Letter From APMEX:
Dear XXXXX,
The United States Mint has suspended sales of gold and silver yet again. 2009 has seen an unprecedented demand for the 2009 Gold American Eagles and 2009 Silver American Eagles as investors have clamored to secure their assets and protect their wealth against the rising tide of inflation.
This suspension in sales is temporary as the U.S. Mint continues to produce these highly sought after coins. At APMEX, we have a very limited supply of both 2009 Gold American Eagle and 2009 Silver American Eagle coins in stock and ready to ship. Buy your gold and silver bullion coins now while they are still available in the marketplace.
Mint shortages have traditionally caused a significant increase in premium – however, at APMEX, we still have these coins available at very reasonable prices. Buy your gold and silver coins today before market conditions change more and prices are driven up from excessive demand.
The news from the U.S. Mint comes on the heels of the recent news of gold's all-time highs. It seems like every day, gold reaches a new high! Already this morning, gold reached $1,186.30 per ounce as investors continue to react to major financial news about gold.
News like this will only drive demand and prices higher, and supplies lower. Get your 2009 Gold American Eagle and 2009 Silver American Eagle coins at APMEX while we still have a supply to meet our customer's needs.
Buy your gold and silver online today at www.APMEX.com!
Respectfully,
David McCarty
Director of Marketing
American Precious Metals Exchange
Showing posts with label Bullion. Show all posts
Showing posts with label Bullion. Show all posts
URGENT: GOLD & SILVER COINS MAY BE IN SHORT SUPPLY
The extent can't be estimated very well but there are reports rolling in that Gold Krugerrands are in short supply and wholesalers are waiting on the South African Mint to ship out more and the US Mint is either out of or having huge difficulties keeping up with demand of Silver American Eagles.
From the US Mint Webpage:
"Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Uncirculated Coins will not be produced." (link)
Krugerrand Sources:
Gold Krugerrands Run Out
We will keep you posted as more information comes in.
From the US Mint Webpage:
"Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Uncirculated Coins will not be produced." (link)
Krugerrand Sources:
Gold Krugerrands Run Out
We will keep you posted as more information comes in.
BullionStacker.Com - A Growing PM Trading Community
Many people are wondering how they can get into the precious metal market, many people want to know how they can sell their holdings of Gold, Silver, and Platinum; and others just have an interest and want to talk about it. This can all be done at one place, and I must say that it is outstanding.
BullionStacker.com is a fairly new community formed by a group of friends that got tired of how a lot of other forums were managed. It was started with the idea of having a place for people that are serious and passionate about precious metals and give them a no-hassle place to buy, sell, and trade their Gold, Silver, and Platinum. I became a member a few months after it was founded and I have completed many successful trades/sales and have not yet had a problem outside of the USPS being slow, and unresponsive.
What sets Bullionstacker.com apart from other forums? Their main rule is to use common sense; meaning that they don't have a rulebook thicker than your precious metal holdings, they don't charge you for buying, selling, and trading, they have a feedback system in place, and they have a very active membership base. The members will also keep you alerted to hot deals found on eBay, other websites, and in magazines which has provided great buying opportunities, some of which were under spot!
If you are looking for a great precious metal community to learn, to grow, to buy, to sell, to trade, to teach, or to just hang out be sure to check out the guys at BullionStacker.com.
Disclosure: I receive absolutely NO compensation in any way by writing this article, or endorsing the forum at all. I am just a member of the forum that wants to share the opportunity.
BullionStacker.com is a fairly new community formed by a group of friends that got tired of how a lot of other forums were managed. It was started with the idea of having a place for people that are serious and passionate about precious metals and give them a no-hassle place to buy, sell, and trade their Gold, Silver, and Platinum. I became a member a few months after it was founded and I have completed many successful trades/sales and have not yet had a problem outside of the USPS being slow, and unresponsive.
What sets Bullionstacker.com apart from other forums? Their main rule is to use common sense; meaning that they don't have a rulebook thicker than your precious metal holdings, they don't charge you for buying, selling, and trading, they have a feedback system in place, and they have a very active membership base. The members will also keep you alerted to hot deals found on eBay, other websites, and in magazines which has provided great buying opportunities, some of which were under spot!
If you are looking for a great precious metal community to learn, to grow, to buy, to sell, to trade, to teach, or to just hang out be sure to check out the guys at BullionStacker.com.
Disclosure: I receive absolutely NO compensation in any way by writing this article, or endorsing the forum at all. I am just a member of the forum that wants to share the opportunity.
