Latest news with #APMEX
Yahoo
30-05-2025
- Business
- Yahoo
APMEX raises $54,000 to Fight Hunger in Oklahoma
OKLAHOMA CITY, May 29, 2025 /PRNewswire/ -- APMEX, a leading national precious metals retailer, proudly supported the Regional Food Bank's mission of ending hunger through its annual Fun Week celebration, held May 5–9. The week brought together employees for spirited activities that combined fun with philanthropy, driving meaningful support for the local community. Throughout the week, APMEX hosted engaging in-office events to raise funds and awareness, including raffles, food sales, a basketball shootout, dunk tank, video game competitions, a cornhole tournament, and more. These events encouraged team camaraderie and a shared commitment to giving back. Thanks to the generosity and enthusiasm of its team, APMEX raised $54,000 to benefit the Regional Food Bank of Oklahoma. The week of giving culminated in hands-on volunteerism as numerous APMEX employees participated in the Stamp Out Hunger food drive on Saturday, May 10. This annual event, organized by the National Association of Letter Carriers, is the largest single-day food drive in the country. APMEX team members volunteered at local post offices, helping to sort and process food donations. In total, APMEX volunteers helped sort approximately 39,960 pounds of food, providing an estimated 33,300 meals to Oklahoma families facing food insecurity. "Every year, I'm inspired by the passion our team brings to Fun Week—not just in having fun, but in showing up for our community. Raising $54,000 and helping provide over 33,000 meals is a testament to what we can achieve together." said Ken Lewis, CEO of APMEX. APMEX is honored to continue supporting the Regional Food Bank of Oklahoma and encourages other local businesses to join the effort to fight hunger year-round. About APMEX APMEX LLC, part of Bullion International Group, is one of the nation's largest online retailers of precious metals. It offers a wide selection of gold, silver, platinum, and palladium products to customers worldwide. Headquartered in Oklahoma City, APMEX is committed to excellence in business and community engagement. View original content to download multimedia: SOURCE Bullion International Group
CBS News
28-04-2025
- Business
- CBS News
Will gold hit $4,000 per ounce in 2025? Experts weigh in
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The price of gold could be heading toward the $4,000 per ounce milestone. Getty Images It seems like the price of gold just keeps hitting record after record. In March, gold prices surpassed the $3,000-per-ounce mark for the first time ever. Now, they're sitting around $3,300 per ounce — and climbing. The reasons are many, but economic uncertainty, geopolitical instability, and unpredictable market performance are all part of it, driving consumers to safe-haven assets that protect their wealth. And gold? It's the No. 1 safe haven in many investors' eyes. The surge in the price has been supported by a number of factors, says Brett Elliott, director of content at precious metals marketplace APMEX, including "bank failures, rate cuts from the Federal Reserve, and now the current trade war and tariff announcements." And while there is likely a ceiling for gold prices at some point in the future, many experts are predicting further growth in the near term. But just how high could they climb? Could gold prices reach the $4,000 price point? We asked some experts for their predictions. Start protecting your portfolio against market uncertainty with gold now. Will gold hit $4,000 per ounce in 2025? Will the price of gold hit or potentially surpass $4,000 per ounce this year? Here's what to expect, according to the experts we spoke to: Gold prices will likely keep rising Experts don't really see gold prices dropping anytime soon, at least unless some sort of economic stability is achieved, giving consumers more confidence in investing their money elsewhere. "Investors are reacting to the flood of contradictory signals coming out of the White House on tariffs, debt, and global trade," says Ben Nadelstein, head of content at Monetary Metals. "That uncertainty is shaking confidence in stocks and bonds and sending capital into gold since it's an asset that doesn't rely on political stability." In short, he says, "there's a growing appetite for stable, yield-generating, non-sovereign assets." One major concern is proposed international tariffs, and though those have been paused temporarily, they'll likely remain a big influencer in gold prices until some more clarity on their impact emerges. "Tariff uncertainty will remain until the 90-day pause ends in July at the very least, and that uncertainty is helping fuel gold prices," Elliott says. "We're very close now to breaching $3,500 for the first time, and with two very recent moves of 3% in a single day, confidence is increasing that we will see gold break another record in the near future." Explore your top gold investing options here. Hitting the $4,000 mark may be hard It's certainly possible that gold prices hit $4,000 per ounce at some point, though it might take something big to make it happen — like the Federal Reserve dropping interest rates to zero, as it did during the Covid era. This might occur if inflation rises or a recession hits, and the Fed needs to stimulate consumer spending. "Gold prices can absolutely reach $4,000 per ounce if economic uncertainty and large market sell-offs continue," Nadelstein says. "Interest rates falling back towards zero could also propel gold prices past the $4,000 per ounce mark as investors move out of dollars and into something that can still deliver a real yield." Still, it'd be a big jump to make, Elliot says. "We would need to rally an additional 17% from today's already historic price," Elliott says. "That's no small feat, and at some point, the current rally will need to end. Gold never goes up in a straight line, so we need to expect some pullbacks along the way." And while some might point to the steep jump in gold prices seen in April 2025 as an indicator that the $4,000 mark is in sight, it's important to remember what drove that increase — namely, a big dip in the stock market. That dip pushed a large swath of people toward gold — consumers and market participants who aren't usually on the market for the precious metal under normal circumstances. "As gold prices soared to all-time record highs recently, there was buying from a plethora of different participants," says James Cordier, CEO and head trader at Alternative Options. "The glaring difference in this most recent rally in prices was the breadth of the market." The bottom line Whether or not gold prices reach $4,000 this year, it still might be the right time to buy in. For one, experts aren't predicting drops anytime soon, so it could be a smart way to invest your money and, more importantly protect yourself against potentially rising inflation. It can also be a diversifier, bringing some much-needed stability to your portfolio in an unpredictable time. Whatever you do, just go in with a long-term mindset, experts say, and gold could be the right move for your money. "Gold will never drop to zero dollars, but it might not give you the returns you were hoping for right away either," Elliott says. "Go in with a plan and a goal and be prepared to hold for a long time."
