Blog
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Americans Saving for Retirement at Record High Levels
- July 24, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsData released by Fidelity Investments on Wednesday showed a surprising new fact: investors holding an individual retirement account at Fidelity contributed an average of $4,150 in 2013, a record high level up 5.7% from 2012. The average account balance among the 7 million IRAs held at Fidelity also rose by 10%. Perhaps most surprisingly, contributions
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Consumer Price Index Rose in June, Inflation Creeping Up
- July 23, 2014
- Posted by: Orkan Ozkan
- Category: News
According to data released by the U.S. Bureau of Labor Statistics on Tuesday, if you’ve noticed you’re spending more on everyday necessities such as food, shelter, clothing, and gas, you are correct. The Consumer Price Index (CPI), which measures the costs of consumer goods and services purchased by households and is arguably the best measure of inflation, increased
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Bank of America Merrill Lynch Says the Worst for Gold May be Over
- July 22, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold may have lost 2.1% last week, but Bank of America Merrill Lynch is assuring investors that the worst may be over for the yellow metal. Metals strategist Michael Widmer noted to his clients on Monday that gold prices have stabilized this year due to steady demand from emerging international markets such as China and India. Remember
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Self-Directed IRA Infographic
- July 21, 2014
- Posted by: Orkan Ozkan
- Category: IRA
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World’s Biggest Platinum Producer to Sell Some of its S. Africa Mines
- July 21, 2014
- Posted by: Orkan Ozkan
- Category: Platinum
Anglo American Platinum Ltd. (also referred to as “Amplat”), the world’s largest platinum producer accounting for 38% of annual worldwide supply, has announced on Monday that it will be selling some of its South African mines. The company is struggling with the after-effects of the five-month-long platinum mine strike in South Africa, which just ended
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American Eagle Gold Proof Coin Sales Soar
- July 18, 2014
- Posted by: Orkan Ozkan
- Category: News
Just three months after the United States Mint released the new Proof 2014-W American Eagle 1-oz. gold coin, it has sold more than 75% of its supply of the single-coin option. The coins went on sale starting April 3. The U.S. Mint authorized a supply of 20,000 of the single-coin option for the 1-oz. piece. There are also
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This Week in Gold: Geopolitical Events Take Center Stage
- July 18, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we explained quantitative easing in two parts, recapped Janet Yellen’s testimony on the state of the economy, and witnessed geopolitical events that made waves in the markets and beyond. If you’re feeling overwhelmed with everything that happened in the world this week, and what you can do about it when it comes
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Gold Back Above $1,300/oz. as U.S. Imposes New Sanctions on Russia
- July 17, 2014
- Posted by: Orkan Ozkan
- Category: News
After hitting a four-week low earlier in the week, gold is back above the $1,300 mark to $1,318 as buyers are taking advantage of low prices and new U.S. sanctions on Russia have hurt the stock market. Palladium also remains at a 13 1/2-year high. Russia accounts for nearly half of total palladium supply. The
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Quantitative Easing, Part II: What Does QE Mean for Gold?
- July 17, 2014
- Posted by: Orkan Ozkan
- Category: Gold
On Monday we gave an overview of quantitative easing (QE), explaining what it is, who controls it, and how the American public receives information about it. QE is a program implemented by the Federal Reserve that injects new money into the American economy in hopes of helping it grow. But how does it relate to gold? Quantitative Easing
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Fed Chair Janet Yellen: “Considerable Uncertainty” of Economic Outlook
- July 15, 2014
- Posted by: Orkan Ozkan
- Category: News
Federal Reserve Chairwoman Janet Yellen testified in front of the Senate Banking Committee this morning regarding the Fed’s economic outlook, accompanying their semi-annual monetary policy report. She hinted that the positive data coming from the labor market has surprised the Federal Open Market Committee, and may lead them to raise interest rates higher and sooner than
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