Precious Metals: Gold, Silver, Platinum and Palladium

precious metals

Precious Metals: Gold, Silver, Platinum, and Palladium.

I am not a big buyer of precious metals. So holding quantities of metals is not my top priority. In other words, I’m not running out to buy the glittery stuff today.

Fidelitrade is my go-to company when I do buy precious metals. There are only about 11 direct Mint Buyers in the world and Fidelitrade is one of them along with APMEX out of Oklahoma (they sell mostly retail),

APMEX has now added wholesale to their list which is always good if you decide to buy a monster box of 500 silver eagles which I have done in the past.

You can also keep your metal secured in Fideitrades onsite vaults and the same with APMEX.

So as the Federal Reserve continues to print money, see my blog on Money, then people become afraid and buy metal as a hedge against inflation. Metals wholesalers are running short of inventory as the US Mint and other mints around the world work overtime to keep up with production/demand. This of course drives the prices up. Therefore I am in my silver eagles at $17 and change with a price over $25 today, but I bought these eagles several years ago, so not a great return. Maybe Gold has faired better.

Money Laundering

Precious metals and Crypto Currency are used as the instruments of choice for money laundering by drug cartels and whoever out there needing to launder. Precious metals transactions are not reported to the IRS, so no one is keeping track of metals buying.

Current Price rates as of 12/11/2020

The following is the Fidelitrades rate sheet they send me daily as I am a precious metals dealer registered with them several years ago.

If you’re going to buy direct try either APMEX or Fidelitrade as they are easy to do business with and ship right away.

The other alternative is to buy direct from the US MINT but you’ll not get as good a deal since they sell primarily retail.

Both sites provide good FREE learning centers too.

https://www.apmex.com/

https://www.fidelitrade.com/

GOLD, SILVER, PLATINUM & PALLADIUM

Trade Desk: T: (302) 762-2500
F: (302) 762-2162
www.fidelitrade.com
Bullion Rate Indications — Broker
(Pricing and Availability subject to change)
Closing Prices
for
12/11/2020
3601 North Market Street
Wilmington, DE 19802
Futures Contract Price Change Silver Bullion Bid Offer
GOLD 02/2021 $1,843.60 $9.80
SILVER 03/2021 $24.09 $0.05
Silver American Eagle Coin – 1 oz. $25.78 $27.39
PLATINUM 01/2021 $1,021.80 ($3.90)
Silver Canadian Maple Leaf – 1 oz. $25.82 $27.50
PALLADIUM 03/2021 $2,333.10 $3.60
Silver Bullion Round – 1 oz. $24.37 $25.82

Gold Bullion

Bid Offer
Silver Bullion Bar ISO Accredited-10 oz. $244.16 $260.34
Spot $1,840.00
Silver Bullion Bar ISO Accredited-100 oz. $2,397.60 $2,545.60
Gold Bulk Generic Bullion $1,834.59 $1,845.00
Silver Bullion Bar – 1000 oz.* $23.94 $24.36
Gold American Eagle – 1 oz. $1,875.27 $1,910.85
U.S. 40% Silver Coinage (1965-1969) 295 oz. $6,832.79 $7,173.04
Gold American Eagle – 1/2 oz. $930.59 $971.92
U.S. 90% Silver Coinage (Pre 1965) 715 oz. $16,932.63 $17,683.38
Gold American Eagle – 1/4 oz. $476.10 $500.52
Platinum Bullion Bid Offer
Gold American Eagle – 1/10 oz. $196.53 $205.81
Spot $1,019.80
Gold Canadian Maple Leaf – 1 oz. $1,856.54 $1,892.48
Platinum Bulk Generic Bullion $1,004.90 $1,025.10
Gold American Buffalo  Р1 oz. $1,873.43 $1,910.79
Platinum American Eagle – 1 oz. $1,077.96 $1,184.73

Gold Canadian Maple Leaf – 1/2 oz.

$927.59 $978.83
Platinum American Eagle – 1/2 oz. $528.03 $609.36
Gold Canadian Maple Leaf – 1/4 oz. $463.47 $495.69
Platinum American Eagle – 1/4 oz. $266.70 $309.49
Gold Canadian Maple Leaf – 1/10 oz. $187.50 $205.81
Platinum American Eagle – 1/10 oz. $108.26 $125.72
Gold South African Krugerrand – 1 oz. $1,846.54 $1,872.68
Platinum Canadian Maple Leaf – 1 oz. $1,043.31 $1,158.88

Gold South African Krugerrand – 1/2 oz.

