Blog
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5 common questions about Gold IRAs
- November 18, 2014
- Posted by: Orkan Ozkan
- Category: Gold IRA
No CommentsAdding physical gold to a retirement account is fairly simple, but prospective clients often have a lot of questions. Having those questions answered in a straightforward way is a great first step toward adding gold to your retirement account, and American Bullion is here to help. Here are five commonly asked questions about Gold IRAs. 1. How does it work? To
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Mining analyst: “Gold will rebound, it always has and always will.”
The Gold Report recently conducted an interview with Thomas Schuster, a geologist and mining analyst. In the interview, Schuster says gold is ready for a comeback as global reserves of the metal become more limited. Below we recap his comments regarding the mining industry and how it may affect gold prices. Can gold rebound? The Gold Report asked
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This Week in Gold: Russia, India, and a look at historical gold prices
- November 14, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we gave you further information on Russia’s recent gold buying spree, looked at historical gold price pullbacks, and delivered some intriguing news about India’s appetite for gold. British cleric, writer, and collector Charles Caleb Colton (1780–1832) once said, “Gold is worshipped in all climates, without a single temple, and by all classes, without
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India regains position as world’s #1 gold consumer
- November 13, 2014
- Posted by: Orkan Ozkan
- Category: News
It is no secret that India loves gold. The consumer gold market makes up a large portion of the country’s economy, as gold adornments and gifts play a vital role in many Indian cultural events. The same is true for China, and in 2013 China surpassed India as the world’s top gold consumer. However, according to
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Gold price pullbacks – a look at history
- November 12, 2014
- Posted by: Orkan Ozkan
- Category: Gold
Gold prices are currently in a pullback, but it is nothing that hasn’t been seen before. The World Gold Council (WGC) pointed out in a report from January 2014 that since the 1970s, gold has had 12 corrections of more than 20%, adding that “After each of those corrections, an interesting pattern has emerged.” Past performance is
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Video: What’s driving Russia’s gold buying spree?
We recently wrote about Russia’s purchase of 1.2 million ounces of gold during the month of September, the country’s largest gold purchase in over 15 years. If you’re wondering what is behind this growing Russian appetite for gold, Newsy has produced a video offering an explanation. What’s driving Russia’s gold buying spree? Highlights from the video: One
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This Week in Gold: Low prices, huge demand
- November 7, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold we saw precious metals, particularly silver, fly off the shelves amid low prices and high demand. The U.S. Mint reported record sales of bullion coins during the month of October, and said on Wednesday that its American Silver Eagle coins are temporarily sold out. We also summarized the World Gold Council’s latest
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More U.S. Mint news: American Silver Eagles temporarily sold out
- November 6, 2014
- Posted by: Orkan Ozkan
- Category: News
The U.S. Mint said on Wednesday that its 2014 American Silver Eagle coins have temporarily sold out amid “tremendous demand in the last several weeks.” As we wrote in yesterday’s blog, the Mint reported record high bullion coin sales during the month of October. This news was not announced to the public, but a spokesperson confirmed that a
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U.S. Mint bullion coin sales surge in October
Demand for U.S. Mint bullion coins surged in October, with silver and gold coin sales at their highest since January 2013 and January 2014 respectively. Gold and silver spot prices have hit lows recently, but apparently this hasn’t hurt retail demand – on the contrary, it appears to have helped. Scott Spitzer, CEO of the coin dealer Manfra, Tordella &
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World Gold Council: 4 reasons gold is a valuable portfolio component
- November 4, 2014
- Posted by: Orkan Ozkan
- Category: Gold
The World Gold Council (WGC), the market development organization for the gold industry, has released its latest edition of Investment Commentary, which looks into relevant economic factors that may influence gold’s performance in the remainder of 2014. Their outlook for the yellow metal is mostly positive. The report begins by stating that as of October 20, the gold price is up 3.4% this year with record low
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