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  • Dow Falls on Worries about Global Growth

    • October 2, 2014
    • Category: News

    U.S. stocks fell to their lowest levels since mid-August on Wednesday, as the Dow Jones Industrial Average lost 235 points, or 1.4%, the S&P 500 lost 27 points, or 1.4%, and the Nasdaq Composite Index lost 77 points, or 1.7%. Gold futures gained 0.3% to $1,214.60 an ounce. Stocks began to decline later in the day after

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  • Infographic: “Then vs. Now: What Does $1 Buy You?”

    • September 29, 2014
    • Category: Currency

    Mashable has created an infographic depicting how much $1 would buy you in the past as compared to what it can buy you in 2014. The introduction reminds us that “The dollar ain’t quite what it used to be.” For example, $1 in 1913 could be used to purchase 4 lbs. of sirloin steak, while today $1 can only

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  • This Week in Gold: Royal Mint, Fed Basics, Stock Market Woes

    This week in gold, the UK’s Royal Mint opened its doors to members of the public looking to own gold, we answered basic questions regarding the U.S. Federal Reserve, and the stock market experienced a tumble that concerned some experts. As market watchers anticipate the end of the third quarter and some gold-heavy holidays coming up in

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  • Stocks Tumble, Some Experts Warning of Correction

    • September 25, 2014
    • Category: News

    The S&P 500, Dow Jones Industrial Average, and Nasdaq all tumbled on Thursday at close, making it the worst day of performance for all three indexes since July 31. Tech giant Apple announced on late Wednesday that its latest software update contained a glitch that was preventing users from making phone calls, and subsequently its

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  • What is the Federal Reserve? Basic Questions Answered

    • September 24, 2014
    • Category: Government

    A central bank, according to a basic Google search, is: “a national bank that provides financial and banking services for its country’s government and commercial banking system, as well as implementing the government’s monetary policy and issuing currency”. The United States’ central bank is called the Federal Reserve, nicknamed “The Fed”. What is the history

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  • UK’s Royal Mint Encouraging Public to Become Gold Investors

    • September 23, 2014
    • Category: News

    The Royal Mint, the official government mint of the United Kingdom, has launched a new website selling gold and silver bullion coins in aim to make it easier for members of the public to invest in gold. The website, royalmintbullion.com, is meant to offer “relatively affordable” precious metals struck by the Royal Mint to everyday investors. Prices are

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  • This Week in Gold: Interest Rates, Fed Meeting, Scotland Decides

    This week in gold, we saw a few interesting events unfold that each had an influence on gold, such as the latest Federal Reserve statement and the Scottish independence referendum. We also took a look at gold’s controversial relationship with interest rates and how the world’s nations rank in terms of gold holdings and production. With

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  • Gold Feeling Effects of Fed Meeting and Scotland’s Independence Vote

    • September 18, 2014
    • Category: Government

    Gold fell and then stabilized on Wednesday afternoon as the Federal Reserve released a policy statement upholding its plans to keep interest rates near zero for a “considerable time” (read the full statement here). Around 2:53 p.m. EDT, gold for December delivery fell by $3.90 to $1,232.80 an ounce on the Comex. It finished the session at $1,235.90, which

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  • Gold: How the World Stacks Up

    • September 17, 2014
    • Category: Gold

    Ever wondered which countries hold the most gold? What about gold production? And why is this important? Read on to find out. Countries and Organizations Ranked by Gold Holdings The International Monetary Fund maintains records of national assets reported by various countries, which the World Gold Council (WGC) then uses to determine and rank the official

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  • Gold and Interest Rates: What You Need to Know

    • September 16, 2014
    • Category: Gold

    As Monday’s blog pointed out, gold bugs are currently juggling multiple economic and geopolitical indicators that are affecting the gold price, one of them being U.S. interest rates. The Federal Reserve is meeting on Tuesday-Wednesday of this week and is expected to announce a raise in short-term interest rates, which have been at near-zero levels since

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