12.30.11 Weekly Recap

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APMEX Wishes You a Prosperous New Year!

The price of Gold has been heavily affected by the euro zone crisis this week. In the words of one analyst, “The developments in Italy have perked up the dollar, and that is pushing Gold down.” The long-term outlook for Gold continues to be supported by consistent purchases of Gold by central banks. Although there has been a recent correction in the Gold price, the viewpoint is still positive for the asset. According to James Moore of TheBullionDesk.com, “Precious metals have been hit, as traders and investors continue to lock in profits and bolster cash positions in the run-up to year-end. But, it is worth remembering that despite the recent correction, Gold is still on course to post its 11th consecutive year-on-year gain. And that, given the ongoing debt problems facing many economies, record-low interest rates and the highs in Gold this year, those with a longer-term outlook could view current levels as a buying opportunity.”

Gold demand in China caused the Chinese central bank to step in and ban most Gold exchanges, with the exception of the Shanghai Gold Exchange and the Shanghai Futures Exchange. The People’s Bank of China claims that illegal activity and lax management caused risks to emerge; the bank is now leading a team to clean up problems. Chinese citizens will still be able to buy the Gold they covet, however through limited means. Chinese officials and Japanese Prime Minister Yoshihiko Noda agreed to start directly trading their respective currencies with each other. This has been an ongoing issue between the United States and China, as China views the current currency landscape as too dependent on the U.S. dollar. The short-term effect is relatively limited to helping the current U.S. trade deficit with China; however, the long-term effect could be a devaluation of the U.S. dollar.

The situation in Syria escalated to a point where the Arab League finally intervened this week. The Arab League monitors tasked with observing the situation in Syria said that they saw “nothing frightening” in Homs, the city of 1 million people who has been the epicenter of protests. Some estimates have indicated that one-third of the 5,000 people killed in the Syrian crisis were killed in Homs. Many independent video reports have shown parts of that city that resemble a war zone. The Arab League’s worry has been that their monitors would not be allowed to search during their observation; this initial report only supported those fears. Despite continued observation by the monitors throughout the week, 10 people were reportedly killed Friday morning during protests. Activists hope to meet with the monitors soon to discuss the government crackdown on the protests.

The European Banking Authority set a June 2012 deadline for European banks to raise more than 114 billion euros in fresh capital in order to assure that European banks will have enough cash on hand after the price drop in European sovereign bonds.  The Italian debt auction showed no promise after Italy’s announcement of an austerity package and the recent lending done by the European Central Bank (ECB). Spain also benefited as its six-month debt costs were halved to 2.4%. The ECB has flooded euro zone banks with almost 500 billion euros in the hope that it would be used toward sovereign debt. Last week, markets rallied on the news in the hope that banks would buy sovereign debt or loan money to other banks and businesses to stimulate the economy.

The euro, clearly dealing with a significant lack confidence, experienced a rapid and drastic drop this week, falling through an important price point of 1.30. The euro fell relative to the U.S. dollar; Gold and Silver followed their historical trend to move down as the dollar moved up. There are several opinions as to why the euro fell so rapidly. One opinion is that the European Central Bank (ECB) might still decide to roll the printing press. Another opinion is that the weaker euro has to do with the rapid expansion (10%) of the ECB balance sheet. European banks took the money loaned to them by the ECB. Instead of investing the money, they risked less by parking the money in the ECB overnight depository. A third opinion revolves around the Italian bond market, which has been very unstable lately. All three of these scenarios may very well be playing a part, but the increase in the ECB’s balance sheet is probably the current driving factor.

U.S. analysts expected that the struggling housing market was in recovery. However, data released this week indicated that U.S. single-family home prices dropped significantly in October. The focus in the U.S. has been on improving the housing market to strengthen the overall economy. The number of people contracting to buy existing homes in November went up 7.3%, higher than the 1.5% expectation. Currently, mortgage rates are at all-time lows, while housing prices continue to fall. This provides strong stimulation for increased demand. Most economists see an improved housing picture as essential for job growth and a recovering economy.

