This week we are accepting pre-orders for the 2013 1oz .999 Silver Eagles at today’s low prices. For more information on purchasing the First Strike 2013 Silver Eagles in quantities of 100 or more including the popular sealed boxes of 500 pieces (First Strike Green Monsters) see below.  Our Weekly Market Report keeps you current on the latest events happening in the exciting precious metal and rare coin markets. We always welcome your comments.

GOLD

For the fourth week in a row Gold ended lower, closing at $1,658 per ounce last Friday, down $37 per ounce for the week. Gold is now down $52.60 since the beginning of the month.  During the past week Gold did hit $1,636 per ounce, an important support level, before substantial buying appeared. I expect to see Gold trade in the $1,636 to $1,674 per ounce price range this week on low volume, while we see quick holiday commodity trading around the globe. 

Much of the recent selling has come from the world’s precious metal commodity markets, which have lost faith in our political system and have over-reacted to the Fiscal Cliff negotiations and shenanigans. Most political experts believe that some type of last minute agreement or extension will be reached by the Dec. 31, 2012 deadline. Therefore, these very attractive precious metal prices are truly the opportunity of a lifetime. The primary supply-demand and monetary fundamentals for Gold have never looked better and central banks around the world are aggressively buying.

CENTRAL BANKS CONTINUE TO BUY GOLD IN NOVEMBER

For the third month in a row Brazil boosted its Gold reserves, adding 14.8 metric tons (475,820 troy ounces) in November. This doubles Brazil’s central bank Gold holdings since August, bringing their Gold reserves to 67.2 metric tons. Russia, Belarus, Iraq, and South Korea have also added Gold in October and November to diversify their assets.

PRINTING OF $100 BILLS SOARS

In 2012 the U.S. Bureau of Engraving and Printing cranked out 3 billion brand new $100 notes. That’s a record amount of production; 50% higher than the 2 billion $100 bills printed in 2011. For more information on why the U.S. has gone into overdrive on $100 bill production, read the following article. http://www.mintstategold.com/investor-education/100_dollar_bill_printing_soars/  

SILVER 

Silver closed last Friday at $30.10 per ounce, down an extraordinary $2.10 per ounce. This is the fourth week in a row that Silver has closed lower, testing its $30 per ounce support level last Thursday and Friday. I believe that once Congress comes to an agreement for a workable solution to the Fiscal Cliff crisis, the price of Silver will rally quickly and substantially.

PRE-ORDER 2013 1oz American Silver Eagles at Today’s Low Price

You can PRE-ORDER the 2013 U.S. 1 ounce .999 fine Silver Eagles in quantities of 100 or more at today’s price. These will be the popular First Strike eagles in original tubes of 20, or sealed boxes of 500 (First Strike Green Monsters). We expect to be able to ship these Silver Eagles between January 20 and January 30, 2013. Delivery dates will be based on the U.S. Mint and their exact shipment dates are not guaranteed. 50% of payment via check or bank wire is due when the order is placed, with the balance of 50% due when the coins are received from the U.S. Mint and ready for delivery to you. To place your order visit http://www.mintstategold.com/silver/bullion-coins-and-bars/silver-american-eagles/us-silver-1oz-american-eagle-2013-bu-presale.html

PLATINUM & PALLADIUM

In the face of the lower prices for Gold and Silver during the past four weeks, Platinum and Palladium finally sold off last week. Last Friday Platinum closed at $1,536, while Palladium closed at $682 per ounce. Platinum is now at a $123.20 per ounce discount to the price of Gold.

Recommended investment commitment and diversification:

Precious Metal commitment: Minimum of 35% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products

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If you want to be updated on what is happening in the Gold, Silver, and Rare Coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.