The Precious Metal Investor Paradox
I made this flowchart for any newbies that may not understand how purchasing precious metals works.
A Metal Trading Primer For Gold and Silver
For all you young guys starting out, you may be wondering how you can get metal for as cheap as possible. I'll do the best I can to help you out here. These are some of the assumptions I'm making about you as I write this. If you don't fit these then you probably already know the information contained herein:
Part 1: Buying
The way you need to start out is the most obvious way: buying. The easiest way to get metal is to trade FRNs (Federal Reserve Notes, aka Paper Cash) for the Metal. This is also referred to as "buying" it. The cheapest way to obtain metal by this method is to, like everything else, buy it in quantity. This accomplishes two things:
This method is not wallet friendly but is about the only way that you can get started. Now, you can try buying locally, which I encourage to support small businesses, but you will most likely pay more. This will happen because of two reasons:
So, don't expect to walk into a coin shop "guns-a-blazin'" with the latest printout of today's spot price and demand it. You'll learn quite quickly that the dealer has probably run into a million people just like you and will just as soon tell you to walk out the door. Remember, this guy is sitting upon thousands, if not hundreds of thousands, of dollars worth of highly liquid assets, he doesn't need your business, he has other customers to serve.
Part 2: Trading Metal
Once you have some metal, you may want to increase that. There are a few ways to do this, but you need to understand your course of action. Smaller denominations (aka Fractionals, Fracs) like 1/2 oz, 1/4 oz, 1/10 oz, etc are considered more valuable to some because of their increased liquidity and higher price.
What does this mean? You could potentially buy 1/10 frac gold coins, and potentially trade 8 or 9 of them for a 1 oz gold coin. The reason I say 8 or 9 is that most times you have to make some type of cash offer along with your fracs to make it more fair. Few people will trade a 1 oz coin for just .8 oz in fractional. You will find more people willing to trade .9 oz worth of fracs for a 1 oz coin, but there probably won't be a line of customers so be patient. That sounds great, what's the drawback? Ahh yes, the drawback.
Similar rules apply with silver as well, but due to silver's affordability, there isn't as much advantage trading silver fracs for silver 1 ozers.
Crossing Borders
Crossing the metal borders is where you can really gain some leverage trading. In order to do this you must become very comfortable with the concept of the Gold to Silver Ratio (GSR). The GSR is just that, the price of Gold (POG) divided by the price of silver (POS). What this ratio tells you is how many ounces of Silver you can get for each ounce of Gold. Historically the GSR has been on both sides of the spectrum.
During roman times, I believe, the GSR was 1:3 meaning one ounce of Gold could get you 3 ounces of Silver. The largest gap we've seen recently was about 1:85 and currently it is 1:60 meaning that one ounce of Gold will buy you 60 ounces of Silver.
So you're asking yourself: How can I play this ratio? By Trading your Silver and Gold on http://bullionstacker.com/ (BS) you can take advantage of this ratio. How you play it will depend on where you think Silver or Gold is going. Today you can get 1 oz of Gold with 60 oz of your silver, but if you believe that Silver will out perform Gold, meaning that the POS will increase faster than the POG, then you will want to wait, because if POS does increase faster then you'll see the GSR decrease. Lets say the GSR decreases to 52, Now you can get 1 oz of Gold for only 52 oz of silver, which means you've saved 8 oz of silver!
But What if I think Gold is going to outperform silver? Then you better buy Gold now, or trade for it now. When the POG outperforms the POS then the GSR goes up. So if you can get into Gold now then you can wait for the GSR to go up. So let's say you trade your 60 oz of silver for 1 oz of Gold. Then the GSR goes up to 72. You can now trade your 1 oz of Gold for 72 oz of Silver. You've now increased your Silver holdings by 12 ounces and you really didn't have to do anything! Or you can stay in Gold and be happy that it outperformed Silver.
Conclusion:
This is just a Primer to help you learn the fundamentals. I did take liberties with my numbers and do not guarantee that anything in this Article will go as stated. In many scenarios I neglected the cost of shipping and handling, which should be considered. In nearly all instances, the person shipping the Silver will need to pay more and this should be considered in the calculations.
Using this Article: This article is the copyrighted work of Debris and is to not be republished anywhere without this notice and citation links to both http://bullionstacker.com/ and http://uselephant.blogspot.com/ . Thank you.
