Blog
-
Peter Schiff: The dollar is going to crash; buy gold
- March 20, 2015
- Posted by: Orkan Ozkan
- Category: News
No CommentsPeter Schiff, CEO of Euro Pacific Capital and long-time proponent of gold, is not buying the dollar hype. Speaking to Aaron Task on Yahoo Finance’s Market Pulse, Schiff projected that the U.S. dollar is going to collapse, and “people are going to turn to gold, in a big way, all around the world.” See below for video of
-
The stock market: Will history repeat itself?
- March 19, 2015
- Posted by: Orkan Ozkan
- Category: Stocks
“The more you know about the past, the better prepared you are for the future.” -Theodore Roosevelt No one has a crystal ball for the stock market, but what we do have to look at is history. Although past performance does not guarantee future results, when it comes to the U.S. stock market’s current situation, history
-
Gold surges more than 2% after Fed loses its “patience”
The Federal Reserve released its post-meeting statement on Wednesday, this time lacking a key word that has been intriguing investors for months. The Fed had continuously been saying it would be “patient” on raising interest rates, but that word was dropped from the latest statement. It also cut its forecast for U.S. economic growth in 2015. U.S. stocks and
-
Hedge fund manager Andy Redleaf: “It’s a truly scary time”
- March 17, 2015
- Posted by: Orkan Ozkan
- Category: News
Hedge fund manager Andy Redleaf warned investors about the last financial crisis…and now he’s warning them again. “I think it is a truly scary time.” Redleaf, who is CEO of $4.2 billion hedge and mutual fund manager Whitebox Advisors, said “I think it is a truly scary time” in an internal memo Sunday obtained by CNBC.com. He
-
This Week in Gold: The dollar flexes its muscles
- March 14, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, the spot price had a high of $1,175.38/oz. on Monday and low of $1,147.97/oz. on Wednesday, and closed the week at a 1% loss. The continually robust U.S. dollar and speculation over the Fed raising interest rates this summer put downward pressure on the yellow metal, but also hurt the stock market –
-
5 reasons now is actually a great time to buy gold
- March 13, 2015
- Posted by: Orkan Ozkan
- Category: Gold
You may not think now is a great time to buy gold due to its recent decline in price. That’s understandable – but what if we told you that right now is actually a great time to buy gold? Don’t get down when gold is down. Here are five reasons why you should buy gold now.
-
Strong dollar, interest rate fears take toll on stocks
- March 11, 2015
- Posted by: Orkan Ozkan
- Category: Currency
“The seventh year of the bull market is off to a rocky start,” wrote the Associated Press on Tuesday. In summary: The Dow lost 333 points, or 1.9%, erasing its 2015 gains in its worst day of the year and biggest drop since October 9. The S&P 500 lost 35 points, or 1.7%, also erasing
-
Time is gold: Apple to release watch containing 18-karat gold
They say time is money, but for Apple, time is gold. The technology giant is set to release a luxury edition of its Apple Watch in late April, called the Apple Watch Edition, that is encased in 18-karat gold. The cost? $10,000, as revealed at the highly anticipated Apple event on Monday. According to the
-
This Week in Gold: A break below $1,200
- March 6, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
If you thought gold was a bargain last week, you now have an opportunity to buy it for even less. Gold began the week at around $1,223/oz. and then settled around $1,200 for the next few days. On Friday morning, however, gold fell to $1,165.70, its biggest drop since December 2013. The drop occurred after data showed the
-
Mining CEO Rob McEwen forecasts $5,000 gold
Rob McEwen, founder of the major gold mine Goldcorp and CEO of McEwen Mining, told investors at the Prospectors & Developers Association of Canada (PDAC) convention on Wednesday that he continues “to believe we’re going to see higher prices in gold.” How much higher? Up to $5,000/oz., he suggested in his presentation. He spoke of the exploding U.S.
How can we help you?
Contact American Bullion with any questions about your Gold IRA and investment strategies. Our agents are ready to help get your started!