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  • Gold and Silver Make Sudden Rebound

    • May 14, 2014
    • Category: News

    Yesterday, May 13th, the gold spot price closed at $1294.80, while the silver spot price closed at $19.47. Today, gold and silver have made a sudden rebound after taking a hit earlier in the morning. But why the sudden change in such a short period of time? The Situation in Ukraine Gets Violent Ukraine has

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  • 5 Interesting Facts about Gold Smuggling

    • May 12, 2014
    • Category: Gold

    Smuggling of items usually occurs in attempt to bypass import and export laws and taxes. In India, the world’s largest consumer of gold, this is certainly the case. India loves its gold and often hoards it as a store of wealth. In June of 2013, a higher duty (tax) on gold jewelry was introduced. Over

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  • This Week in Gold: $1300 Resistance, SEP vs. 401(k), Celeb Investments

    This week in gold, we saw the gold price break the $1300 resistance level over Ukraine concerns and U.S. economic activity, learned the benefits of and differences between a SEP IRA and a 401(k), and had some fun with hypothetical celebrity investments in gold. Gold breaks $1300…for a little bit On Monday, gold reached a

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  • What If These 9 Celebrities Had Purchased Gold?

    • May 9, 2014
    • Category: Gold

    Let’s have some fun. Imagine that the following celebrities bought $10,000 worth of gold the year they were born. If they had kept the gold until today, 20, 60, even 116 years later, what would it be worth in U.S. dollars now?* How much more money would Oprah, Justin Bieber, and Bob Barker have? The

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  • SEP IRA vs. 401(k)

    • May 7, 2014
    • Category: 401K

    Out of the available types of retirement accounts, two get asked about frequently by customers: SEP (Simplified Employee Pension) IRAs and 401(k)s. A SEP IRA is considered an alternative to the 401(k) plan. Below we outline the differences between the two and how to convert/roll over each into a gold retirement account. What is a

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  • Gold Breaks $1300 on Ukraine Concerns

    • May 5, 2014
    • Category: News

    Today gold broke the $1300/oz resistance level it has been hovering around all year. New developments in the Ukraine conflict sparked safe-haven buying of gold. A street battle occurred in southern Ukraine between supporters and opponents of Russia and at least 42 people were killed. Some of the victims died inside of a burning building.

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  • This Week in Gold: Mine Strikes, Polls, Inflation, Money Printing

    This week in gold we got an update on the South Africa platinum mine strikes, discovered what the top financial concerns of everyday Americans are, received advice from a top economist, and learned what actually happens when money is “printed”. The South Africa mining strike saga continues On Monday, we reported that the major platinum

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  • What Actually Happens When a Government “Prints Money”?

    • May 1, 2014
    • Category: Government

    In economic discussion, you may often hear that a government is “printing money” and then picture sheets of hundred dollar bills coming off a printing press. However, most often this is not what actually takes place when a government adds to the monetary supply. Money creation in modern economies usually involves creating money that is not physical. Central

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  • Chief Economist and Strategist Recommends Gold as Inflation Hedge

    • April 30, 2014
    • Category: News

    Dave Rosenberg, chief economist and strategist at Gluskin Sheff and Associates – one of Canada’s most renowned wealth management firms – thinks you should have gold in your investment portfolio, and here’s why. Rosenberg, speaking with Kitco News, believes inflation will rise in the near future due to worldwide central banks such as the Federal Reserve

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  • What Is the Top Financial Concern of Everyday Americans?

    • April 29, 2014
    • Category: Retirement

    What are the top financial concerns of everyday Americans? A recent poll by Gallup answers this question and may be surprising to some. In Gallup’s annual Economy and Personal Finance poll conducted April 3-6 of this year, participants were asked how concerned they were about nine different financial matters on a scale of “very worried,”

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