Blog
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SEP IRA vs. 401(k)
- May 7, 2014
- Posted by: Orkan Ozkan
- Category: 401K
No CommentsOut of the available types of retirement accounts, two get asked about frequently by customers: SEP (Simplified Employee Pension) IRAs and 401(k)s. A SEP IRA is considered an alternative to the 401(k) plan. Below we outline the differences between the two and how to convert/roll over each into a gold retirement account. What is a
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Gold Breaks $1300 on Ukraine Concerns
- May 5, 2014
- Posted by: Orkan Ozkan
- Category: News
Today gold broke the $1300/oz resistance level it has been hovering around all year. New developments in the Ukraine conflict sparked safe-haven buying of gold. A street battle occurred in southern Ukraine between supporters and opponents of Russia and at least 42 people were killed. Some of the victims died inside of a burning building.
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This Week in Gold: Mine Strikes, Polls, Inflation, Money Printing
- May 2, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold we got an update on the South Africa platinum mine strikes, discovered what the top financial concerns of everyday Americans are, received advice from a top economist, and learned what actually happens when money is “printed”. The South Africa mining strike saga continues On Monday, we reported that the major platinum
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What Actually Happens When a Government “Prints Money”?
- May 1, 2014
- Posted by: Orkan Ozkan
- Category: Government
In economic discussion, you may often hear that a government is “printing money” and then picture sheets of hundred dollar bills coming off a printing press. However, most often this is not what actually takes place when a government adds to the monetary supply. Money creation in modern economies usually involves creating money that is not physical. Central
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Chief Economist and Strategist Recommends Gold as Inflation Hedge
- April 30, 2014
- Posted by: Orkan Ozkan
- Category: News
Dave Rosenberg, chief economist and strategist at Gluskin Sheff and Associates – one of Canada’s most renowned wealth management firms – thinks you should have gold in your investment portfolio, and here’s why. Rosenberg, speaking with Kitco News, believes inflation will rise in the near future due to worldwide central banks such as the Federal Reserve
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What Is the Top Financial Concern of Everyday Americans?
- April 29, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
What are the top financial concerns of everyday Americans? A recent poll by Gallup answers this question and may be surprising to some. In Gallup’s annual Economy and Personal Finance poll conducted April 3-6 of this year, participants were asked how concerned they were about nine different financial matters on a scale of “very worried,”
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Are the South African Platinum Mine Strikes Nearing an End?
- April 28, 2014
- Posted by: Orkan Ozkan
- Category: News
This year we have seen palladium prices soar as mine strikes and the tensions between Ukraine and Russia have threatened supply. The area in which these mine strikes are occurring – the so-called “platinum belt” – is located in South Africa, the largest producer of platinum in the world. The strike, which began on January
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This Week in Gold: Mining Mergers, Retirement Pointers, Market Rallies
- April 25, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we learned of a possible merger between two major gold mines and what that could mean for gold prices, took note of nine ways to get the most out of your retirement plan, found out that only one U.S. state has legalized gold as payment for debt and taxes, and saw
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U.S. Dollar Rally and High Tech Stocks Hold Back Gold’s Rise
- April 24, 2014
- Posted by: Orkan Ozkan
- Category: News
After a rally among equities and the U.S. dollar as a response to positive economic data, gold has dipped to a two-and-a-half week low on Thursday, April 24. Additionally, tech industry stocks have made a strong rebound causing the safe-haven appeal of gold to lose some of its luster – at least for now. Silver has
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Oklahoma Votes to Allow Payment of Debt and Taxes with Gold
- April 23, 2014
- Posted by: Orkan Ozkan
- Category: News
Certain precious metals like gold and silver have long been considered form of currency, but did you know that until recently, no states had this written into law? Last week, Oklahoma Senate bill 862 was passed by a 74-12 vote, reaffirming gold and silver as legal tender for payment of debt and taxes. The bill
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