Blog
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Why gold? 7 fundamental reasons to own gold
- April 9, 2015
- Posted by: Orkan Ozkan
- Category: Buy Gold
1 CommentLike any other commodity, currency, or stock, gold has its ups and downs. It’s easy to get caught up in watching the day-to-day fluctuations in the spot price, trying to time the market for the perfect price. But what if we told you there are reasons to own gold that are fundamental, and hold true
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Gold has outperformed the S&P 500 this year
Gold experienced two impressive rallies recently: on Wednesday of last week it saw its biggest jump in two months, and on Monday of this week it hit a seven-week high. Perhaps even more impressive, however, is that gold has also outperformed the S&P 500 so far in 2015. As of April 6, gold has seen a 2.5%
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Gold hits 7-week high on more weak jobs data
Gold closed Monday at a seven-week high of $1,218.60/oz., a 1.5% gain, after more disappointing jobs data eased gold investors’ worries over the Fed raising interest rates. The U.S. employment data, which was released on Friday, showed far fewer jobs were produced in March than expected. In addition, the Institute for Supply Management on Monday reported its non-manufacturing index
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This Week in Gold: A boost from disappointing jobs data
- April 3, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold received a boost this week from disappointing U.S. jobs data on Wednesday, allowing it to break through its $1,200/oz. resistance level. News of lower jobless claims on Thursday pared some of Wednesday’s gains, but gold still managed to end the week above $1,200 at $1,202/oz. On the American Bullion blog we provided Part II of our exclusive
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American Gold Eagle coin sales up strongly in March
- April 2, 2015
- Posted by: Orkan Ozkan
- Category: Coins
March sales of American Gold Eagle bullion coins were more than double those of February, according to the latest figures from the U.S. Mint. A total of 46,500 oz. (118,000 coins) of American Gold Eagles were sold in March, compared to 18,500 oz. (64,500 coins) in February – a 151% increase from the previous month’s sales. March 2015 sales
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Gold makes biggest jump in two months on U.S. payrolls data
Gold made its biggest jump in two months on Wednesday, rising back above $1,200 to end the day at $1,204.10/oz. Data from the ADP Research Institute showed that U.S. companies added 189,000 workers in March, the smallest gain since January 2014. Economists surveyed by Bloomberg were expecting the number to be around 225,000. The disappointing figures fed speculation that the
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Could the world run out of mineable gold in 20 years?
- March 31, 2015
- Posted by: Orkan Ozkan
- Category: Gold
Gold’s extreme rarity is one of the major factors contributing to its high value and status as a “precious” metal. But just how rare and scarce is it at this point? According to report by Goldman Sachs on commodity scarcity, the world could run out of mineable gold in 20 years. “The combination of very low concentrations of
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American Bullion interview with Frank Holmes, Part II
- March 31, 2015
- Posted by: Orkan Ozkan
- Category: Press & Media
Last week we gave you Part I of our exclusive interview with Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, in which he discussed interest rates, gold price trends, and the Fear and Love Trades. In Part II, Holmes elaborates on these topics and adds his thoughts on the new Apple Watch Edition containing 18-karat
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This Week in Gold: Second straight weekly gain
- March 27, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold rose 1.3% percent on the week, its second straight weekly gain, as tensions in the Middle East had investors seeking a safe haven. The spot price finished the week just below the key $1,200 level at $1,199.40, after touching $1,219.46 in early trading Thursday. U.S. stocks, on the other hand, suffered their biggest weekly loss
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Gold’s relationship with the U.S. dollar is changing
The World Gold Council (WGC) believes gold is still a valuable portfolio component even in times of a strong U.S. dollar and rising interest rates. The organization released the latest issue of its Gold Investor publication on Thursday, which re-examines gold’s relationships with the dollar and interest rates. Juan Carlos Artigas, director of investment research at the
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