Blog
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Issues Overseas Cause Gold to Rise
- March 7, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsGold prices are up about 11% this year and show little sign of slowing down. This week has been another profitable one for the yellow metal as geo-political issues are heating up overseas. It seems the situation in Ukraine is nearing a boiling point, which has investors eager to protect their wealth with safe haven
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What China’s Economy Means for Future Gold Values
- March 7, 2014
- Posted by: Orkan Ozkan
- Category: News
Recent data published by the World Gold Council (WGC) once again undermined the fears of gold naysayers, who point to the threat of a Chinese economic collapse, or even pronounced recession, as a major risk to owning the precious metal. In February, the WGC announced that Chinese consumer demand for gold jumped 32% in 2013,
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Modern-Day Buried Treasure Could Be Unsolved Gold Heist
- March 3, 2014
- Posted by: Orkan Ozkan
- Category: News
Just when we thought this story couldn’t get any more exciting – there’s a possible surprise twist! Last week, one lucky Sierra Nevada couple was walking their dog when they stumbled across a gold mine. It wasn’t an actual gold mine, but instead gold coins – 1,427 gold coins to be exact! Since then, the
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Money Managers and Hedge Funds Hike Gold Wagers
- March 3, 2014
- Posted by: Orkan Ozkan
- Category: News
Money managers and hedge funds boosted bullish gold wagers to a three month high in February as demand for safe haven assets grew. Fueling interest in gold among smart money players are: A string of soft data that hints at a slowing U.S. economy Melting emerging markets Geopolitical turmoil in Ukraine, Turkey and Argentina Bargain
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2013 Gold Trends from the World Gold Council
- March 2, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold seemed to fizzle out at the end of 2013, with the Federal Reserve cutting back $10 billion on its bond purchases and a 28% annual drop in gold prices. These factors led many to question gold’s future as a desirable, physical asset that carries value and preserves wealth. However, demand is essential to the
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3 Reasons Gold Could Overtake $1,600 an Ounce
- February 28, 2014
- Posted by: Orkan Ozkan
- Category: News
There has been buzz in the media that the price of gold may have been subject to manipulation in the past decade or more. This price fixing however seems to be inconsequential to David Lutz, leading strategist for Stifel Nicolaus, who recently stated “I can easily see us overtaking $1,600 an ounce.” Here is a
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3 Countries That Are Affecting the Gold Price
- February 24, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold started the week around $1,330 per ounce and is up about 9% for the year. It saw gains and losses through mid-week and is now set to level out right where it started on Monday. While fluctuating gold prices may strike fear into some, keep in mind that countries like the United States, China,
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5 Steps to Transfer Your IRA to Gold
- February 15, 2014
- Posted by: Orkan Ozkan
- Category: Gold IRA
Did you know that you can own gold or silver in your IRA? Many people aren’t aware that they can hold physical precious metals in their individual retirement accounts. However, not all custodians are authorized to hold precious metals in their IRAs. Only Self Directed Gold IRAs are allowed to hold physical gold. In order
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Debt Ceiling Suspended to $17.2 Trillion
- February 13, 2014
- Posted by: Orkan Ozkan
- Category: News
The debt ceiling was suspended on Wednesday to $17.2 trillion by a 67-31 vote by the Senate that will stay in effect until March 15, 2015. The previous debt ceiling suspension expired in early February, forcing lawmakers to take action. The debt ceiling was ultimately suspended to keep the government from running out of funding
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Gold Starts Strong in February
- February 10, 2014
- Posted by: Orkan Ozkan
- Category: News
February has shown some light on gold with its value rising early in the month from $1,250 per ounce to $1,275 today. This streak is considerably better than the tail end of January, when prices had slumped to almost $1,240 per ounce. Here’s a look at some factors that may be contributing to gold’s February
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