Weekly jobless claims in the U.S. rose more than expected but the unemployment claims amount remained below 400,000. Initial claims for jobless benefits went up 15,000 to 381,000. Economists polled by Reuters had forecasted 375,000 claims. Although this did break the streak of three weeks of declining claims, most analyst expect a gradual positive trend to continue.


Gold: Spot Gold prices opened this week at $1,595.20. The high was on Tuesday, Dec. 27th at $1609.20, while the low for the week occurred on Thursday, Dec. 15th at $1,523.90. Gold ended the week down $27.20 at $1,568.00. This week, the most popular Gold bullion products were  Gold American Eagles Pamp Suisse Gold Bars, and Gold Maple Leafs.

Silver: Spot Silver prices opened this week at $28.71. Silver reached a high of $29.22 on Tuesday, Dec. 27th, while this week’s low for Silver occurred on Thursday, Dec. 29th at $26.15. Silver ended the week down $0.77 at $27.94. The most popular Silver products on APMEX.com this week were Silver American Eagles, Silver Maple Leafs, Silver Buffalo Rounds and APMEX Silver Bars.

Platinum: Spot Platinum prices opened this week at $1,437.40 and ended the week down $36.20 at $1,401.20. Popular Platinum products this week included,  Platinum Bars Platinum American Eagles, and  Platinum American Eagles.

Palladium: Spot Palladium prices opened this week at $665.50 and ended the week down $8.70 at $656.80. Palladium investors preferred  Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week.

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2012 Gold Australian Kangaroos

The Perth Mint in Australia released the third product in its 2012 Australian Gold and Silver Bullion Coin Program: the Australian Gold Kangaroo. Much like the previous products in this series, the Gold Kangaroos are issued as Australian legal tender guaranteed by the Commonwealth Government of Australia. The 2012 Australian Gold Kangaroos are offered in sizes of 1/10 oz, ¼ oz, ½ oz and 1 oz, as well as the larger 1 kilo size.

The Australian Gold Kangaroos have been offered by the Perth Mint since 1989, with each year featuring a different reverse design. The jeweler to Queen Elizabeth II, Dr. Stuart Devlin, created the 2012 design, which features a single kangaroo with a bush scene and windmill in the background. The kilo coin differs slightly, in that the image is instead a hopping Red Kangaroo. The mint mark “P” appears on the reverse of each coin, along with the inscriptions “Australian Kangaroo,” the date, the size of the coin, and the purity, “9999 Gold.” The obverse of each coin shows the Ian Rank-Broadley likeness of Queen Elizabeth II, as well as the coin’s monetary denomination, 100 Australian dollars.

The Perth Mint originally opened in 1899 as a branch of Britain’s Royal Mint to help supply Gold sovereigns and half sovereigns, which were used as everyday circulating coins throughout the British Empire. In 1970, control of the mint passed from Britain to the Western Australian Government, which still owns it today.

Order Gold Kangaroos today at APMEX.com!

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Inventory Reduction Sale

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You have just five more days to take advantage of year-end values on thousands of popular Gold and Silver products, in our Inventory Reduction Sale Event. Shop coins, bars, rounds, jewelry and more, marked down to incredibly low prices. The APMEX Inventory Reduction Sale Event ends December 31st. Shop today, while supplies last!

Find Amazing Values for Investors and Collectors

From numismatic treasures to investment bullion, the APMEX Inventory Reduction Sale Event includes thousands of products at marked down prices, including:

  • Gold and Silver bars and rounds
  • Platinum and palladium items
  • Bullion coins, some in original mint packaging with COA
  • Numismatic and semi-numismatic collectibles
  • Coin jewelry
  • Commemorative coins
  • Individual coins, sets and boxed items
  • And much more!

Take Advantage of Remarkable Discounts, While Supplies Last!

Order Precious Metals online today at APMEX.com!

Keep up with APMEX news throughout your week with subscriptions to the

APMEX Commentary via RSS feed and the APMEX Blog via RSS feed.


12 Days of Christmas: Day 12 – Gold American Eagles

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For the next 24 hours only, you can buy the 1 oz. Gold American Eagle — the most popular U.S. Gold bullion coin — for only $79.99 per coin over spot. These IRA-approved coins feature iconic designs on both sides, with weight and purity guaranteed by the U.S. government. APMEX has 1 oz. Gold American Eagles in stock and ready for safe and secure shipping now. Don’t miss out. The 12 Days of Christmas Event ends Tuesday 12/13 at 10:00 AM EST. Order today, while supplies last.

