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  • 5 Reasons for Gold’s Recent Fall in Price

    • September 15, 2014
    • Category: Gold

    It is well-known that gold has an inverse relationship with the economy. When the economy is doing well, gold prices tend to fall, and vice versa. This is why gold is oftentimes used as a “rainy day” investment, meant to serve as a safe haven for when the economy takes a downturn. The state of

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  • This Week in Gold: U.S. Mint Facts, Mining News, Golden Opportunities

    This week in gold we gave you a guide to the United States Mint, covered an interesting development in the gold mining industry, and explained why gold is currently presenting a unique buying opportunity. If you’ve been thinking about investing in gold for a while but prefer a lower buy-in price, now may be the time to finally

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  • Gold Falls to 7 1/2-Month Low

    • September 11, 2014
    • Category: News

    Facing a strong dollar, easing tensions in Ukraine, low inflation, and a possible Fed interest rate hike, gold fell to a 7 1/2-month low on Thursday. Gold for December delivery fell 0.7% to $1,237.10 an ounce by 11:44 a.m. EST on the Comex – its lowest price since January 2014. Silver is also struggling, now at

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  • Goldcorp CEO Chuck Jeannes: Mining Has Reached “Peak Gold”

    • September 9, 2014
    • Category: News

    Chuck Jeannes, CEO of Goldcorp, the world’s largest gold mining company by market capitalization, told the Wall Street Journal that miners have reached “peak gold” – a point where production has hit a high and easily-mined gold deposits are becoming harder to find. What might this mean for gold? Jeannes said a tumble in supply will help the gold

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  • Your Guide to the United States Mint

    • September 8, 2014
    • Category: Coins

    Article I, Section 8 of the U.S. Constitution states: “The Congress shall have the Power…To Coin Money.” From that statement came the United States Mint, the government body responsible for producing official U.S. coinage. But how exactly did the Mint come about? Who established it? What specifically does it do, and where? Read on to find out.

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  • This Week in Gold: Mixed Economic Cues

    Gold was pulled in many different directions this week, facing economic cues such as the strength of the U.S. dollar, the European Central Bank’s latest activities, and a new jobs report. While gold is facing volatility, it’s important to remember that gold functions best as an asset you purchase and then leave alone for several years, knowing that

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  • Gold Higher on U.S. Jobs Data, ECB Making Moves, Dollar Still Strong

    • September 5, 2014
    • Category: News

    Gold for December delivery traded higher on Friday morning by 0.3% at $1,270.20 an ounce, up from $1,264 before the latest U.S. jobs data was released by the Labor Department at 8:30 a.m. EDT. Gold is being pushed in many different directions by economic cues such as a stronger U.S. dollar and the European Central Bank adopting a looser monetary policy. Here are the

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  • Seasonal Demand: Why is September Important for Gold?

    • September 3, 2014
    • Category: Gold

    September has historically been a good month for gold. Why is this? Gold is not a food crop, it doesn’t have seasons…or does it? Gold has strong cultural value as well as monetary use. It was first valued for its luster and aesthetic beauty when it was discovered over 5,000 years ago. This still holds true across

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  • U.S. Dollar Rallies, Gold and Palladium Fall

    • September 2, 2014
    • Category: News

    Gold and palladium prices fell on Tuesday as a stronger U.S. dollar offset geopolitical tensions in Ukraine. Gold for December delivery was down $19.20, or 1.5%, at $1,268.20 an ounce on the Comex – its lowest level since June 18. Palladium for December delivery was down $21.95, or 2.4%, at $887.60 an ounce on the Nymex.

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  • This Week in Gold: Indian Demand, Gold Reserves, Rocky, Baby Boomers

    This week in gold, American Bullion covered these four stories: Despite Gold Lows, Indian Demand High Ahead of Religious Festival Central Banks Increasing Gold Holdings CNBC Article: Gold is “kind of like the Rocky Balboa right now”  USA Today: Baby Boomer Retirees Face Big Money, Big Decisions The themes of this week’s stories were gold’s cultural importance, resilience

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