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U.S. Treasury Secretary Taps Federal Retiree Pension Fund to Avoid Default
- May 29, 2013
- Posted by: Orkan Ozkan
- Category: News
No CommentsIs your retirement safe? Many federal employees are starting to wonder. This week, Treasury Secretary Jacob Lew said he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said
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Slowed China Production and Ben Bernanke
- May 24, 2013
- Posted by: Orkan Ozkan
- Category: News
Gold prices shifted up and down this week due to various market factors. Overall gold started to stabilize in the past couple days around $1,390 per ounce. Here is a look at two recent stories that may shape the future of gold in the coming weeks. Production in China Slows Gold prices had help breaking
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Gold Takes Overnight Dip, Platinum and Palladium Outperform
- May 15, 2013
- Posted by: Orkan Ozkan
- Category: News
Physical demand for gold was slowing down throughout the Asia Pacific region this week and precious metals prices became vulnerable to another downside move which took place overnight. As a quiet trading day in Asia was coming to a close, gold came under pressure, and when it failed to hold $1,420.00, sell stops were triggered
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Gold as Legal Tender, Increased Chinese Demand, and Automatic IRAs
- May 2, 2013
- Posted by: Orkan Ozkan
- Category: News
The latter half of April was undoubtedly a historical two weeks for gold. As the start of May approaches there have been a few interesting stories come to light around the topic of precious metals. Here is quick overview of what happened this week in Gold. Arizona Pushes to Make Gold Legal Tender The Republican-led
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U.S. Mint Sales of Gold Coins Jump to Highest in Three Years
- May 1, 2013
- Posted by: Orkan Ozkan
- Category: News
American Bullion was recently featured in a Bloomberg article focused on the recent jump in U.S. Mint Gold coin sales. The story highlights the fact that gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months. April sales totaled
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U.S. Mint Suspends 1/10-oz. Gold Eagle Coins after Gold Sales Increase
- April 23, 2013
- Posted by: Orkan Ozkan
- Category: News
Today, Reuters reported that the U.S. Mint has temporarily suspended sales of its one-tenth ounce American Eagle gold bullion coins after surging demand ran down government inventories. “While the one ounce gold bullion coins remain the most popular, demand for the one-tenth ounce coins has remained strong with year-to-date demand for these coins up over
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Are Precious Metals Gleaming Again?
- March 15, 2013
- Posted by: Orkan Ozkan
- Category: News
In a recent article by MSN Money, Anthony Mirhaydari makes the case for why Gold values may begin gleaming again. Here is a quick recap of some of the main points in his article. 1. Even with the Dow at a new high, under the surface, there are signs that insiders are pulling back and looking
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What the Sequester Means for Gold
- March 9, 2013
- Posted by: Orkan Ozkan
- Category: News
Over the past week, we had many individuals ask, “What is the Sequester and how will it relate to the overall value of gold?” Here is a brief overview on the sequester and what it means for most individuals. Sequester Definition: According to Wikipedia, the Sequester is a group of budget/spending cuts to various categories of
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The Silver Dollar That Sold for $10 Million
- January 25, 2013
- Posted by: Orkan Ozkan
- Category: News
In 1794, the first session of the United States Senate was open to the public, Eli Whitney was granted a patent for the cotton gin and the U.S. Mint struck the first “flowing hair” silver dollar. Today, Reuters announced that a 1794 silver dollar sold at an auction for a record $10 million to rare
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Gold – 2012 and Looking Forward
- January 5, 2013
- Posted by: Orkan Ozkan
- Category: News
As usual, this was a good year for gold. We have seen about a 7% gain this year and remain optimistic for what 2013 will bring. With two rounds of quantitative easing and multiple global economic issues we can learn a lot from the events of 2012 and what that means looking forward. QE3 &
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