
Blog
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Gold Rallies on High Levels of Geopolitical and Economic Uncertainty
- August 6, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsGold reached its highest price in almost two weeks on Wednesday, as investors worried about geopolitical tensions and the economic landscape in Europe. Gold for December delivery gained $22.90, or 1.8%, to reach $1,308.20 per ounce – its highest price since July 21. In summary, investors have been watching the following economic and geopolitical stories: Italy’s economy has fallen into recession
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Forbes: “India’s appetite for gold defies market conditions”
- August 5, 2014
- Posted by: Orkan Ozkan
- Category: News
India loves gold – especially if it’s Swiss gold. According to the Swiss government, Switzerland’s total value of exported gold and silver bullion in the month of June was 3.9 billion Swiss franc ($4.3 billion USD), of which India accounted for 1.63 billion francs ($1.8 billion USD, or 42%). In India gold is used primarily in
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Ron Paul: “Why I Still Believe in Gold”
- August 4, 2014
- Posted by: Orkan Ozkan
- Category: News
Dr. Ron Paul, former U.S. Representative and one of the most important voices of America’s libertarian movement, was interviewed on CNBC’s “Futures Now” about his outlook on gold. In the interview, which took place on July 29th, Dr. Paul remarked on the rise in the price of gold over the last few decades, and what that
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This Week in Gold, and Argentina’s Default
- August 1, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold was full of economic news that investors then reacted to in markets far and wide. The data on the U.S. economy was mostly positive, but not without caution. Meanwhile, Argentina has defaulted on its debt, sending markets into a tailspin. Geopolitical tensions have also been weighing on the precious metals market, with
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Federal Reserve Releases Statement after Latest Meeting
- July 31, 2014
- Posted by: Orkan Ozkan
- Category: News
The Federal Reserve completed its two-day meeting on Wednesday and announced that it will continue to taper off its bond-buying program (also known as Quantitative Easing or QE), citing an improving U.S. economy. The plan to end the program completely in October still stands. The Fed’s Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities reads as follows:
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Gold Investors Weigh Latest U.S. Economic Data Against Geopolitics
- July 30, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold fell from a one-week high on Tuesday but was little changed on Wednesday morning as investors are weighing signs of an improving U.S. economy against geopolitical tensions in Russia/Ukraine and the Middle East. The Federal Reserve concludes their two-day meeting on Wednesday, and data is expected to show that the economy rebounded last quarter.
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What to Watch for at This Week’s Federal Reserve Meeting
- July 29, 2014
- Posted by: Orkan Ozkan
- Category: News
It’s a big week for United States economic data, with the Federal Open Market Committee (FOMC)Â meeting on Tuesday-Wednesday, second quarter GDP figures being released on Wednesday, and employment data coming out on Friday. Markets are already reacting, with the 24-hour gold spot price reaching a one-week high of $1,312 per ounce early Tuesday morning, and
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Gold in 2014: Where Might it Go from Here?
- July 28, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold has certainly seen its ups and downs so far in 2014, and no one has a crystal ball to look into the future and predict its next direction. However, in an article titled “At the Crossroads: Gold in 2014” from the February/March issue of American Hard Assets magazine, author Mike Getlin points out that “Though 2014 may
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This Week in Gold: Platinum Mining, Gold Optimism, Inflation, Savings
- July 25, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold was comprised of news on platinum mining, gold optimism, inflation, and retirement saving rates. Each news item served as a reminder that it is always a good time to consider owning gold and other precious metals to protect your wealth, no matter what may be happening in the world. World’s largest platinum
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Americans Saving for Retirement at Record High Levels
- July 24, 2014
- Posted by: Orkan Ozkan
- Category: News
Data 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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