Investment Appeal and Collectibility

The 1 oz. Gold American Eagles are widely held by investors and stunning to behold.

  • These extremely popular, highly liquid coins can be sold easily at any time.
  • They are approved for IRAs and can be used to diversify a long-term investment portfolio.
  • Their size and authenticity are guaranteed by the U.S. government.
  • Both sides feature iconic designs that embody the power and beauty of the American people.

Created by famed sculptor Augustus Saint-Gaudens, the front features Lady Liberty holding a torch and olive branch walking away from the U.S. Capitol against rays of sun. The back, designed by sculptor Miley Busiek, features a male bald eagle holding an olive branch as a sign of peace while, in the nest, a female bald eagle waits with her young.

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Low Pricing on Any Quantity Order as many 1 oz. Gold American Eagle coins as you like for the same low price of just   $79.99 per coin over spot.  Order today, while supplies last!

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Last Chance! Shop all of the APMEX 12 Days of Christmas Specials Today.

Missed any of our daily specials? See the complete selection of Gold and Silver offerings for the Holidays at APMEX.Order Gold American Eagles online today at APMEX.com!



Keep up with APMEX news throughout your week with subscriptions to the

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12 Days of Christmas: Day 7 – Australian Silver Dragons

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Ring in the New Year with the 2012 1 oz. Silver Australian Year of the Dragon coin priced at just $84.99 each for any quantity! These .999-fine Silver coins were minted in limited quantities by the Perth Mint in Australia. APMEX has the 2012 Australian Silver Dragons in stock and ready to ship in original mint-issued plastic capsules. Buy Silver from the Perth Mint today, while supplies last!

Quantities of this Highly Anticipated Coin Are Limited — Get Yours Today!

The Perth Mint has received more than 2 million requests for the 1 oz. 2012 Silver Australian Year of the Dragon coin, but minted only 300,000. What makes these coins so special?

  • The Year of the Dragon comes around only once every 12 years.
  • The dragon is the only mythical creature in the Chinese lunar calendar, and it’s one of the most popular.
  • The dragon is known for its strength, beauty, and noble nature. It is flawlessly portrayed on the back of the 2012 coin in a playful, yet powerful stance.

With such strong demand, supplies of these coveted Silver Australian Dragons won’t last long. Order today!

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In Stock and Ready to Ship from APMEX

Add the 2012 1 oz. Silver Australian Year of the Dragon coins to your portfolio and take advantage of our low price of just $84.99 per coin.

Demand for the 2012 Gold Australian Dragons is great!

The Perth Mint produced only 30,000 of the 2012 1 oz. Gold Year of the Dragon coins, yet buyers have requested more than five times that number from the mint. Don’t miss this opportunity to own yours at $40 off regular price per coin, while supplies last.

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Shop More Lunar Calendar Silver from the Perth Mint

APMEX   stocks the full collection of Silver Australia Lunar Series II coins in   various sizes and conditions, including colorized and gilded coins. A unique design is featured for each year.

Order Australian Dragons online today at APMEX.com!

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12 Days of Christmas: Day 5 – Australian Gold Kangaroos

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Now available from APMEX, the 2012 1 oz. Australian Gold Kangaroo is only $44.99 per coin over spot. At .9999 fine, this is one of the purest Gold bullion coins minted annually by the Perth Mint. And with a design that changes each year, the Gold Australian Kangaroo is sought after by collectors and investors alike. Order yours today, while supplies last.

Bullion Pricing + Collectability = Exceptional Value

The Perth Mint is one of the most popular mints in the world and its Gold Kangaroos are bullion coins valued by investors and collectors worldwide. The 2012 1 oz. Gold Australian Kangaroos are:

  • Dated 2012 with a face value of $100.
  • Specially priced, it is the lowest-priced 1 oz. Gold coin we sell.
  • IRA-approved, high-quality products for investors building retirement wealth.

The back of the coin features an adult kangaroo standing tall in a field with a windmill in the background. It also displays the date, weight and fineness of the coin. On the front is a profile of Queen Elizabeth II, along with the words “Elizabeth II,” “Australia” and “100 Dollars.”

