Blog
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Gold IRA vs. Direct Delivery: Your Ultimate Guide
- May 26, 2015
- Posted by: Orkan Ozkan
- Category: Gold IRA
No CommentsFor centuries, people have used gold as an integral part of their investment portfolio. To invest in and own physical gold or physical gold IRA, there are generally two methods that are utilized: direct delivery or a gold IRA. Each method has a unique process associated with it and different advantages and disadvantages. To help
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Think you can trust your money with the banks? Think again.
- May 20, 2015
- Posted by: Orkan Ozkan
- Category: News
A press release from the U.S. Department of Justice revealed Wednesday that major banks Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc, and UBS AG have agreed to plead guilty to felony charges. Conspiracy and Manipulation Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc agreed
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BofA strategists warn about stocks, recommend adding gold
- May 19, 2015
- Posted by: Orkan Ozkan
- Category: News
Bank of America Merrill Lynch (BAML) strategists have joined the ranks of finance professionals sounding the alarm on the stock market. In a research note sent to clients Monday morning, the BAML strategists led by Michael Hartnett issued the following warning: “Investors remain trapped in ‘The Twilight Zone’, the transition period between the end of QE and the
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Infographic: Which Countries Consume the Most Gold?
We’ve shown you which countries have the largest gold reserves and which countries produce the most gold. Now let’s find out which countries consume the most gold, meaning which countries have the highest consumer demand for gold. Consumer gold demand is made up of jewelry and investment demand (physical coins and bars). See our infographic
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Gold jumps 2.2% to 5-week high on disappointing retail sales
- May 13, 2015
- Posted by: Orkan Ozkan
- Category: News
“Bad news is good news for gold”, as the saying goes, and Wednesday was no exception. New numbers from the Commerce Department showed disappointing April retail sales, boosting expectations that the Fed will wait to raise interest rates. In response, COMEX gold jumped by $25.80 (2.2%) to close at a five-week high of $1,218.20/oz. Silver also
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7 Common Misconceptions About Gold
Gold is perhaps one of the most misunderstood physical assets out there. Below are seven common misconceptions we gathered about gold. 1. The United States Dollar is backed by gold. The U.S. dollar was backed by gold for some time, but is not anymore. After President William McKinley signed the Gold Standard Act in 1900, the U.S. went
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Infographic: Which Countries Produce the Most Gold?
Gold mining is a truly global industry that employs millions of people and contributes significantly to many economies. For instance, gold mining makes up 22% of Mali’s GDP and 14% of Peru’s government revenue. The oldest gold mine ever discovered, located near Georgia’s capital of Tblisi, is estimated to be approximately 4,000 years old. The deepest gold mine
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15 Precious Metals Terms All Gold Buyers Should Know
- May 5, 2015
- Posted by: Orkan Ozkan
- Category: Buy Gold
When entering the world of precious metals, it’s important to know the meanings of key terms you may hear often. Below are 15 of those terms and their definitions. For the sake of simplicity, “gold” in any of the definitions below can be replaced with silver, platinum, or palladium. 1. Ingot A mass of metal formed into
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This Week in Gold: Sideways trading continues
- May 1, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold kicked off the week with a two-day rally, making its biggest one-day gain in three months on Monday and hitting a three-week high of $1,214.91/oz. on Tuesday, but fell sharply after Wednesday’s conclusion of the Federal Reserve’s monetary policy meeting. It finished the week at the discounted price of $1,178.90/oz. Despite recent weakness in housing, employment, manufacturing, consumer
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Karat vs. Carat: What’s the Difference?
- April 30, 2015
- Posted by: Orkan Ozkan
- Category: Gold
Ever wondered what the difference is between karat and carat? The terms are often used interchangeably, but technically they are two different measures of two different things. When it comes to precious metals and gems, two terms that are often used are Karat and Carat. These two terms are often confused with each other, but they
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