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The Federal Reserve has released its final policy statement of 2014 declaring it “can be patient” on the issue of raising interest rates for the first time since 2008. The full statement can be read here. In its last few statements, including this latest one, the Federal Open Market Committee asserts that interest rates will likely remain near zero

Many people drop spare pennies or nickels into Salvation Army buckets around the holidays. Some others drop pure gold coins. Last Friday in Portland, Oregon, the Salvation Army found a 1-oz. Canadian Gold Maple Leaf coin in one of its donation kettles. The spot price of one ounce of gold is currently around $1,200. This is the

Peter Schiff, a well-known American entrepreneur, author, and financial commentator, recently spoke on RT’s Boom Bust about the U.S. economy, oil prices, the Swiss gold referendum, the numerous uses of gold, and more. Seeking Alpha has provided a partial transcript of the interview, which we have outlined for you below. On the latest U.S. jobs figures The latest ADP

Remember the Swiss gold referendum? The voters have spoken, and on November 30 they decided against requiring the Swiss National Bank to hold 20% of its assets in gold. The initiative garnered worldwide attention in the markets and the media, as investors and analysts grappled with its potential implications. After news broke that it had not passed, gold

Could gold be hitting a bottom? An increasing number of analysts think so. According to Barron’s, “Gold bulls are coming out of the woodwork as prices for the yellow metal rebound off four-and-a-half-year lows.” To those who are new to investing, the term “hitting a bottom” may sound like a bad thing, but in the

We recently wrote about Russia’s purchase of 1.2 million ounces of gold during the month of September, the country’s largest gold purchase in over 15 years. If you’re wondering what is behind this growing Russian appetite for gold, Newsy has produced a video offering an explanation. What’s driving Russia’s gold buying spree? Highlights from the video: One