-
New IRA Rollover Rules – How Will They Affect You?
- April 9, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsAs those interested in a Gold IRA should know, a “rollover” is when money is withdrawn from a retirement plan such as a 401(k) and contributed to an IRA within 60 days – a 100% tax-free transaction. But are there limits on this? The United States Tax Court recently ruled that taxpayers may only do one
-
Gold Steady After U.S. Jobs Data Fails to Meet Expectations
- April 8, 2014
- Posted by: Orkan Ozkan
- Category: News
U.S. jobs data released on Friday showed that non-farm jobs increased by 192,000 in the month of March. Most economists expected this number to be around 200,000. Investors had been concerned that after mostly positive economic news as of late, even more positive data would come out and the Fed would raise the U.S. interest
-
What March’s Dip May Mean for April Gold Values
- April 4, 2014
- Posted by: Orkan Ozkan
- Category: News
So far this month, gold prices hit a seven-week low as U.S. jobs data was somewhat positive. As has been mentioned on this site, precious metal buying tends to be seasonal. Additionally, Louis James of Casey Research warns that “March has been, on average, the worst-performing month for gold,” based on 40 years’ worth of
-
New American Platinum Eagle Coins Sell Out
- April 3, 2014
- Posted by: Orkan Ozkan
- Category: News
While gold prices have reached nearly a 7-week low amidst positive U.S. jobs data, on March 10, the U.S. Mint re-launched the American Platinum Eagle coin and sold 10,000 ounces of them in just three weeks. Also in March, platinum prices went up by about 1% while gold’s price fell by 3%. The Platinum American
-
What the Dow’s New Record High Means for Gold
- April 1, 2014
- Posted by: Orkan Ozkan
- Category: News
Wondering if now is a good time to invest in precious metals? Yesterday, the Dow Jones Industrial Average jumped to a record Tuesday, finally surpassing its previous high set in 2007. It took 17 months to plunge from its 2007 high to its 2009 low, however it took four years to recoup its losses and finally
-
Gold’s Recent Lull and the Big Picture
- March 28, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold dropped below the $1,300 per ounce mark this week, down more than $30 per ounce from the close of last week. It’s important to note the reasons for this lull which includes the recent signs of U.S. economic growth as well as the subsiding turmoil over the Crimea region. While these are short term
-
A Rough Week for Gold, But Still Up 11% in 2014
- March 21, 2014
- Posted by: Orkan Ozkan
- Category: News
Monday gold saw a 6-month high of just over $1,390 per ounce. As the week continued on, however, gold lost about 3% of its value. Tensions in Ukraine have cooled down recently which has also brought gold down. Furthermore, comments from the Federal Reserve this week had an adverse effect on the yellow metal. These
-
2 Reasons Gold May Reach $1,400 per Ounce
- March 14, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold has come a long way this year. Almost every week since the start of the new year gold has managed to post an overall gain. Now the yellow metal is up 14% for the year and shows little sign of slowing down. The recent turmoil in Crimea has now caused gold to rise near
-
Issues Overseas Cause Gold to Rise
- March 7, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold prices are up about 11% this year and show little sign of slowing down. This week has been another profitable one for the yellow metal as geo-political issues are heating up overseas. It seems the situation in Ukraine is nearing a boiling point, which has investors eager to protect their wealth with safe haven
-
What China’s Economy Means for Future Gold Values
- March 7, 2014
- Posted by: Orkan Ozkan
- Category: News
Recent data published by the World Gold Council (WGC) once again undermined the fears of gold naysayers, who point to the threat of a Chinese economic collapse, or even pronounced recession, as a major risk to owning the precious metal. In February, the WGC announced that Chinese consumer demand for gold jumped 32% in 2013,
How can we help you?
Contact American Bullion with any questions about your Gold IRA and investment strategies. Our agents are ready to help get your started!