Yahoo
26-04-2025
- Business
- Yahoo
Robert Kiyosaki Calls ETFs ‘Fake' and Avoids Investing in Them — Should You?
Investing has historically been one of the best ways to grow your money over time. In fact, the S&P 500 has returned more than 10% per year on average, which has been proven over the past several decades. I'm a Self-Made Millionaire: Trending Now: While investing in the stock market still comes with risk, risk can also mean reward. However, not all investments are created equal, according to financial expert and 'Rich Dad Poor Dad' author Robert Kiyosaki. While the S&P 500 has a strong record of long-term growth, he has said to always steer clear of ETFs. Here's why: Kiyosaki believes ETFs are artificial and 'fake,' which he said makes them less valuable than other types of investments. 'In my opinion, ETFs are as fake as the US dollar and US bonds,' highlighted Kiyosaki in a post on X. Benzinga reported that, in Kiyosaki's view, ETFs sort of mask true market value. They're simply a byproduct of the financial system that really just benefits Wall Street rather than individual investors. Instead of giving up control over your investment, Kioyosaki's answer is to focus on three 'real' assets: gold, silver and Bitcoin (BTC). Robert Kiyosaki: Instead of ETFs, Kiyosaki considers real gold, silver and BTC as 'real' assets that offer genuine value. 'Do what is best for you…. Yet I would never buy gold, silver, or Bitcoin ETFs,' said Kiyosaki on X. 'In my opinion, ETFs are as fake as the US dollar and US bonds.' Based on the current physical gold, silver and BTC prices, his point makes a lot of sense. As per APMEX, the price of gold has recently reached an all-time high. The current price per one troy ounce of gold as of April 9, 2025 was around $3,064.30 USD. This figure represents about a 16% increase from just three months prior, and a significant 36% increase from one year prior. At the same time, APMEX indicated the price per one troy ounce of silver as of April 9, 2025, was around $30.43 USD. This figure represents about a 4.4% increase from just three months prior, and a hefty 21% increase from one year prior. Meanwhile, Coindesk indicated BTC wass valued at around $76,807 USD per coin as of April 9, 2025. Its current price represents a whopping 768% increase over the past five years alone. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on Robert Kiyosaki Calls ETFs 'Fake' and Avoids Investing in Them — Should You? Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
Robert Kiyosaki Calls ETFs ‘Fake' and Avoids Investing in Them — Should You?
