and calling to ask about promos and specials, keep in mind that you’ll immediately start saving with APMEX just by deciding to pay with a check, money order, or bank wire. And that’s not all! You can even take advantage of our account managers and let them place the order for you over the phone if you choose one of these payment methods. The savings for selecting to pay with a check or wire…3%. The benefits of having a free account manager …incredible!
  3. We are always a click away to assist you. If you have any questions while browsing through our products, you can easily connect with a customer service representative via our Live Chat feature. They will be able to guide you through your purchase and answer any questions that you may have along the way.

How to Buy Gold and Silver: Basic Terms Explained

If you are thinking about investing in metals like Gold and Silver watch this video. Once you know some basic terms about buying and selling Precious Metals go online to APMEX.COM http://po.st/cJUTkP and start shopping. If you have any questions, call us toll free at 1-800-375-9006. You will learn about basic precious metals investing terms like troy ounce, ask, bid, spot, premium and grading.

Did you know that the U.S. dollar’s purchasing power has gone down since 1971?

dollar purchasing paper compared to Gold

Weekly Gold & Silver Market Recap for April 20, 2012

Golden Haven:

Precious Metals prices are relatively flat today, as the equity markets in the U.S.A. climbed 100 points during morning trading hours. Better than expected business sentiment out of Germany boosted the euro and pushed Gold prices slightly higher. In general, Gold prices are caught between the unlikelihood of QE3 versus its safe haven appeal in the face of a ramped up European debt crisis. The International Monetary Fund and the World Bank are meeting this weekend to discuss the euro crisis. News from that meeting should affect Gold prices at market open, 6 p.m. (EDT) Sunday.  While Gold serves as a safe-haven investment for sectors ranging from individual investors to central banks, it may also be helping in an area that is a key to economic recovery: jobs. The Colorado School of Mines has a 94 percent employability rate for its 2011 graduates. Starting salaries are in the mid-$60,000 range, which is significantly higher than the average starting pay for other college graduates. In the 1990s, Gold averaged $350 per ounce; now, the price is more than $1,600, and with that comes an overflow of opportunity for the next generation’s precious metals work force.  Analyst’s reference to Gold as a safe-haven investment is not always referring simply to economic turmoil. Geopolitical tensions can also cause a boost in Gold’s appeal, such as the current situation with North Korea. After that country’s rocket failure last week, the U.S. is looking at “all options” to stop North Korea from conducting a third nuclear test. The U.S. already has halted food aid for the country after an agreement was broken by the aforementioned rocket launch. Continue reading