Act Now And Lock In Silver Prices Today

If you have been waiting for the right time to make an investment in Silver, now could be the right time. In times of economic uncertainty, investors tend to purchase Silver as a store of value and hedge against the uncertainty in the markets. Now may be a good time to act.

PLACE YOUR ORDER AND LOCK IN YOUR PRICE TODAY

Place your order today and you will lock in today’s price. If Silver climbs between the time you place an order and the time it ships, your price doesn’t change. There are no commissions or hidden fees. This means no surprise price increase when you buy your favorite items — even if Silver prices continue to rise.

DON’T MISS THIS BUYING OPPORTUNITY IN SILVER

The 1 oz Silver American Eagle (Random Year) coins:

  • Size, weight and purity are guaranteed by the U.S. government
  • Eligible for Precious Metals IRAs
  • Multiples of 20 are packaged in mint tubes. Multiples of 500 are packaged in “Monster Boxes”
  • .999 fine Silver in Brilliant Uncirculated condition
  • Features stunning, patriotic designs — the classic Walking Liberty on the obverse, or front, and an American eagle, the very symbol of our nation’s freedom, on the reverse
The 2013 1 oz Silver Canadian Maple Leaf (Random Year) coins:

  • Contains 1 oz of .9999 fine Silver
  • Multiples of 25 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: Right-facing profile of Queen Elizabeth II, along with the year and face value
  • Guaranteed by the Royal Canadian Mint

 

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Top 10 most read posts from the APMEX blog

Catch up on what you missed this year! Here are 2012’s top ten most read posts from our blog.

Buying Gold? Top 4 Things to Keep in Mind

Interview with David Ganz, author of The Essential Guide to Investing in Precious Metals

Oklahomans can Buy Gold and Silver Coins and Bars without Paying Sales Tax!

Special Report: Fiscal Cliff? U.S. Debt Ceiling is the REAL Issue

Fun Facts About Gold – Part 1

How can I buy Gold?

Ten (10) Things to Know Before you Buy from APMEX

How to Spot a Fake Coin

Gold and Silver Prices Down. Is this an opportunity to invest?

Why investing is hard and Gold’s role in your portfolio. An interview with Tadas Viskanta.

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Weekly Gold and Silver Market Recap for Dec. 21, 2012

Gold drops will fiscal cliff news

The Gold market has seen better weeks this year. The indecisiveness of the United States congress over the impending fiscal cliff has taken the precious metal market on a ride. As of mid-day on Tuesday, Gold has fallen more than $20 an ounce at mid-day. Today’s dip comes as investors eye positive developments in fiscal cliff negotiations. Julian Phillips, founder of GoldForecaster.com, believes the sudden optimism over discussions in Washington is premature by stating, “Small steps toward an agreement are [supposedly] being made in Washington, but we prefer to act on a deal, not the expectation of one.” Many analysts are still bullish on the long-term appeal of Gold. Concerning today’s price pullback, one analyst stated, “Gold is on sale and should be seriously looked at below $1,700.” It appeared that politicians are close to reaching a deal to avoid the fiscal cliff at the end of the month. “If Gold is not able to defend those key supports, one should expect a new wave of technical selling to continue,” said Adam Sarhan, chief executive of Sarhan Capital. At 2 percent down, the yellow metal saw one of the biggest drops since November 2. By the middle of the week optimism over a fiscal cliff deal started to fade and gold fell flat. The back-and-forth sentiment regarding fiscal cliff aversion leaned negatively today after Tuesday saw positive reports, which prompted a major sell-off. Gold has gained 7 percent in 2012 as central banks around the world continue to be net buyers of the metal. However, investors remain concerned over market stability, and interest rates remain close to zero. Economists, financial analysts and individual investors continue to speculate about Gold’s future as the fiscal cliff draws near. As of Friday the market started to get back some of the lost ground from the week but it won’t get back all of it. This week looks to be the worst since June for Gold, though it is still on track for yet another annual gain. Brian Lan of GoldSilver Central in Singapore said, “At the moment, the U.S. budget talks are stalling. Many are unsure if they should enter the market. Perhaps when the U.S. has more concrete news on the outcome, investors will be more comfortable taking positions again. The market volume is thin amidst all these uncertainties, and the year is coming to an end. Many of the investors prefer to take profits and just leave the market.”

