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Peter Schiff talks gold, Federal Reserve, U.S. dollar, oil
- December 10, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsPeter Schiff, a well-known American entrepreneur, author, and financial commentator, recently spoke on RT’s Boom Bust about the U.S. economy, oil prices, the Swiss gold referendum, the numerous uses of gold, and more. Seeking Alpha has provided a partial transcript of the interview, which we have outlined for you below. On the latest U.S. jobs figures The latest ADP
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Gold rises as U.S. dollar weakens, stocks decline
- December 9, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold rose nearly 2% on Tuesday, hitting its highest price since late October, as stocks slumped and cautious comments from Federal Reserve policymakers spurred a drop in the U.S. dollar. Spot gold reached as high as $1,226.80 an ounce, a rise of 1.8%, and U.S. gold futures jumped 2.5% to $1,224.80 an ounce. This is a significant
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CNN: How central banks and consumers still rely on gold
- December 3, 2014
- Posted by: Orkan Ozkan
- Category: News
In a CNN article titled “Good old-fashioned gold: how consumers and banks still rely on it“, authors Katie Pisa and Tracey Hobbs discuss the robust attraction to gold as a safe-haven asset that has held for thousands of years. Gold “has provided a tradable commodity which investors have turned to in uncertain times. It’s a safe haven,
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Swiss voters reject gold initiative
Remember the Swiss gold referendum? The voters have spoken, and on November 30 they decided against requiring the Swiss National Bank to hold 20% of its assets in gold. The initiative garnered worldwide attention in the markets and the media, as investors and analysts grappled with its potential implications. After news broke that it had not passed, gold
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Is gold hitting a bottom?
- November 20, 2014
- Posted by: Orkan Ozkan
- Category: News
Could gold be hitting a bottom? An increasing number of analysts think so. According to Barron’s, “Gold bulls are coming out of the woodwork as prices for the yellow metal rebound off four-and-a-half-year lows.” To those who are new to investing, the term “hitting a bottom” may sound like a bad thing, but in the
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India regains position as world’s #1 gold consumer
- November 13, 2014
- Posted by: Orkan Ozkan
- Category: News
It is no secret that India loves gold. The consumer gold market makes up a large portion of the country’s economy, as gold adornments and gifts play a vital role in many Indian cultural events. The same is true for China, and in 2013 China surpassed India as the world’s top gold consumer. However, according to
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Video: What’s driving Russia’s gold buying spree?
We recently wrote about Russia’s purchase of 1.2 million ounces of gold during the month of September, the country’s largest gold purchase in over 15 years. If you’re wondering what is behind this growing Russian appetite for gold, Newsy has produced a video offering an explanation. What’s driving Russia’s gold buying spree? Highlights from the video: One
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More U.S. Mint news: American Silver Eagles temporarily sold out
- November 6, 2014
- Posted by: Orkan Ozkan
- Category: News
The U.S. Mint said on Wednesday that its 2014 American Silver Eagle coins have temporarily sold out amid “tremendous demand in the last several weeks.” As we wrote in yesterday’s blog, the Mint reported record high bullion coin sales during the month of October. This news was not announced to the public, but a spokesperson confirmed that a
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U.S. Mint bullion coin sales surge in October
Demand for U.S. Mint bullion coins surged in October, with silver and gold coin sales at their highest since January 2013 and January 2014 respectively. Gold and silver spot prices have hit lows recently, but apparently this hasn’t hurt retail demand – on the contrary, it appears to have helped. Scott Spitzer, CEO of the coin dealer Manfra, Tordella &
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Gold and silver hit lowest prices in 4 years
- October 31, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold and silver hit their lowest prices since 2010 on Friday amid a strong dollar and the Federal Reserve’s termination of its quantitative easing (QE) program. The U.S. dollar strengthened against the Japanese yen after the Bank of Japan announced it would increase its stimulus spending. Jeffrey Sica of Sica Wealth Management said “The main reason for gold’s fall is
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