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Concerned Greek investors put their money in gold
- June 30, 2015
- Posted by: Orkan Ozkan
- Category: Government
No CommentsGreeks wanting to secure their money in recent months before a potential bank shutdown, which indeed occurred on Monday, chose to put their money into – you guessed it – gold. The Wall Street Journal wrote: Spooked by the country’s escalating debt crisis, Greeks yanked billions of deposits out of the country’s banks in recent months until the
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4 important takeaways from Yellen’s testimony before Congress
- February 25, 2015
- Posted by: Orkan Ozkan
- Category: Government
Federal Reserve Chair Janet Yellen completed her semiannual report to Congress on Wednesday, testifying before the House Financial Services Committee and the Senate Banking Committee. Here are four important takeaways from her testimony, and what it has to do with gold. 1. Yellen is happy with the recent economic growth – but sees room for improvement On economic
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Inflation gone wild: The 5 most extreme cases of hyperinflation
- January 23, 2015
- Posted by: Orkan Ozkan
- Category: Government
Would you believe that at one point in Hungary’s history, prices of goods could double in just 15 hours? Or that in 1923 Germany a loaf of bread cost 200 billion marks? Or that Zimbabwe’s former currency has been printed in denominations as high as 100 trillion? These are real-life historical examples of hyperinflation –
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Another Greek crisis? Turmoil in Europe spurs gold demand
- January 5, 2015
- Posted by: Orkan Ozkan
- Category: Government
Thought the worst was over for Greece? Well…perhaps not. Since early 2010 the country has been going through a government debt crisis dubbed the “Greek Depression”, triggered by the United States’ Great Recession and part of the ongoing European debt crisis. Now, Greece is undergoing a political crisis as well and debating its membership in the European
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What is the Federal Reserve? Basic Questions Answered
- September 24, 2014
- Posted by: Orkan Ozkan
- 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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Gold Feeling Effects of Fed Meeting and Scotland’s Independence Vote
- September 18, 2014
- Posted by: Orkan Ozkan
- 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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Mixed Sentiments in Latest Federal Reserve Meeting Minutes
- August 21, 2014
- Posted by: Orkan Ozkan
- Category: Government
Minutes from the U.S. Federal Reserve’s late-July policy meeting released on Thursday were mixed in terms of a possible earlier interest rate hike. Market reactions were mixed as well, as gold fell to a two-week low, bond yields dipped, and stocks and the U.S. dollar fell at first but then rallied. “The hawkish voices within the Fed have become louder. While
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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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The U.S. Debt Limit in 4 Minutes
- April 1, 2014
- Posted by: Orkan Ozkan
- Category: Government
Our precious metals specialists are often asked about the U.S. debt limit and what it means for individuals looking to invest in gold. The first step in understanding the debt limit is to review our government’s role in reducing or increasing the amount. The Debt Limit Explained The Effects of the Debt Limit The debt ceiling is a limit
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The Dangers of an All-Powerful Federal Reserve
- October 4, 2013
- Posted by: Orkan Ozkan
- Category: Government
We came across an interesting infographic today discussing the dangers of an all-powerful federal reserve. The infographic discusses the consumer price index, fiat money, quantitative easing and the process for who really pays for government loans. Many individuals believe owning physical gold provides safety and security against the declining value of the dollar. If you’d
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