It’s not all about the cliff

This week has been a repeat of last week when it comes to the news reports in the United States. There has been much talk about dealing with the fiscal cliff but, not any action as of Friday. Away from the talks in congress the world keeps going and it is not all so negative. Americans are trying to focus on the good news rather than the bad as an upcoming fiscal cliff resolution looks uncertain. Consumer spending in November increased as household purchases rose 0.4 percent. As the unemployment rate has improved and jobs are becoming more stable, Americans feel the economy is more secure. “The numbers are encouraging,” said Brian Jones, a senior U.S. economist at Societe Generale in New York. “There’s business that has to get done whether or not these guys iron out this thing in Washington in a timely fashion. We’re going to start the year off slowly and gradually build momentum” because there will probably be a last-minute deal, he said. Mild indications that the U.S. economy is improving have softened expectations that the Federal Reserve will increase its liberal spending. “The GDP number was better than forecast, so the thinking is that improving conditions in the economy might mean a light at the end of the tunnel on when the Fed will end QE3,” said Phil Streible, a senior commodity broker at R.J. O’Brien & Associates. With all the negatives surrounding the fiscal cliff there are still positives to be found.

 

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Special Report: Fiscal Cliff? U.S. Debt Ceiling is the REAL Issue

Debt Ceiling to allow U.S. Debt to hit historic level in early 2013

While there have been and continue to be a significant number of hands wringing over the fiscal cliff , which takes effect on December 31, perhaps the REAL issue is coming very early in 2013: the U.S. Debt Ceiling.

The fiscal cliff is being discussed on every business report on television, radio, Internet blogs and print media. As you most likely know, fiscal cliff is the name given to the event associated with the simultaneous expiration of the Bush-era tax cuts, the increase in the payroll tax and the immediate reduction of federal government spending. For reference, here are links to APMEX’s special reports n the fiscal cliff.

Fiscal Cliff is but the Beginning

While the sudden and significant impact of multiple changes in the economy is surely creating anxiety and uncertainty in both the personal lives and business of Americans, this is likely only the beginning of issues as the United States begins to respond to the “new normal” following the Great Recession.

However, the next increase in the federal debt ceiling – the maximum amount the U.S. may borrow as set by Congress – will establish the maximum U.S. Federal Debt at about $18 trillion. While this is, of course, a huge level of debt and the largest debt of any country, the U.S. also has the world’s largest economy.

The question that each country must address is “How much debt can this country afford?” The answer depends on a number of factors and is often measured in the ratio of debt to Gross Domestic Product (GDP) of the borrowing country. Historically, for the U.S., this ratio has generally been between 30 percent and 65 percent, from 1950 until the beginning of the Great Recession in 2008.

U.S. Debt is at Historically High and Dangerous Levels

When the next debt ceiling is set by Congress, most likely in early 2013, presuming borrowing to the ceiling and low GDP growth, the U.S. Debt to U.S. GDP ratio will most likely be about 120 percent, a level more than double the historical levels since 1950.

How does this compare to other countries? Below is a table of several key countries around the world. Also, here is a complete list of countries with Debt to GDP levels provided by the International Monetary Fund.

countrydata

The History and the Current Status of the U.S. Debt Ceiling

During World War I in 1917, the U.S. Congress passed a law requiring Congressional approval on the aggregate debt outstanding of the United States. Prior to this, Congress was required to approve each and every debt offering. Since 1950, there have been 95 changes to the debt ceiling; since 2000 there have been 13 changes, or about one per year. You can read about the History of the U.S. Debt Ceiling or see a listing of all changes to the U.S. Debt Ceiling, use Table 7.3.histroyofdebt

Since 2000, the increases in the U.S. Debt Ceiling have been larger than in previous years as the United States borrowed more to finance the 2000 dot-com bust, the wars in Afghanistan and Iraq, and the Federal support of the Great Recession of 2007–2008.

