
Blog
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This Week in Gold: Hello 2015!
- January 2, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
No CommentsThis week in gold we said goodbye to 2014, a year in which gold was faced with a stronger U.S. dollar and a booming stock market – factors usually bearish for gold – yet still managed to keep its status as a reliable safe-haven investment. Its price remained stable on the year, starting at $1,205/oz. and
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A Look Back at the Year in Gold
As 2014 comes to a close, it’s time to take a look back at the year in gold. What were the highs, and what were the lows? What were some of the most popular posts on our blog? We answer these questions below. Enjoy, and best wishes for the new year! 2014 Highs and Lows According to
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Hebba Investments: “Gold Investors Should Be Very Comfortable”
Although physical gold is commonly considered a long-term investment, lower gold spot prices can cause anxiety among investors. However, Hebba Investments have penned an article in Seeking Alpha telling gold investors they “should be very comfortable with their investment.” How did they come to this conclusion? The state of the gold mining industry As we discussed in yesterday’s blog,
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Could a gold supply crunch be coming in 2015?
- December 29, 2014
- Posted by: Orkan Ozkan
- Category: News
There has been much talk this year among gold bugs, analysts, and company officials about challenges facing the gold mining industry. Goldcorp CEO Chuck Jeannes told the Wall Street Journal miners have reached “peak gold”, geologist and mining analyst Thomas Schuster told The Gold Report “we are not replacing reserves as fast as we’re mining them”, and Gold Fields
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Gold’s significance to the Christmas holiday
- December 25, 2014
- Posted by: Orkan Ozkan
- Category: News
American Bullion wishes a very Merry Christmas to those who celebrate! How is gold significant to Christmas? Read below for some examples. Red, green, and gold are considered to be the three colors of Christmas. Gold became significant to Christmas after the birth of Jesus Christ. Legend has it that Melchior, an Arabian king and one of
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CNBC: Could Russia back its currency with gold?
- December 23, 2014
- Posted by: Orkan Ozkan
- Category: News
It’s no secret that Russia has been purchasing a lot of gold lately. Between July and September 2014, central banks throughout the world added a total of 92.8 tons of gold to their reserves, with Russia accounting for 59% of net purchases made during that time period. It has now surpassed China in the amount of gold held
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The US now has $18 trillion in debt. Just how much is 18 trillion?
- December 22, 2014
- Posted by: Orkan Ozkan
- Category: Currency
The United States national debt has reached 18 trillion dollars. Just how large is this number? It can be difficult to visualize such a huge number without putting it into perspective. Here are five examples to help you do so. 1. 18 trillion seconds is equal to 5 billion hours, or 570,398 years. To put that even
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Could the North Korean cyberattack on Sony drive demand for gold?
- December 19, 2014
- Posted by: Orkan Ozkan
- Category: News
On November 24, a hacker group calling themselves “Guardians of Peace” obtained and released emails, salary details, copies of unreleased films, and other information from Sony Pictures Entertainment. On December 16, the hackers threatened to attack anyone who sees The Interview, an upcoming Sony comedy film that mocks North Korea and its leader Kim Jong-un, and told
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Federal Reserve releases final policy statement of 2014
- December 17, 2014
- Posted by: Orkan Ozkan
- Category: News
The Federal Reserve has released its final policy statement of 2014 declaring it “can be patient” on the issue of raising interest rates for the first time since 2008. The full statement can be read here. In its last few statements, including this latest one, the Federal Open Market Committee asserts that interest rates will likely remain near zero
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Salvation Army receives generous donation in unexpected form
Many people drop spare pennies or nickels into Salvation Army buckets around the holidays. Some others drop pure gold coins. Last Friday in Portland, Oregon, the Salvation Army found a 1-oz. Canadian Gold Maple Leaf coin in one of its donation kettles. The spot price of one ounce of gold is currently around $1,200. This is the

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