Investing has historically been one of the best ways to grow your money over time. In fact, the S&P 500 has returned more than 10% per year on average, which has been proven over the past several decades. I'm a Self-Made Millionaire: Trending Now: While investing in the stock market still comes with risk, risk can also mean reward. However, not all investments are created equal, according to financial expert and 'Rich Dad Poor Dad' author Robert Kiyosaki. While the S&P 500 has a strong record of long-term growth, he has said to always steer clear of ETFs. Here's why: Kiyosaki believes ETFs are artificial and 'fake,' which he said makes them less valuable than other types of investments. 'In my opinion, ETFs are as fake as the US dollar and US bonds,' highlighted Kiyosaki in a post on X. Benzinga reported that, in Kiyosaki's view, ETFs sort of mask true market value. They're simply a byproduct of the financial system that really just benefits Wall Street rather than individual investors. Instead of giving up control over your investment, Kioyosaki's answer is to focus on three 'real' assets: gold, silver and Bitcoin (BTC). Robert Kiyosaki: Instead of ETFs, Kiyosaki considers real gold, silver and BTC as 'real' assets that offer genuine value. 'Do what is best for you…. Yet I would never buy gold, silver, or Bitcoin ETFs,' said Kiyosaki on X. 'In my opinion, ETFs are as fake as the US dollar and US bonds.' Based on the current physical gold, silver and BTC prices, his point makes a lot of sense. As per APMEX, the price of gold has recently reached an all-time high. The current price per one troy ounce of gold as of April 9, 2025 was around $3,064.30 USD. This figure represents about a 16% increase from just three months prior, and a significant 36% increase from one year prior. At the same time, APMEX indicated the price per one troy ounce of silver as of April 9, 2025, was around $30.43 USD. This figure represents about a 4.4% increase from just three months prior, and a hefty 21% increase from one year prior. Meanwhile, Coindesk indicated BTC wass valued at around $76,807 USD per coin as of April 9, 2025. Its current price represents a whopping 768% increase over the past five years alone. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on Robert Kiyosaki Calls ETFs 'Fake' and Avoids Investing in Them — Should You? Sign in to access your portfolio
CBS News
27-03-2025
- Business
- CBS News
What to know before investing in gold in 2025, according to experts
Gold has had quite the run-up in recent years. In fact, if you had invested in gold at the start of 2023, your investment would have grown by about 68% by March 2025. The surge in gold prices comes down to many factors, but high inflation and geopolitical tensions are chief among them. These uncertain economic influencers push investors toward safer, less volatile assets — among which gold is typically king. But gold isn't the same as other assets you might invest in. And while it can certainly be a good addition to your portfolio , it's important to be educated about the process before jumping in. Learn how to add gold to your investment portfolio today . Are you thinking of buying gold for your portfolio in 2025? Here's what experts say to know before you do: Gold prices have been rising for some time now, and the precious metal has hit record highs several times. But that growth isn't over yet, at least according to most projections. "Gold is currently trading at an all-time high, and analysts are forecasting gold to go higher," says Brett Elliott, director of content at precious metals marketplace APMEX. "Some revised forecasts suggest gold could run up another 14% this year from current levels. This is unusual and incredible. Gold normally averages about 8% per year." So if you're looking to buy in, the sooner you can act, the better — especially if you want to take advantage of those forecasted increases . Just take note: While you may be able to turn a profit on a short-term gold investment , this is one asset that's best for long-term financial goals. "Are you thinking inflation is going to be a longer-term issue for major economies?" says Steven Conners, president of Conners Wealth Management. "Are you concerned about fiat currency, which is essentially paper money? What is your asset allocation versus other assets in your portfolio? Does it represent a reasonable percentage of your overall asset allocation?" Get started with gold investing now, before prices climb again . If you're looking to buy physical gold , do your research first. There are all kinds of ways to buy in — coins, bars, jewelry, etc. And not all of them will suit every goal. "We carry over 30,000 products at APMEX and some of them are meant to be investments, some are meant to be collected, and some are art," Elliott says. "You want to match the right product to your purpose." Elliott advises new investors to "Focus on products that are well known and highly liquid, like American Gold Eagles or gold bars from MKS PAMP — something that's easy to sell when you're ready and carries a reasonable premium with low counterfeit risk." Keep in mind that you can invest in gold in other ways, too,, including gold individual retirement accounts (IRAs) , gold stocks or gold exchange-traded funds (ETFs) , to name a few. And just as you should compare your gold options, you should also compare gold dealers . "The most important decision you'll make is where to buy from," Elliott says. "Choose a reputable dealer, preferably one that has been in business for some time with good reviews and will also buy back from you when you're ready to sell." Be sure to compare at least a few different dealers. These can be online marketplaces, in-person precious metal exchanges or even pawn shops. Whatever they are, just make sure you do your research before purchasing from them. "You don't need to buy from the first dealer, website, or ETF you come across since other vendors might offer the same product with lower fees or premiums," says Ben Nadelstein, head of content at Monetary Metals. "Gold is fungible, meaning that one ounce of pure gold is chemically identical to any other ounce. If your main goal is to gain exposure to the price of gold, buyers can focus on buying bullion products with the lowest premiums available." Gold is typically a good investment if you're looking for a way to safeguard your wealth, protect against inflation and diversify your portfolio . But you might also consider investing in other precious metals, too. "Keep in mind that gold is currently at all-time highs, meaning we are in uncharted territory," Elliott says. "No one knows where the top is or when a reversal might come. Some investors are shifting towards silver right now because of that. It's about 40% to 45% below its current all-time high, meaning there's a lot of room for it to rise before it hits a theoretical ceiling." If you're not sure what the best precious metal investment is for your portfolio — or how to go about it, get in touch with a financial advisor. They can help you make the right decisions for your goals.
