Blog
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Gold Futures and Physical Demand
- May 10, 2013
- Posted by: Orkan Ozkan
- Category: Gold
No CommentsWhile gold posted two consecutive weeks of gains since the recent drop, it has still struggled to surpass its 10-day moving average. Here is a look at a few of the stories surrounding gold and silver this week. Brighter Outlook for Gold Futures Gold exchange-traded products have seen tremendous outflows in the past two weeks, but
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Gold as Legal Tender, Increased Chinese Demand, and Automatic IRAs
- May 2, 2013
- Posted by: Orkan Ozkan
- Category: News
The latter half of April was undoubtedly a historical two weeks for gold. As the start of May approaches there have been a few interesting stories come to light around the topic of precious metals. Here is quick overview of what happened this week in Gold. Arizona Pushes to Make Gold Legal Tender The Republican-led
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U.S. Mint Sales of Gold Coins Jump to Highest in Three Years
- May 1, 2013
- Posted by: Orkan Ozkan
- Category: News
American Bullion was recently featured in a Bloomberg article focused on the recent jump in U.S. Mint Gold coin sales. The story highlights the fact that gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months. April sales totaled
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Gold vs. Bitcoin
- April 26, 2013
- Posted by: Orkan Ozkan
- Category: Gold
Over the past year, Bitcoins have been generating buzz as a new alternative to currency. Bitcoins have gone from as low as $5.00 up to more than $1,100.00. A few individuals have asked about Bitcoins as an alternative to gold, so we wanted to discuss several aspects you should consider when comparing Bitcoins with Gold. What
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U.S. Mint Suspends 1/10-oz. Gold Eagle Coins after Gold Sales Increase
- April 23, 2013
- Posted by: Orkan Ozkan
- Category: News
Today, Reuters reported that the U.S. Mint has temporarily suspended sales of its one-tenth ounce American Eagle gold bullion coins after surging demand ran down government inventories. “While the one ounce gold bullion coins remain the most popular, demand for the one-tenth ounce coins has remained strong with year-to-date demand for these coins up over
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The Complete History of Gold
- April 20, 2013
- Posted by: Orkan Ozkan
- Category: Gold
Ancient Origins The earliest gold references date back to around 4000 B.C. where Egyptian hieroglyphics described gold as being as prevalent as sand. Egyptians were also the first civilization known to smelt gold and utilize the lost-wax technique still used today in jewelry making. The Egyptians And King Tut One of the most iconic and
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4 Painful IRA Mistakes to Avoid
- March 26, 2013
- Posted by: Orkan Ozkan
- Category: IRA
As tax season nears its end, it’s time to make sure everything is in order before April 15th. The following are a few pitfalls to avoid with your Individual Retirement Account. 1. Exceeding the IRA Contribution Limit For 2012 the maximum contribution to your IRA is $6,000 (depending on your age). If you exceed this
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Are Precious Metals Gleaming Again?
- March 15, 2013
- Posted by: Orkan Ozkan
- Category: News
In a recent article by MSN Money, Anthony Mirhaydari makes the case for why Gold values may begin gleaming again. Here is a quick recap of some of the main points in his article. 1. Even with the Dow at a new high, under the surface, there are signs that insiders are pulling back and looking
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4 Reasons to Set Up a Self-Directed IRA
- March 15, 2013
- Posted by: Orkan Ozkan
- Category: IRA
Many people are familiar with Traditional and Roth IRAs, yet few know the details behind a Self-Directed IRA. This type of retirement account has been getting the attention of investors who need more options and flexibility when it comes to the type of assets they hold in their retirement accounts. Here are a few quick
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What the Sequester Means for Gold
- March 9, 2013
- Posted by: Orkan Ozkan
- Category: News
Over the past week, we had many individuals ask, “What is the Sequester and how will it relate to the overall value of gold?” Here is a brief overview on the sequester and what it means for most individuals. Sequester Definition: According to Wikipedia, the Sequester is a group of budget/spending cuts to various categories of
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Contact American Bullion with any questions about your Gold IRA and investment strategies. Our agents are ready to help get your started!