Tag Archive: gold ira custodians

November 14, 2014 |

Even Gold Mining Companies Have Problems

gold nugget

So you’ve got a hole in the ground and you’re mining a precious metal and selling it on the open market. What could possibly go wrong? Plenty, actually. The gold mining industry as a whole is nearing a point where they’ll need to reduce output or even shut down some of their operations completely. With the price of gold reaching a four-year low, mines are being forced to slash costs and rethink their strategies. Gold prices have lost ground to the U.S. dollar which has... Continue Reading

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October 30, 2014 |

Former Fed Chairman Alan Greenspan on Gold

Alan Greenspan; economy

Where will gold be in five years? “HIGHER.” How much Higher? “MEASURABLY!” Former Fed Chairman Alan Greenspan spoke Wednesday to the Council on Foreign Relations. He said QE ultimately fell short of its goals referring to the end of the bond-buying program, which aimed to lower unemployment and spur stronger economic growth. Mr. Greenspan’s comments to the Council came as Fed officials were meeting in Washington, D.C., and expected to announce within hours the end of bond purchases. Mr. Greenspan said the bond-buying program was... Continue Reading

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October 24, 2014 |

Fall Markets Get Spooked, Gold Investors Sleep Easy

Gold on the rise Crop

It appears that Halloween is not the only thing spooking investors during the month of October. Global fear, a weak European Economy and low interest rates have sent markets on a roller coaster ride. For those who invest in physical gold, the ride has been much smoother. A Volatility buffet. Gold has performed as advertised for investors while markets have spiked and plummeted. During times of uncertainty and volatility, gold serves as a safe haven for investors and the last two weeks have certainly been... Continue Reading

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August 14, 2014 |

30 Things You Didn't Know About Gold

three reasons

  Gold is so rare that the world pours more steel in a single hour than all of the gold that has ever been poured during recorded history. Gold melts at 1064.43 degrees Centigrade. The metal can conduct both heat and electricity. It is estimated that 80 percent of the planet’s gold is still in the ground. A cubic foot of gold weighs 1000 pounds. Gold never rusts and does not easily become affected by chemicals. This is why gold can remain in the ground... Continue Reading

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July 9, 2014 |

First Quarter Demand for Gold Remains Robust

The most recent World Gold Council Gold Demand Trends Report has shown that demand for gold is picking up right where it left off in 2013. Q1 demand for gold was 1074 tons, which was nearly unchanged on a year-over-year basis. According to the report, quarterly average demand trends remain intact according to data established over the last five years. Let’s take a closer look at some specific segments of this demand to see what is driving gold: JEWELRY DEMAND Jewelry is the most significant... Continue Reading

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July 9, 2014 |

Buying Gold and Seeing the Forest Through the Trees

Forest

The gold market has certainly seen some ups and downs in recent years. After topping out near $2000 per ounce back in 2011, the metal has worked lower the last few years and has bounced off of the $1200 area several times. In fact, gold has been trading in a sideways range for some time now-about the last year. We feel that it is extremely important for one to look at the bigger picture when looking at precious metals investments, and we want to try... Continue Reading

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July 9, 2014 |

Why Add Gold To An IRA?

Five simple reasons to consider: There are many reasons one could consider adding gold or precious metals to their IRA account or retirement portfolio. Here we will outline what we feel are some of the biggest reasons one should consider an allocation into gold or precious metals, and why we feel such an allocation can potentially play a vital role in safeguarding one’s savings and wealth. 1. Portfolio Diversification-Gold and precious metals can allow an investor to further diversify their portfolio. By adding precious metals... Continue Reading

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