Blog
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World Gold Council releases report on 2014 demand and trends
- February 12, 2015
- Posted by: Orkan Ozkan
- Category: News
1 CommentThe World Gold Council (WGC), the market development organization for the gold industry, has released the latest issue of its Gold Demand Trends quarterly publication. The report contains some eye-opening facts and statistics regarding gold investment demand, central bank buying, and production and supply in 2014. We’ve summarized what we believe are the most relevant points below. 2014 Demand
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Swiss bank: Gold “coming back into favor with investors”
- February 11, 2015
- Posted by: Orkan Ozkan
- Category: News
Swiss bank and wealth manager Vontobel Holding AG is reporting that investors are buying more gold as an alternative to Swiss francs. The Swiss National Bank (SNB) imposed a 0.75% negative interest rate on some deposits as of January 22 – an increase in charges on banks that use the SNB as a custodian for Swiss franc deposits.
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Don’t buy gold if it’s not for you!
- February 10, 2015
- Posted by: Orkan Ozkan
- Category: Gold
Many of American Bullion’s clients don’t just want to know about buying gold, they want to know if it’s right for them in particular. As individuals vary in their financial situations, needs, and goals, investing in gold isn’t for everyone. Since precious metals are an unfamiliar investment to many, that question can be difficult to answer without the help of someone
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American Bullion Awards 10 Scholarships in Annual Scholarship Program
- February 10, 2015
- Posted by: Orkan Ozkan
- Category: American Bullion Scholarship
LOS ANGELES, CA–(Marketwired – Feb 10, 2015) – American Bullion, Inc., a precious metals brokerage firm specializing in adding physical gold to individual retirement accounts (known as a “Gold IRA”), awarded 10 scholarships in its first annual Scholarship Program. Five high school scholarships worth $250 each, and five college scholarships worth $500 each were given.
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Worried Greek investors turning to gold as safe haven asset
The U.K. Royal Mint is reporting increased demand for gold coins among Greek investors, as political and economic turmoil in the country has many seeking a safe haven. Bloomberg also reports that the gold spot price in euros has risen 12% this year. “There has been a noticeable increase in demand in this last quarter,”
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This Week in Gold: Congrats to our scholarship winners!
- February 6, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we shared the news that in January gold had its biggest monthly gain in three years, announced the winners in the first annual American Bullion Scholarship Program, and contemplated whether the world is at war…a currency war, that is. See below for your weekly recap. Gold climbed 8% in January – biggest monthly
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Are we in the midst of a global “Currency War”?
A significant number of analysts, journalists, and even government officials believe the world is currently at war…but not in the way you may think. They’re referring to a “currency war” – one that is being called a “lose-lose” and a “global race to the bottom”. So what is a currency war, are we in one, and how can
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First Annual American Bullion Scholarship Winners Announced!
- February 4, 2015
- Posted by: Orkan Ozkan
- Category: American Bullion Scholarship
American Bullion is proud to announce the winners in our first annual Scholarship Program! Five high school scholarships worth $250 each, and five college scholarships worth $500 each were awarded. Over 900 applications were received in total. Applicants were asked to write an essay answering the prompt “Why is gold a good investment for future
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Gold climbed 8% in January – biggest monthly gain in 3 years
- February 2, 2015
- Posted by: Orkan Ozkan
- Category: News
Gold rebounded on Friday after the Commerce Department released weaker-than-expected U.S. economic data, ending the month of January at an 8% gain on the Comex – its biggest monthly gain in three years. The data showed that the U.S. economy expanded 2.6% during Q4 2014, below the 5% growth posted in Q3 and the 3.2% economists expected. Investors sought gold as a
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This Week in Gold: Learning from Turkey and Russia
- January 30, 2015
- Posted by: Orkan Ozkan
- Category: This Week in Gold
“It is both painful and funny to see Russians repeating the same mistake again and again.” That mistake is turning to foreign currencies as a hedge against crisis instead of physical gold, according to Russian coin dealer Dmitriy Balkovskiy. In an article for Casey Research which we outlined in Monday’s blog, Balkovskiy recalls incidents he witnessed on December 16, 2014
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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!