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More U.S. Mint news: American Silver Eagles temporarily sold out
- November 6, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsThe U.S. Mint said on Wednesday that its 2014 American Silver Eagle coins have temporarily sold out amid “tremendous demand in the last several weeks.” As we wrote in yesterday’s blog, the Mint reported record high bullion coin sales during the month of October. This news was not announced to the public, but a spokesperson confirmed that a
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U.S. Mint bullion coin sales surge in October
Demand for U.S. Mint bullion coins surged in October, with silver and gold coin sales at their highest since January 2013 and January 2014 respectively. Gold and silver spot prices have hit lows recently, but apparently this hasn’t hurt retail demand – on the contrary, it appears to have helped. Scott Spitzer, CEO of the coin dealer Manfra, Tordella &
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Gold and silver hit lowest prices in 4 years
- October 31, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold and silver hit their lowest prices since 2010 on Friday amid a strong dollar and the Federal Reserve’s termination of its quantitative easing (QE) program. The U.S. dollar strengthened against the Japanese yen after the Bank of Japan announced it would increase its stimulus spending. Jeffrey Sica of Sica Wealth Management said “The main reason for gold’s fall is
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Fed ends quantitative easing program, Alan Greenspan praises gold?
- October 29, 2014
- Posted by: Orkan Ozkan
- Category: News
The Federal Reserve concluded its monthly meeting today, in which it decided to end its quantitative easing (QE) program and continue to keep interest rates low for a “considerable time”. These announcements were in line with analyst expectations. You can see the full official statement here. The Fed’s QE program, introduced in 2008, involved the central bank
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Ron Paul: Swiss gold referendum is a “healthy conversation”
- October 27, 2014
- Posted by: Orkan Ozkan
- Category: News
Former U.S. congressman Ron Paul believes the Swiss gold referendum – an upcoming vote on whether Switzerland’s central bank should increase its gold reserves to 20% – is a “healthy conversation” on the role of central banks. The vote is set to take place on November 30. Paul is known to be a strong supporter
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Russia makes largest gold purchase in over 15 years
The Russian central bank has made headlines by purchasing a staggering 1.2 million ounces of gold in September, the country’s largest gold purchase in over 15 years. Analysts are noting that this could have a huge impact on global demand for gold, and that Russia may be attempting to send a message by publicly announcing such a large
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Swiss gold referendum reflects increasing appetite for yellow metal
- October 22, 2014
- Posted by: Orkan Ozkan
- Category: News
Have you been hearing about the Swiss gold referendum and are wondering what it’s all about? On November 30, the people of Switzerland will be casting an important vote on whether the Swiss National Bank (SNB), the country’s central bank, should be required to increase and hold onto its gold bullion reserves. What’s behind this vote, and what might be
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India’s festive love affair with gold shines as Diwali holiday begins
- October 21, 2014
- Posted by: Orkan Ozkan
- Category: News
The ancient Hindu festival of Diwali, also known as Deepavali or the “Festival of Lights”, began on Tuesday and has sparked a gold buying rebound in India. Dhanteras, the first day of the five-day festival, is a major shopping day for gold and silver items. In terms of consumer purchases, Diwali is considered the Indian equivalent
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Bloomberg: Gold Bulls Lured Back for First Time in Two Months
- October 20, 2014
- Posted by: Orkan Ozkan
- Category: News
Bloomberg reports that speculators are turning bullish on gold for the first time in nine weeks as concerns over global economic growth and the recent downturn in equities are pushing more investors towards gold. Global shares lost a staggering $3.2 trillion in value this month as the International Monetary Fund (IMF) cut its outlook for global growth
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Gold reaches 1-month high as stocks continue decline
- October 15, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold for December delivery rose 0.7% to $1,243 an ounce by 11:29 a.m. EST on the Comex, the third straight gain and the longest rally for gold since August 14. Meanwhile, the stock market has largely erased its 2014 gains amidst investor concerns over global economic growth, corporate earnings, and the Ebola virus. The Dow, S&P,
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