The current status of the U.S. Public Debt and the Debt Limit is shown in the charts below. The U.S. Debt has increased by more than 15 percent since January 2011. The current U.S. Debt is very close to the U.S. Debt Ceiling of about $16.5 trillion and, accordingly, Congress will be required to take action very soon.USpublicdebt

The U.S. Debt has increased $2.1 trillion, or about 15percent, in just two years since January 2011. Despite the large increase, the Federal Government has almost borrowed to the limit.

The U.S. Debt Ceiling must be raised in the very near future, most likely in a few months. As the chart below shows, at the end of October 2012, only about $172 billion remained available under the U.S. Debt Ceiling. In November 2011, federal borrowing increased by $119 billion, and if that were the borrowing rate for November 2012, almost all of the available U.S. Debt availability would be consumed.

Note: In an article in The Wall Street Journalon December 12, 2003, it was reported that the U.S. Treasury currently has only about $67 billion remaining in borrowing capacity.

usborrowingThe red line represents the total borrowing capacity of the United States that is above the current aggregate outstanding U.S. Debt. Since January 2012, U.S. borrowing has increased such that the remaining availability has declined each month , leaving the availability in November 2012 at just $172 billion. Here is the U.S. Treasury Monthly Statement of the Public Debt of the United States.

Gold and the U.S. Debt in 2012 and Beyond

With much debate on the fiscal cliff and future debate on the debt ceiling, the end result will be that the U.S. will most likely continue to be in a period of very high federal debt relative to the GDP. This relationship cannot be changed in a year and perhaps not even in five years.

The Europeans are ahead of the United States in addressing their debt to GDP issues with Greece, Portugal, Ireland and Italy. Spain will most likely become a problem as well. The solution in Europe has been the same as the solution in the U.S.: the Central Banks create more currency to keep the economy from falling even further.

A recent article in Barron’s, titled “Is Bad News Still Good News for Gold?” Randall Forsyth, the author, in the last paragraph says

As long as authorities try to do whatever it takes to hold the system of fiat currencies and indebted governments from flying apart, paper money will continue to lose value relative to the traditional store of value, gold.

Also read

Special Report: Fiscal Cliff is Only 1 of “4 Horsemen of the Economic Apocalypse” for 2013

Special Report: 5 Possible Outcomes of the U.S. “Fiscal Cliff”

Special Report: Read about the United States Fiscal Cliff

 

 

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8 cool facts about the Gold American Eagle

  1. This is one of the official Gold bullion coins of the United States.
  2. These coins are produced at the West Point Mint in West Point, New York. The Proof and burnished uncirculated coins carry the mint’s mark (“W”) beneath the date.
  3. The Gold Eagle is offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz sizes
  4. By law, the Gold used for American Eagles must come from sources in America. The Gold is alloyed with Silver and Copper to produce a more wear-resistant coin.
  5. The Gold Eagle is .9167 fine, or 22 karat Gold, but each Gold Eagle has an actual Gold weight of 1 troy ounce. The coins are authorized by the United States Congress and are backed by the United States government for weight and content.
  6. Are you a collector? The United States Mint also produces a Proof version for coin collectors.
  7. The obverse of the Gold American Eagle features a rendition of the Augustus Saint-Gaudens design for the $20 Gold Double Eagle coin from 1907. This famed design depicts Lady Liberty lifting high a torch in one hand and holding an olive branch in the other.
  8. The reverse is designed by Miley Busiek and shows a male eagle holding an olive branch in flight above his nest where a female eagle awaits with her young.

Do you own an American Gold Eagle? Like, Share, Tweet and Blog about this piece of American history.

american_eagle_infographic_final_updated-01

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