An Amazing Value in One of the Purest Gold Coins

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Buy any quantity of 2012 1 oz. Australian Gold Kangaroo coins at the special price of just $44.99 per coin over spot, while supplies last.

Shop Our Full Line of Australian Gold Kangaroos

APMEX stocks Australian Gold Kangaroos from 2012 and prior in a variety of sizes and designs. Choose from sets or individual coins, including some individually packaged in assay cards.


Looking for a special silver Gift Idea? How about Australian Silver Kangaroos?

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Minted by the Royal Australian Mint, Australian Silver Kangaroos come in a wide variety of gorgeous designs. You’ll be amazed by the attractive packaging and affordable pricing that make these coins ideal gifts!

Order Gold online today at APMEX.com!

Keep up with APMEX news throughout your week with subscriptions to the

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12 Days of Christmas: DAY 1 – Silver American Eagles

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Add the 2011 1 oz. Silver American Eagle coin to your portfolio today. The American Eagle is .999 fine Silver. Adorned with an iconic design, it makes the perfect gift. Purchase any quantity for the same low price of $2.49 per coin over spot while supplies last. A U.S. Mint Authorized Purchaser, APMEX buys directly from the mint and has 1 oz. Silver American Eagles in stock and ready to ship today.

Benefits for Investors and Collectors

It’s no wonder the Silver American Eagle is the most popular Silver bullion coin in the U.S.

  • Collectors value its beauty, Brilliant Uncirculated condition and patriotic design.
  • For investors, Silver American Eagles are IRA-approved and, because of their popularity, they’re highly liquid and can be sold easily if needed.
  • Plus, their size, weight and purity are guaranteed by the U.S. government.

The Silver Eagle program started in 1986 and these stunning coins have been minted each year since. The back features a bald eagle clutching arrows and an olive branch, along with 13 stars representing the original colonies. On the front, Lady Liberty is gracefully walking from right to left as the sun rises over the ridge in the background. She wears flowing robes draped in an American flag.

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The 1 oz. 2011 Silver American Eagle coin is .999 fine Silver. The most popular coin in the U.S. in stock and ready to ship today.

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2011 1 oz. Silver American Eagle Proofs are available, complete with the mint-issued box and certificate of authenticity. Limit 3 per customer.


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Silver American Eagles come Certified or Uncertified; Brilliant Uncirculated, Proof or Burnished; individually or in sets, with different mint marks. Orders are limited to only 20 coins per customer per day.

Shop Today at APMEX!

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Why Wait For Friday?

Take advantage of APMEX Black Wednesday specials on Gold and Silver today, while supplies last. Look for the gift box icon, and find terrific gift ideas plus great opportunities to add to your own Gold and Silver collection. These exclusive specials end Tuesday, November 29 at 9:00 a.m. (ET) — Don’t miss out!

Six Days Only!

We have reduced prices on hundreds of products throughout the site. Just look for this special animated stamp icon on select products. The APMEX Black Wednesday sales event ends Tuesday, November 29 at 9:00 a.m. (ET), or while supplies last. Act now, before the item you’re looking for sells out! This icon indicates that the product is part of the sale and its price has been reduced!

Hundreds of Reduced Prices, including:

Cull Silver Dollars At The Spot Price

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A great value for collectors, these heavily circulated but undamaged Morgan or Peace Silver Dollars contain .7734 oz. of pure Silver, and date back to 1878-1935. Orders are limited to only 20 coins per customer per day.

$10 Indian Gold Eagles MS-63 PCGS

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Just $1,395 per coin for any quanity. These unique pre-1933 Indian Gold  Eagles coins contain .4838 oz. of pure Gold and are graded MS-63 by PCGS, one of the most highly respected coin grading services.

2011 1 oz. Silver Somalian Elephants PR-69 PCGS

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Only $49.99 per coin! The hard-to-find Silver Elephant is part of the African Wildlife Coin Series. Minted in Germany, the Silver Elephant coin has a denomination of 100 shillings and is struck in .999 fine silver. Orders are limited to five coins per customer per day.

Shop Today at APMEX!

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