Author Archives: FortressGoldGroup

If You Hold More Than $250K in the Bank (and even if you don’t), You Need to Know This.

You’ve heard of the FDIC– it’s the Federal Deposit Insurance Corporation. It’s an independent insurance agency that was created by Congress to insure bank deposits and inspire public confidence in banking institutions. It was created in 1933, after the stock … Continue reading

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Russia Continues to Stack, Adding Nearly 25t of Gold in June

As we have covered before, Russia has been building up its gold reserves over the past nine years, and last month the country added a whopping 24.9 tons, increasing their total hoard to more than 1,275 tons of gold.   … Continue reading

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The Tech Bubble is Bursting

The stock prices of Google, Netflix, and Ebay each surged to record highs last week after all three companies released better than expected performance reports for the second quarter. Going by just those numbers, it would seem that the health … Continue reading

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Chief Strategist Ed Moy Speaks with Bloomberg about Gold

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China Finally Reveals Gold Holdings

After six years, China finally revealed its “total” gold hoard today in a statement issued by the PBOC (People’s Bank of China). The grand total? 1,658 metric tons, placing the country in 5th place worldwide. It’s an increase of more … Continue reading

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Banks in Greece to Reopen Monday with Capital Controls Still in Place, New Problems for Puerto Rico and Jade Helm Begins…

With the European Central Bank finally agreeing to extend the much needed “emergency liquidity assistance” (read: cash), the banks of Greece are set to reopen on Monday. Capital controls are expected remain in place with daily limits on withdrawals set … Continue reading

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Latest FED Statement More of the Same: Don’t Panic, Everything’s Fine

Janet Yellen, Chairwoman of the Federal Reserve appeared before Congress today to speak about the current state of the economy and the potential for raising interest rates later this year. She was also grilled by several Republican Committee Members over … Continue reading

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In a Burning Building with Copper, New Housing Starts, and the Labor Participation Rate Falling All Around Us

The price of copper has fallen by more than 13% since May and hit a 5 year low last week. You might be wondering, what does copper have to do with gold? As we mentioned back in January, when copper … Continue reading

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China Bans Stock Selling to Stem Meltdown, NYSE Closes on “Glitch”

China has issued a ban on the selling of stocks and bonds for large shareholders for the time being as part of an effort to prevent a complete “1929-style event.” The Shanghai Composite Index has seen a decline of more … Continue reading

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U.S. Mint SELLS OUT of Silver

As we covered at the end of last week, sales of gold and silver coins from the U.S. Mint have recently skyrocketed as a result of increased consumer demand coupled with low prices. Overall sales from the mint increased more … Continue reading

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