Blog
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Federal Reserve Releases Statement after Latest Meeting
- July 31, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsThe Federal Reserve completed its two-day meeting on Wednesday and announced that it will continue to taper off its bond-buying program (also known as Quantitative Easing or QE), citing an improving U.S. economy. The plan to end the program completely in October still stands. The Fed’s Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities reads as follows:
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Gold Investors Weigh Latest U.S. Economic Data Against Geopolitics
- July 30, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold fell from a one-week high on Tuesday but was little changed on Wednesday morning as investors are weighing signs of an improving U.S. economy against geopolitical tensions in Russia/Ukraine and the Middle East. The Federal Reserve concludes their two-day meeting on Wednesday, and data is expected to show that the economy rebounded last quarter.
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What to Watch for at This Week’s Federal Reserve Meeting
- July 29, 2014
- Posted by: Orkan Ozkan
- Category: News
It’s a big week for United States economic data, with the Federal Open Market Committee (FOMC)Â meeting on Tuesday-Wednesday, second quarter GDP figures being released on Wednesday, and employment data coming out on Friday. Markets are already reacting, with the 24-hour gold spot price reaching a one-week high of $1,312 per ounce early Tuesday morning, and
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Gold in 2014: Where Might it Go from Here?
- July 28, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold has certainly seen its ups and downs so far in 2014, and no one has a crystal ball to look into the future and predict its next direction. However, in an article titled “At the Crossroads: Gold in 2014” from the February/March issue of American Hard Assets magazine, author Mike Getlin points out that “Though 2014 may
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This Week in Gold: Platinum Mining, Gold Optimism, Inflation, Savings
- July 25, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold was comprised of news on platinum mining, gold optimism, inflation, and retirement saving rates. Each news item served as a reminder that it is always a good time to consider owning gold and other precious metals to protect your wealth, no matter what may be happening in the world. World’s largest platinum
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Americans Saving for Retirement at Record High Levels
- July 24, 2014
- Posted by: Orkan Ozkan
- Category: News
Data released by Fidelity Investments on Wednesday showed a surprising new fact: investors holding an individual retirement account at Fidelity contributed an average of $4,150 in 2013, a record high level up 5.7% from 2012. The average account balance among the 7 million IRAs held at Fidelity also rose by 10%. Perhaps most surprisingly, contributions
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Consumer Price Index Rose in June, Inflation Creeping Up
- July 23, 2014
- Posted by: Orkan Ozkan
- Category: News
According to data released by the U.S. Bureau of Labor Statistics on Tuesday, if you’ve noticed you’re spending more on everyday necessities such as food, shelter, clothing, and gas, you are correct. The Consumer Price Index (CPI), which measures the costs of consumer goods and services purchased by households and is arguably the best measure of inflation, increased
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Bank of America Merrill Lynch Says the Worst for Gold May be Over
- July 22, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold may have lost 2.1% last week, but Bank of America Merrill Lynch is assuring investors that the worst may be over for the yellow metal. Metals strategist Michael Widmer noted to his clients on Monday that gold prices have stabilized this year due to steady demand from emerging international markets such as China and India. Remember
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Self-Directed IRA Infographic
- July 21, 2014
- Posted by: Orkan Ozkan
- Category: IRA
Blog Search Useful Information What is an IRA? Gold IRA Silver IRA Platinum IRA Palladium IRA Roth IRA Self Directed IRA Silver Bullion 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! contact us -
World’s Biggest Platinum Producer to Sell Some of its S. Africa Mines
- July 21, 2014
- Posted by: Orkan Ozkan
- Category: Platinum
Anglo American Platinum Ltd. (also referred to as “Amplat”), the world’s largest platinum producer accounting for 38% of annual worldwide supply, has announced on Monday that it will be selling some of its South African mines. The company is struggling with the after-effects of the five-month-long platinum mine strike in South Africa, which just ended
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!