Gold: $1,737.30/oz.
Silver: $33.99/oz.
Platinum: $1,619/oz.
Palladium: $689/oz.
SINCE TODAY'S NEW YORK COMEX CLOSE:
Markets are closed. Precious metals will resume trading on Sunday at approximately 3:00 pm Pacific Time.
24 Hour spot price charts at right for reference ONLY.
SILVER
Currently the gold/silver ratio is approx. 51:1 which according to historical pricing makes silver a great buy.
I'm looking for a ratio of approximately 20:1-25:1 before I CONSIDER trading SOME of my silver position into gold AND/OR another under-valued asset IF I find something worth trading into.
The 'Historical' ratio is approximately 15-16:1 & some believe we will see the ratio go to 10:1 or lower.
BUY SILVER IN BAR OR COIN FORM WHILE PRODUCT IS STILL AVAILABLE AT THESE LOW PRICES.
Sell Price For 1 Ounce Silver Rounds (Coins):
Spot price + $5.29. Minimum order-100 ounces.
Sell Price For 1 Ounce Silver American Eagles:
Orders of 100-499, spot price + $6.79.
Sell Price For 1 Ounce Silver Canadian Maple Leafs:
Orders of 100-499, spot price + $6.59.
Orders of 500+ :
1 Ounce Silver American Eagles-Various Dates, spot price + $4.29.
1 Ounce Silver Canadian Maples, spot price + $3.94.
1 Ounce Silver Rounds, spot price + $2.74.
100 Ounce Silver Bars, spot price + $2.24.
There will be a $35.00 processing fee for orders under 500 ounces.
Shipping fee will be added when price quoted.
One of the best buys on silver is bags of 1964 & earlier US coinage (Sometimes referred to as 90% or 'Junk' silver):
90% Silver US Coinage can be found in 1964 & earlier Mercury(Winged Liberty), & Roosevelt Dimes, Standing Liberty & Washington Quarters, & Walking Liberty, Franklin, & Kennedy Half Dollars.
After 1964 the only circulated US Coins that contain silver are 1965-1969 Kennedy Half Dollars and these have a total silver content of 40% fine silver.
The term "Junk Silver" came about to signify that the silver coinage does not have any numismatic (Collectible) value. There is nothing "Junk" about owning silver in this form as it is one of the most cost effective ways to own silver.
Minimum order on 90% silver coinage is $500 face or 357.5 ounces. Minimum order on 1965-1969 silver halves is $1,000 face or 295 ounces.
Call Mike at (877) 385-1909 for details.
SELL PRICES FOR US SILVER COINAGE(Dimes, Quarters & Halves):
Orders of $1,000 Face (Contains approx. 715 Ounces Silver):
90% Silver Dimes/Quarters: Spot +2.94/oz.
90% Silver Halves: Spot +2.94/oz.
Orders of $500 Face (Contains approx. 357 Ounces Silver):
90% Silver Dimes/Quarters: Spot +3.79/oz.
90% Silver Halves: Spot +3.79/oz.
Orders of $1,000 Face (Contains approx. 295 Ounces Silver):
1965-1969 Silver Halves: Spot +2.71/oz.
TEN YEAR GOLD CHART:
Year-End (2000-2010), Closing Prices For Spot Gold Per Ounce:
2000: $273.60, 2001: $279, 2002: $348.20, 2003: $416.10, 2004: $438.40, 2005: $518.90
2006: $638, 2007: $838, 2008: $881, 2009: $1,096.50, 2010: $1,421.40.
In investing-FOLLOW THE TREND. For gold and other precious metals, the trend is UP.
CURRENT GOLD BULLION OFFERINGS IN STOCK:
1 Ounce Certified 24k Gold Bars:
20+, SOLD OUT, 10-19, SOLD OUT.
1 Ounce Gold South African Krugerrands:
20+ $1,826.00 ea., 10-19 $1,871.00 ea.
1 Ounce Gold American Eagles:
20+ $1,859.00, 10-19 $1,896.00 ea.
Price Basis: Gold spot @ $1,738.30/Ounce.
NOTE: Above items are IN STOCK and ready to ship. Various products are also available by order.
Minimum order on gold is 10 ounces per each item.
PRECIOUS METALS & MAJOR INDEXES PERCENTAGE (%) GAIN/LOSS FOR THE WEEK:
Performance Of Precious Metals, Major Stock Indexes, Select Currencies, & Other Commodities, 1/20/12-1/27/12:
Gold: Up $70.30/oz. @ $1,737.30/oz., +4.2%
Silver: Up $1.79/oz. @ $33.99/oz., +5.5%
Platinum: Up $88/oz. @ $1,619/oz., +5.7%
Palladium: Up $12/oz. @ $689/oz., +1.7%
DOW 30 Ind. Avg: Down 60 pts. @ 12,660, -.4%
S&P 500: Up 1 pt. @ 1,316,
NASDAQ: Up 30 pts. @ 2,816, +.1%
Crude Oil(Per Barrel): Up $1.37 @ $99.76, +1.3%
USD Index: Down 132(bps), @ 78.84, -1.6%
Euro: Up 291(bps), @ 132.27, +2.2%
PRECIOUS METALS GAINS FROM 1/1/2010 TO CURRENT:
Gold 1/1/10 close: $1,096.50/ounce-UP 58.4%
Silver 1/1/10 close: $16.85/ounce-UP 101%
Platinum 1/1/10 close: $1,467/ounce- 10.3%
Palladium 1/1/10 close: $406/ounce-UP Up 69.7%
A BALANCED PRECIOUS METALS POSITION:
I like the following mix of precious metals primarily as a WEALTH PROTECTOR and also with the potential to increase one's wealth:
Gold: 50%, Silver: 35%, Palladium: 10%, Platinum: 5%
The above allocation has produced a gain (Unrealized if the metals are still held), of approx. $72,035 (72%) with an initial purchase of $100,000. A $10,000 purchase of the above mix of metals produces a gain of $7,200.
Gain based upon 1/1/10 closing spot prices to most recent closing spot prices quoted in my 'Precious Metals Market Update' at top of page.
MINIMUM BUY FOR GOLD IS 10 OUNCES OF SAME ITEM.
MINIMUM BUY FOR SILVER IS 150 OUNCES OF SAME ITEM.
PLEASE NOTE: I do NOT buy polished, damaged, doctored, plated and/or colored products.
Buy prices subject to change with market prices.
For further information on the above items please see my link "Items In Stock And Ready To Ship".
Please call Mike at (877) 385-1909 for assistance with your precious metals purchase. Prices and availability subject to change. Please read important disclaimer posted below.
Thank you.
