
gold reserves
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CNN: How central banks and consumers still rely on gold
- December 3, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
No CommentsIn 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
- December 1, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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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Ron Paul: Swiss gold referendum is a “healthy conversation”
- October 27, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Government, News
Former U.S. congressman Ron Paul believes the Swiss gold referendum – an upcoming vote on whether Switzerland’s central bank should increase its gold reserves to 20% – is a “healthy conversation” on the role of central banks. The vote is set to take place on November 30. Paul is known to be a strong supporter
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Russia makes largest gold purchase in over 15 years
- October 23, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Government, News
The Russian central bank has made headlines by purchasing a staggering 1.2 million ounces of gold in September, the country’s largest gold purchase in over 15 years. Analysts are noting that this could have a huge impact on global demand for gold, and that Russia may be attempting to send a message by publicly announcing such a large
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Swiss gold referendum reflects increasing appetite for yellow metal
- October 22, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Government, News
Have you been hearing about the Swiss gold referendum and are wondering what it’s all about? On November 30, the people of Switzerland will be casting an important vote on whether the Swiss National Bank (SNB), the country’s central bank, should be required to increase and hold onto its gold bullion reserves. What’s behind this vote, and what might be
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Former Fed Chairman Alan Greenspan Talks Gold
- October 7, 2014
- Posted by: Orkan Ozkan
- Category: Currency, Featured, Gold, Government, News
In an essay featured in Foreign Affairs titled “Golden Rule: Why Beijing Is Buying”, former Federal Reserve Chairman Alan Greenspan praises the various properties and benefits of physical gold, claiming “gold has special properties that no other currency, with the possible exception of silver, can claim.” He makes some other compelling statements, such as: “For more than two millennia,
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This Week in Gold: Interest Rates, Fed Meeting, Scotland Decides
- September 19, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, This Week in Gold
This week in gold, we saw a few interesting events unfold that each had an influence on gold, such as the latest Federal Reserve statement and the Scottish independence referendum. We also took a look at gold’s controversial relationship with interest rates and how the world’s nations rank in terms of gold holdings and production. With
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Gold: How the World Stacks Up
- September 17, 2014
- Posted by: Orkan Ozkan
- Category: Featured, Gold, Government, Learn
Ever wondered which countries hold the most gold? What about gold production? And why is this important? Read on to find out. Countries and Organizations Ranked by Gold Holdings The International Monetary Fund maintains records of national assets reported by various countries, which the World Gold Council (WGC) then uses to determine and rank the official
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This Week in Gold: Indian Demand, Gold Reserves, Rocky, Baby Boomers
- August 29, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Retirement, This Week in Gold
This week in gold, American Bullion covered these four stories: Despite Gold Lows, Indian Demand High Ahead of Religious Festival Central Banks Increasing Gold Holdings CNBC Article: Gold is “kind of like the Rocky Balboa right now” USA Today: Baby Boomer Retirees Face Big Money, Big Decisions The themes of this week’s stories were gold’s cultural importance, resilience
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Central Banks Increasing Gold Holdings
- August 26, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
A notable number of central banks, many from countries with developing economies, have been increasing their official gold reserves over the past few years, writes the Wall Street Journal. The central banks of Russia and Kazakhstan in particular raised their holdings in July despite gold’s less-than-stellar recent performance. In Tuesday morning trading gold peaked at $1,291.10 per ounce, and has
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