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  • Gold rallies 2.4%, Venezuela makes $1B gold swap

    • April 27, 2015
    • Category: News

    COMEX gold rose 2.4% on Monday to $1,203.20/oz., its biggest gain in over three months. What is believed to be one of the drivers of the rally is rather intriguing. In a deal with Citibank, the central bank of Venezuela has swapped a portion of its gold reserves for over $1 billion in cash, Reuters reported

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  • This Week in Gold: China, Russia, Greece, and more

    Gold grappled with geopolitical tensions and mixed economic data this week, ending the week at the attractive price of $1,181.40/oz. The escalating conflict in Yemen, Greece’s continued debt troubles, and weaker-than-expected U.S. housing and employment data lent support to the gold price. The weak data suggested the Federal Reserve may need to wait on raising interest rates. New information regarding Russia’s

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  • Russia’s gold appetite returns, China steps up its gold game

    • April 22, 2015
    • Category: News

    China and Russia, two of the world’s top gold-holding countries, are buying even more gold. China in particular is stepping up its gold game. As of March 2015, China has the sixth largest gold reserves in the world at 1,054.1 tonnes. Russia ranks fifth with 1,207.7 tonnes. See the full top 10 in our infographic: Which Countries Hold the

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  • A “Grexit” could send gold to $1,400

    • April 21, 2015
    • Category: Gold

    Gold’s status as a safe-haven asset showed on Tuesday morning as tensions built in Yemen and fears of a Greek exit from the European Union loomed. Gold rose by $6.20 to $1,203.00/oz. (0.52%) as of this writing. Yemen conflict escalates A U.S. aircraft carrier joined a fleet of American ships on the Yemeni coast Monday to monitor Iranian ships

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  • 3 issues gold investors are watching closely

    Inflation. Interest rates. War. The dollar. Stock market risk. These are just a few economic and geopolitical indicators that influence the price of gold. At a given time, certain indicators may receive more attention than others depending on how current events unfold. Currently there are three large issues that gold investors, and investors in general, are watching particularly

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  • This Week in Gold: East vs. West, new infographic, and more

    Gold has been described as being in a “continuous seesaw” around $1,200/oz. as of late, and this week was no different. Economic cues were mixed: the U.S. dollar was up and down, industrial output and retail sales missed expectations, and concerns rose about Greece exiting the euro. On the blog we discussed the latest gold price forecast

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  • Infographic: Which Countries Hold the Most Gold?

    • April 16, 2015
    • Category: Gold

    Ever wonder which countries have the most gold in their central bank reserves? Find out the top 10 in our infographic. Gold ownership isn’t limited to central banks. Call American Bullion today at 1-800-326-9598 or request your Free Gold Guide to learn how easy it is to own gold.

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  • Gold across the globe: East vs. West, Love vs. Fear

    • April 15, 2015
    • Category: Gold

    How do the Eastern and Western worlds compare when it comes to gold supply and demand? Before delving into the numbers, it’s important to understand the attitudes towards gold ownership in each region. The Fear Trade and the Love Trade John Lennon once said “There are two basic motivating forces: fear and love.” When it comes

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  • BofA Merrill Lynch: Gold “could rise to $1,500/oz by 2017”

    • April 14, 2015
    • Category: News

    “The Wall Street Bull” by herval via Flickr, used under a Creative Commons license Bank of America Merrill Lynch (BofAML) analysts believe the worst may be over for gold. According to a recent report, they see gold reaching $1,500/oz. by 2017. At the same time, a global BofAML survey revealed concerns of overvaluation in the equity and bond markets. A press

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  • This Week in Gold: Inherent reasons to own gold

    Gold finished Friday at $1,208.30/oz. after bouncing around a bit throughout the week. Minutes from the Federal Reserve’s most recent meeting released on Wednesday showed Fed members were divided on whether to raise interest rates in June. Gold fell below $1,200/oz. in response but rebounded later in the week. On the blog we covered gold’s

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