Blog
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This Week in Gold: East vs. West, new infographic, and more
- April 17, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
No CommentsGold has been described as being in a “continuous seesaw” around $1,200/oz. as of late, and this week was no different. Economic cues were mixed: the U.S. dollar was up and down, industrial output and retail sales missed expectations, and concerns rose about Greece exiting the euro. On the blog we discussed the latest gold price forecast
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Infographic: Which Countries Hold the Most Gold?
- April 16, 2015
- Posted by: Orkan Ozkan
- Category: Gold
Ever wonder which countries have the most gold in their central bank reserves? Find out the top 10 in our infographic. Gold ownership isn’t limited to central banks. Call American Bullion today at 1-800-326-9598 or request your Free Gold Guide to learn how easy it is to own gold.
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Gold across the globe: East vs. West, Love vs. Fear
- April 15, 2015
- Posted by: Orkan Ozkan
- Category: Gold
How do the Eastern and Western worlds compare when it comes to gold supply and demand? Before delving into the numbers, it’s important to understand the attitudes towards gold ownership in each region. The Fear Trade and the Love Trade John Lennon once said “There are two basic motivating forces: fear and love.” When it comes
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BofA Merrill Lynch: Gold “could rise to $1,500/oz by 2017”
“The Wall Street Bull” by herval via Flickr, used under a Creative Commons license Bank of America Merrill Lynch (BofAML) analysts believe the worst may be over for gold. According to a recent report, they see gold reaching $1,500/oz. by 2017. At the same time, a global BofAML survey revealed concerns of overvaluation in the equity and bond markets. A press
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This Week in Gold: Inherent reasons to own gold
- April 10, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold finished Friday at $1,208.30/oz. after bouncing around a bit throughout the week. Minutes from the Federal Reserve’s most recent meeting released on Wednesday showed Fed members were divided on whether to raise interest rates in June. Gold fell below $1,200/oz. in response but rebounded later in the week. On the blog we covered gold’s
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Why gold? 7 fundamental reasons to own gold
Like any other commodity, currency, or stock, gold has its ups and downs. It’s easy to get caught up in watching the day-to-day fluctuations in the spot price, trying to time the market for the perfect price. But what if we told you there are reasons to own gold that are fundamental, and hold true
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Gold has outperformed the S&P 500 this year
Gold experienced two impressive rallies recently: on Wednesday of last week it saw its biggest jump in two months, and on Monday of this week it hit a seven-week high. Perhaps even more impressive, however, is that gold has also outperformed the S&P 500 so far in 2015. As of April 6, gold has seen a 2.5%
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Gold hits 7-week high on more weak jobs data
Gold closed Monday at a seven-week high of $1,218.60/oz., a 1.5% gain, after more disappointing jobs data eased gold investors’ worries over the Fed raising interest rates. The U.S. employment data, which was released on Friday, showed far fewer jobs were produced in March than expected. In addition, the Institute for Supply Management on Monday reported its non-manufacturing index
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This Week in Gold: A boost from disappointing jobs data
- April 3, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
Gold received a boost this week from disappointing U.S. jobs data on Wednesday, allowing it to break through its $1,200/oz. resistance level. News of lower jobless claims on Thursday pared some of Wednesday’s gains, but gold still managed to end the week above $1,200 at $1,202/oz. On the American Bullion blog we provided Part II of our exclusive
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American Gold Eagle coin sales up strongly in March
- April 2, 2015
- Posted by: Orkan Ozkan
- Category: Coins
March sales of American Gold Eagle bullion coins were more than double those of February, according to the latest figures from the U.S. Mint. A total of 46,500 oz. (118,000 coins) of American Gold Eagles were sold in March, compared to 18,500 oz. (64,500 coins) in February – a 151% increase from the previous month’s sales. March 2015 sales
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