- ♦You probably don't have deep pockets
♦You're brand new to metal trading
♦You don't have a lot of experience doing many other types of trades
Part 1: Buying
The way you need to start out is the most obvious way: buying. The easiest way to get metal is to trade FRNs (Federal Reserve Notes, aka Paper Cash) for the Metal. This is also referred to as "buying" it. The cheapest way to obtain metal by this method is to, like everything else, buy it in quantity. This accomplishes two things:
- ♦Quantity Discounts offered by seller
♦Lower shipping and handling charges (yes, this must be included in your Dollar Cost Average (DCA))
This method is not wallet friendly but is about the only way that you can get started. Now, you can try buying locally, which I encourage to support small businesses, but you will most likely pay more. This will happen because of two reasons:
- ♦The seller doesn't know you, and you two haven't established a rapport
♦Small businesses don't have the same economies of scale as the large online sellers so they have to charge more. In addition, the store has the added overhead of rent, electricity, etc.
So, don't expect to walk into a coin shop "guns-a-blazin'" with the latest printout of today's spot price and demand it. You'll learn quite quickly that the dealer has probably run into a million people just like you and will just as soon tell you to walk out the door. Remember, this guy is sitting upon thousands, if not hundreds of thousands, of dollars worth of highly liquid assets, he doesn't need your business, he has other customers to serve.
Part 2: Trading Metal
Once you have some metal, you may want to increase that. There are a few ways to do this, but you need to understand your course of action. Smaller denominations (aka Fractionals, Fracs) like 1/2 oz, 1/4 oz, 1/10 oz, etc are considered more valuable to some because of their increased liquidity and higher price.
What does this mean? You could potentially buy 1/10 frac gold coins, and potentially trade 8 or 9 of them for a 1 oz gold coin. The reason I say 8 or 9 is that most times you have to make some type of cash offer along with your fracs to make it more fair. Few people will trade a 1 oz coin for just .8 oz in fractional. You will find more people willing to trade .9 oz worth of fracs for a 1 oz coin, but there probably won't be a line of customers so be patient. That sounds great, what's the drawback? Ahh yes, the drawback.
- ♦Fractional coins cost more per oz. You'll end up paying roughly spot + $100.00 (at the least, but more commonly +$200.00) for a fractional 1/10 gold coin. Meaning if spot is 1100 an oz, you'll probably be buying a 1/10 coin for $130.00 or $1,300 per oz.
Similar rules apply with silver as well, but due to silver's affordability, there isn't as much advantage trading silver fracs for silver 1 ozers.
Crossing Borders
Crossing the metal borders is where you can really gain some leverage trading. In order to do this you must become very comfortable with the concept of the Gold to Silver Ratio (GSR). The GSR is just that, the price of Gold (POG) divided by the price of silver (POS). What this ratio tells you is how many ounces of Silver you can get for each ounce of Gold. Historically the GSR has been on both sides of the spectrum.
During roman times, I believe, the GSR was 1:3 meaning one ounce of Gold could get you 3 ounces of Silver. The largest gap we've seen recently was about 1:85 and currently it is 1:60 meaning that one ounce of Gold will buy you 60 ounces of Silver.
So you're asking yourself: How can I play this ratio? By Trading your Silver and Gold on http://bullionstacker.com/ (BS) you can take advantage of this ratio. How you play it will depend on where you think Silver or Gold is going. Today you can get 1 oz of Gold with 60 oz of your silver, but if you believe that Silver will out perform Gold, meaning that the POS will increase faster than the POG, then you will want to wait, because if POS does increase faster then you'll see the GSR decrease. Lets say the GSR decreases to 52, Now you can get 1 oz of Gold for only 52 oz of silver, which means you've saved 8 oz of silver!
But What if I think Gold is going to outperform silver? Then you better buy Gold now, or trade for it now. When the POG outperforms the POS then the GSR goes up. So if you can get into Gold now then you can wait for the GSR to go up. So let's say you trade your 60 oz of silver for 1 oz of Gold. Then the GSR goes up to 72. You can now trade your 1 oz of Gold for 72 oz of Silver. You've now increased your Silver holdings by 12 ounces and you really didn't have to do anything! Or you can stay in Gold and be happy that it outperformed Silver.
Conclusion:
This is just a Primer to help you learn the fundamentals. I did take liberties with my numbers and do not guarantee that anything in this Article will go as stated. In many scenarios I neglected the cost of shipping and handling, which should be considered. In nearly all instances, the person shipping the Silver will need to pay more and this should be considered in the calculations.
Using this Article: This article is the copyrighted work of Debris and is to not be republished anywhere without this notice and citation links to both http://bullionstacker.com/ and http://uselephant.blogspot.com/ . Thank you.
