Gold

Have you thought about your precious metal depository? Many investors don’t think twice about this, but it can make a big difference in the overall affordability, management, and security of your investments. If you open a precious metals IRA, the IRS will not allow you to maintain your gold yourself. In fact, if you touch

Investing in precious metals may be one of the most important and smartest decisions you will ever make for your retirement plan. Precious metals, such as gold, silver and platinum, offer security that traditional dollars and cents lack. Look at the traditional financial markets today. Buying and selling stocks and ownership of companies is risky,

Reports indicate that China is the second largest purchaser of gold. Over the last six years, the country has amassed a wealth of gold and, according to most analysts and traders, the country will continue to do so well into the future. The People’s Bank of China stated that the country owns 1658 metric tons

When it comes to the color and composition of its products, Apple has an affinity for gold. The company has released gold-colored iPhones, iPads, and MacBooks, and even produced a luxury Apple Watch containing 18-karat gold. What is behind this obsession? Mashable wrote in April: Many years have passed since the iMac was Apple’s flagship product, but the company’s

Alan Greenspan, chairman of the Federal Reserve from 1987-2006, has long been vocal in his thoughts about gold. Here are eight of his impassioned comments on gold. From Greenspan’s famous 1966 essay, “Gold and Economic Freedom” 1) “Gold, having both artistic and functional uses and being relatively scarce, has significant advantages over all other media

As we mentioned in Part II of this post, the gold standard is controversial. Although it’s been called a “barbarous relic”, some notable politicians, public figures, and voters have voiced their support or opposition to the gold standard, and to this day the debate continues. In the final part of this post, let’s review why the

In Part I of this post, we explained what a gold standard is, its history, and the history of its use in the United States. A gold standard is a monetary system in which the value of currency is defined in terms of gold, or currency is “backed by gold”. In Part II, we discuss the reasoning

Gold is believed to be the world’s oldest currency, with its earliest use as currency dating back to 643 BCE. Although gold is still considered a currency in its own right and a store of value, over the years it has been largely replaced by fiat currencies or “paper money” like the U.S. dollar as the primary means

How does the world stack up when it comes to gold? Due to the varying uses and purposes of gold, there are multiple ways to answer that question. American Bullion answered it in the form of four infographics. Each infographic was shared in its own blog post. Now, take a look at all four as

As we pointed out in our previous infographic on which countries hold the most gold, most of the world’s central banks keep physical gold in their reserves. Some central banks hold more gold than others, and some are adding more at a faster pace than others. Our new infographic shows you which central banks added significant