-
Money Managers and Hedge Funds Hike Gold Wagers
- March 3, 2014
- Posted by: Orkan Ozkan
- Category: News
No CommentsMoney managers and hedge funds boosted bullish gold wagers to a three month high in February as demand for safe haven assets grew. Fueling interest in gold among smart money players are: A string of soft data that hints at a slowing U.S. economy Melting emerging markets Geopolitical turmoil in Ukraine, Turkey and Argentina Bargain
-
2013 Gold Trends from the World Gold Council
- March 2, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold seemed to fizzle out at the end of 2013, with the Federal Reserve cutting back $10 billion on its bond purchases and a 28% annual drop in gold prices. These factors led many to question gold’s future as a desirable, physical asset that carries value and preserves wealth. However, demand is essential to the
-
3 Reasons Gold Could Overtake $1,600 an Ounce
- February 28, 2014
- Posted by: Orkan Ozkan
- Category: News
There has been buzz in the media that the price of gold may have been subject to manipulation in the past decade or more. This price fixing however seems to be inconsequential to David Lutz, leading strategist for Stifel Nicolaus, who recently stated “I can easily see us overtaking $1,600 an ounce.” Here is a
-
3 Countries That Are Affecting the Gold Price
- February 24, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold started the week around $1,330 per ounce and is up about 9% for the year. It saw gains and losses through mid-week and is now set to level out right where it started on Monday. While fluctuating gold prices may strike fear into some, keep in mind that countries like the United States, China,
-
Debt Ceiling Suspended to $17.2 Trillion
- February 13, 2014
- Posted by: Orkan Ozkan
- Category: News
The debt ceiling was suspended on Wednesday to $17.2 trillion by a 67-31 vote by the Senate that will stay in effect until March 15, 2015. The previous debt ceiling suspension expired in early February, forcing lawmakers to take action. The debt ceiling was ultimately suspended to keep the government from running out of funding
-
Gold Starts Strong in February
- February 10, 2014
- Posted by: Orkan Ozkan
- Category: News
February has shown some light on gold with its value rising early in the month from $1,250 per ounce to $1,275 today. This streak is considerably better than the tail end of January, when prices had slumped to almost $1,240 per ounce. Here’s a look at some factors that may be contributing to gold’s February
-
Gold Gains on Weak Jobs Data
- January 11, 2014
- Posted by: Orkan Ozkan
- Category: News
Gold is on track to post its second week of gains since the New Year. A recent lull in US job data has given gold yet another boost, due to worries of the Federal Reserve making a preemptive call to begin tapering. Here are some of the top items this week affecting the gold market.
-
Fed Tapering and Gold in 2014
- December 20, 2013
- Posted by: Orkan Ozkan
- Category: News
This was a historical week for gold. The Federal Reserve finally decided to begin tapering the economic stimulus program. Gold values took a hit after this announcement, but will investors see a turnaround from gold in 2014? The Call for Tapering Wednesday marked the day the Federal Reserve finally chose to pull back from the
-
Bloomberg: Why London’s Gold Vaults Are Empty
- December 20, 2013
- Posted by: Orkan Ozkan
- Category: News
Bloomberg’s Kenneth Hoffman reported on what to watch in the precious metals market in 2014. He spoke to Mark Barton and Anna Edwards on Bloomberg Television’s Countdown about what is actually happening to gold supplies. Kenneth comments that “You could go into a vault in London a couple of years ago and they would be
-
First US Mint Bullion Dealer to Accept Bitcoin for Physical Gold
- December 19, 2013
- Posted by: Orkan Ozkan
- Category: News
American Bullion, the leading authority for adding physical gold and silver to individual retirement accounts, announced today that they will accept Bitcoin as a form of payment for individuals looking to purchase physical gold and silver coins or bars. This announcement makes American Bullion the first nationally-listed U.S. Mint dealer to accept Bitcoin. “With its
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!