Blog
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What the Troubled Gold Mining Industry Means for Gold Prices
- April 21, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsOver the past week two major gold mining companies, Barrick Gold Corp. and Newmont Mining Corp., have been holding talks about a potential merger without any deal being made thus far. Negotiations broke down after the parties disagreed on plans for a spin-off company. The terms that were agreed upon were Barrick buying Newmont for
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This Week in Gold: Palladium Supply, Chinese Demand, Gender Gaps
- April 17, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week we saw gold prices remain steady at around $1,300 an ounce as a weaker U.S. dollar and accommodating decisions by the Fed offset worries about the strength of Chinese demand and selling of gold-backed funds, palladium prices surge as the crisis in Ukraine threatened supply, learned of seven reasons China is becoming the world’s number
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Women Participating in 401(k) Plans Less Than Men
- April 16, 2014
- Posted by: Orkan Ozkan
- Category: 401K
In a study of over 2,000 companies, Wells Fargo recently announced that 49% of men and 43% of women enroll in their employer-sponsored retirement plan. Compare this to Wells Fargo’s “recommended contribution index” measuring how many people are saving a minimum of 10% for their 401(k), in which 43% of men and 39% of women hit
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7 Reasons China is Becoming the #1 Producer and Consumer of Gold
- April 15, 2014
- Posted by: Orkan Ozkan
- Category: News
The World Gold Council recently released a report titled “China’s gold market: progress and prospects” examining the rising demand for gold in the world’s most highly populated country. The report also explains why China’s gold market will continue to expand regardless of the giant surge in demand. Important to the trend is China’s growing middle
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Palladium Surges as Crisis in Ukraine Threatens Supply
- April 14, 2014
- Posted by: Orkan Ozkan
- Category: News
Remember last week when we pointed out that automotive demand and air quality concerns were driving up the price of palladium? Well, also mentioned in that article was that concerns about a threatened supply from Russia may drive the price up even further. Just that has happened this morning as palladium rose to its highest
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This Week in Gold: The Financial Security of Americans
- April 11, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we saw the effects newly released U.S. economic data had on gold prices, heard about how new IRA rollover rules may affect gold investors, and learned of a financial test that 40% of Americans are failing. Each of these stories reiterates the importance of owning gold and other precious metals as
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40% of Americans Fail This Financial Test – Do You?
- April 10, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
Americans are failing a basic financial test at surprising rates. A recent ABC News story reveals several reasons Americans are not financially secure. Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business asked a sample of 25,000 people a simple question and the results were shocking. We
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Automotive Demand and Air Quality Concerns Drive Up Palladium Price
- April 9, 2014
- Posted by: Orkan Ozkan
- Category: News
In addition to gold, silver, and platinum, American Bullion also offers Palladium IRAs. Palladium is a silvery, white medal that has many industrial uses including in electronics, jewelry, and automobiles. Palladium can be frequently stripped down, recycled, and re-used. Currently its most popular use is for catalytic converters that clean up emissions from combustion engines
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New IRA Rollover Rules – How Will They Affect You?
- April 9, 2014
- Posted by: Orkan Ozkan
- Category: News
As those interested in a Gold IRA should know, a “rollover” is when money is withdrawn from a retirement plan such as a 401(k) and contributed to an IRA within 60 days – a 100% tax-free transaction. But are there limits on this? The United States Tax Court recently ruled that taxpayers may only do one
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Gold Steady After U.S. Jobs Data Fails to Meet Expectations
- April 8, 2014
- Posted by: Orkan Ozkan
- Category: News
U.S. jobs data released on Friday showed that non-farm jobs increased by 192,000 in the month of March. Most economists expected this number to be around 200,000. Investors had been concerned that after mostly positive economic news as of late, even more positive data would come out and the Fed would raise the U.S. interest
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