Yellen Says QE Taper Not In Stone Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Yellen Says QE Taper Not In Stone
Posted February 27th, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Gold and silver prices edged up modestly on Thursday in choppy trade with Gold currently at $1,330.15 an ounce and silver at $21.22 an ounce as the dollar firmed near a two week high against a basket of major currencies, while the physical gold market in Asia was on the sidelines waiting for gold to weaken. It could be a long wait, as the technical outlook for gold in the shorter term remains bullish.
 
In Eastern Europe, tensions on the Ukraine's Crimean peninsula remain heightened after Russian President Putin put the military on high alert.  Ukrainian interim President Olexander Turchynov warned Russia early today against any "military aggression" in Crimea, a historically Russian peninsula, after an armed group occupied the Parliament building and hoisted a Russian flag. Officials from NATO also issued a warning that they would back the inviolability of [Ukraine’s] frontiers.
 
Relations between Russia and the U.S. have not been this tense since the 2008 war between Russian and Georgia. “Should events in Ukraine deteriorate and involve neighboring countries, gold could benefit from increased safe haven demand,” said HSBC. “Gold is often sensitive to geopolitical developments, especially when they involve large economies or important regions.”
 
In the U.S., Fed Chair Janet Yellen finally appeared before the Senate Banking Committee on Thursday after her original Senate testimony was cancelled two weeks ago due to heavy snowfall in DC. In Yellen's first appearance as Fed chief, she acknowledged that “we have seen quite a bit of soft data over the last month or six weeks,” and pointed to jobs, housing, retail sales and factory production.
 
“What we need to do . . . is to try to get a firmer handle on exactly how much of that set of softer data can be explained by weather and what portion, if any, is due to a softer outlook”, said Yellen. On the Fed's quantitative easing (QE) program Yellen added, “Asset purchases are not on a preset course. If there’s a significant change in the outlook, certainly we would be open to reconsidering…”

It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments, it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2024 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651