
Blog
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Strong dollar, interest rate fears take toll on stocks
- March 11, 2015
- Posted by: Orkan Ozkan
- Category: Currency
No Comments“The seventh year of the bull market is off to a rocky start,” wrote the Associated Press on Tuesday. In summary: The Dow lost 333 points, or 1.9%, erasing its 2015 gains in its worst day of the year and biggest drop since October 9. The S&P 500 lost 35 points, or 1.7%, also erasing
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Time is gold: Apple to release watch containing 18-karat gold
They say time is money, but for Apple, time is gold. The technology giant is set to release a luxury edition of its Apple Watch in late April, called the Apple Watch Edition, that is encased in 18-karat gold. The cost? $10,000, as revealed at the highly anticipated Apple event on Monday. According to the
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This Week in Gold: A break below $1,200
- March 6, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
If you thought gold was a bargain last week, you now have an opportunity to buy it for even less. Gold began the week at around $1,223/oz. and then settled around $1,200 for the next few days. On Friday morning, however, gold fell to $1,165.70, its biggest drop since December 2013. The drop occurred after data showed the
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Mining CEO Rob McEwen forecasts $5,000 gold
Rob McEwen, founder of the major gold mine Goldcorp and CEO of McEwen Mining, told investors at the Prospectors & Developers Association of Canada (PDAC) convention on Wednesday that he continues “to believe we’re going to see higher prices in gold.” How much higher? Up to $5,000/oz., he suggested in his presentation. He spoke of the exploding U.S.
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11 powerful people and their insights on gold
- March 4, 2015
- Posted by: Orkan Ozkan
- Category: Gold
What have some of the most well-known investors and other influential people said about gold? Read on for their powerful insights. 1. Steve Forbes Editor-in-Chief of Forbes magazine, in a 2005 interview with Investment U: “Gold is a constant. It’s like the North Star.” 2. John Paulson Billionaire hedge fund manager, to Bloomberg Business in 2012: “We view gold as a currency, not a
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25% of Americans believe they won’t get anything from Social Security
- March 3, 2015
- Posted by: Orkan Ozkan
- Category: Retirement
How much retirement income do Americans expect to receive from Social Security? According to a survey by Bankrate.com, for many Americans the answer is not very much, if anything. The survey found that only 13% of Americans expect it to account for all or most of their retirement income, 14% expect it to account for half, and
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This Week in Gold: Yellen’s Yelling
- February 27, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold again hovered around its key $1,200/oz. level this week, with a low of $1,191.75 and a high of $1,219.92. If you’re looking to buy gold at a relatively low price, the opportunity still stands. All eyes were on Fed Chair Janet Yellen for much of the week, as she testified before Congress on Tuesday
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4 important takeaways from Yellen’s testimony before Congress
- February 25, 2015
- Posted by: Orkan Ozkan
- Category: Government
Federal Reserve Chair Janet Yellen completed her semiannual report to Congress on Wednesday, testifying before the House Financial Services Committee and the Senate Banking Committee. Here are four important takeaways from her testimony, and what it has to do with gold. 1. Yellen is happy with the recent economic growth – but sees room for improvement On economic
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Did Alan Greenspan hint at a market correction coming?
- February 24, 2015
- Posted by: Orkan Ozkan
- Category: News
Former Federal Reserve Chairman Alan Greenspan has not been shy in his criticism of the Fed’s current policy and his praise for gold’s “special properties that no other currency, with the possible exception of silver, can claim.” At the New Orleans Investment Conference in October of last year, he reportedly delivered a bombshell during private conversation with resource
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5 reasons to buy gold you may not have thought of
Here are five examples of less talked-about reasons to buy gold. 1. Gold can be passed down from generation to generation Many of American Bullion’s clients like the fact that they can easily pass down their precious metals to their children as a way of transferring their wealth. The gold coins you buy today could eventually become an important

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