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Gold hits 12-week high as stock markets, currencies struggle
- January 13, 2015
- Posted by: Orkan Ozkan
- Category: News
1 CommentGold reached a 12-week high on Tuesday as falling oil prices led to volatility in stock markets and currencies. Spot gold peaked around 4:00am EST at $1,243.60/oz., its highest price since mid-October. The price retreated after European stocks and the U.S. dollar recovered from early lows, but low oil prices have kept it elevated above $1,235/oz. Struggling
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“The good times are over,” says bond guru Bill Gross
- January 7, 2015
- Posted by: Orkan Ozkan
- Category: News
Bill Gross, a well-known American financial manager, author, and “bond guru”, has a warning for investors. “The good times are over,” Gross said in his 2015 Investment Outlook titled “Ides” released Tuesday. He believes investors should “lower their expectations” in 2015. He continued: “Beware the Ides of March, or the Ides of any month in 2015 for that
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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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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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U.S. Mint sees record sales of American Silver Eagle coins
- December 11, 2014
- Posted by: Orkan Ozkan
- Category: News
The United States Mint announced in a press release that it has seen record sales of the American Silver Eagle bullion coin for the second straight year. According to the press release, “Driven by investor demand around the globe,” sales of American Silver Eagle coins reached 495,500 on Monday, bringing the annual total to date for
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