
Orkan Ozkan
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The US now has $18 trillion in debt. Just how much is 18 trillion?
- December 22, 2014
- Posted by: Orkan Ozkan
- Category: Currency
No CommentsThe United States national debt has reached 18 trillion dollars. Just how large is this number? It can be difficult to visualize such a huge number without putting it into perspective. Here are five examples to help you do so. 1. 18 trillion seconds is equal to 5 billion hours, or 570,398 years. To put that even
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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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This Week in Gold: Peter Schiff, gold’s rebound, silver news, and more
- December 13, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold hit its highest price since late October this week, breaking through the $1,200 resistance level it has been hovering around for some time. On the blog, we covered American Bullion’s recent food donation to the Ventura County Rescue Mission, gold’s sudden rebound, financial commentator Peter Schiff’s latest thoughts on gold and other markets, and the U.S. Mint’s
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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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Peter Schiff talks gold, Federal Reserve, U.S. dollar, oil
- December 10, 2014
- Posted by: Orkan Ozkan
- Category: News
Peter 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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American Bullion Helps Needy Enjoy Thanksgiving Meal
- December 8, 2014
- Posted by: Orkan Ozkan
- Category: Press & Media
American Bullion, Inc. recently made a generous donation of food to the Ventura County Rescue Mission for its annual holiday feast held on Thanksgiving Eve. The event allowed needy families and individuals in the area to enjoy a warm Thanksgiving meal. Read below or see the full press release for more details! LOS ANGELES, Dec. 8, 2014 /PRNewswire/ — American
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This Week in Gold: Swiss gold vote results and beyond
- December 6, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we discussed a couple of news items that highlighted the lasting importance of gold to central banks and consumers. We also answered a commonly asked question about the price of gold that you may have been curious about. Read below for more information on these stories. Swiss voters reject gold initiative Remember

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