$918.41 $974.23
Platinum Canadian Maple Leaf – 1/2 oz. $515.22 $578.99
Gold Australian Kangaroo – 1 oz. $1,855.12 $1,902.50
Platinum Canadian Maple Leaf – 1/4 oz. $259.04 $294.28
Gold Australian Kangaroo – 1/2 oz. $919.81 $974.11
Platinum Canadian Maple Leaf – 1/10 oz. $104.21 $119.59
Gold South African Krugerrand – 1/4 oz. $459.25 $496.27
Platinum Australian Koala – 1 oz. $1,042.29 $1,160.62
Gold South African Krugerrand – 1/10 oz. $184.01 $203.60
Platinum Australian Koala – 1/2 oz. $517.75 $576.43
Gold Australian Kangaroo – 1/4 oz. $459.97 $496.15
Platinum Australian Koala – 1/4 oz. $260.31 $290.44
Gold Australian Kangaroo – 1/10 oz. $184.03 $203.57
Platinum Australian Koala – 1/10 oz. $104.71 $117.54

Gold Austrian Philharmonic – 1 oz.

$1,853.29 $1,894.20
Platinum Isle of Man Noble – 1 oz. $1,030.13 $1,138.13
Gold Austrian Philharmonic – 1/2 oz. $925.78 $977.79
Platinum Bullion Bar (.9995+) – 1 oz. $1,025.20 $1,073.30
Gold Austrian Philharmonic – 1/4 oz. $463.41 $497.99
Platinum Bullion Bar (.9995+) – 10 oz. $10,138.00 $10,589.00
Gold Austrian Philharmonic – 1/10 oz. $185.95 $202.83
Platinum Bullion Bars (.9995+) – 50 oz.* $1,007.40 $1,036.40
Gold Mexican Fifty Peso – 1.2 oz. $2,203.05 $2,243.57
Gold Austrian Corona – .9802 oz. $1,790.33 $1,821.97
Palladium Bullion Bid Offer

Gold Chinese Panda – 1 oz.

$1,850.10 $1,904.30
Spot $2,327.10
Gold Bullion Bar (.9999) – 1 kg. $58,820.58 $59,496.71
Palladium Bulk Generic Bullion $2,299.00 $2,351.90
Gold Bullion Bar (.995) – 100 oz.* $1,829.45 $1,846.16
Palladium Canadian Maple Leaf – 1 oz. $2,288.00 $2,393.90
Gold Bullion Bar (.9999) – 1 oz. $1,847.36 $1,877.78
Palladium Bullion Bars (.9995+) – 1 oz. $2,287.00 $2,392.90
Gold Bullion Bar (.9999) – 10 oz. $18,420.10 $18,695.40
Palladium Bullion Bars (.9995+) – 10 oz. $22,841.00 $23,914.00
Gold Bullion Bar (.995+) – 400 oz.* $1,823.39 $1,844.78
Palladium Bullion Bars (.9995+) – 100 oz.* $2,289.85 $2,353.60
*Non-Fungible – Product weight varies. Price displayed as per ounce.

Gold Bug

I am not a big gold bug. So people just go nuts on owning precious metals and that’s not me. So please do not be confused with this blog to think I’m pushing metals on you. Nothing could be further from the truth. In fact, I see metals as being a very small part of my total portfolio. Maybe less than 3%.

The purpose of this post is to give you some names and numbers and tell you a few advantages to getting the stuff. In other words, I am not rendering anyone except I have done business with some and Fidleitrade appears to be a solid wholesaler and they make it easy to buy products.

So if your not in the market for some quantity of a product then it may not be for you. There’s a number of small retailers you can buy from or use APMEX for a huge selection. These companies have been around for many years and they are committed to continuing in the business from what I can see.

Conclusion

If you’re going to buy metal, start with some small orders and build it from there. Put your metal in a safety deposit box and forget about it.

Mike Addis, Carlsbad, California

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