Iraq Triples Gold Reserves While Crisis In Ukraine Escalates 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  
Iraq Triples Gold Reserves While Crisis In Ukraine Escalates
Posted April 9th, 2014

Los Angeles CA, Apr 9 (Tangible Investments) - by James O’Dell - Gold and silver prices edged higher on Tuesday, with gold hitting a two week high after gaining $11.20 or 0.86 percent to close at $1,307.75 an ounce as the dollar fell amid increasing geopolitical tensions in Ukraine and ahead of the release of the March minutes of the Federal Open Market Committee (FOMC) meeting. The price of Silver rose $0.19 or 0.96 percent to close at $20.04 an ounce.
 
“I would attribute the gold move to the dollar weakness today and the continuing Ukraine political and social unrest,” said Frank Lesh, of Future Path Trading. Analysts believe news that Iraq remains in the market to bolster its gold reserves after buying 36 tons of the yellow metal in March, also helped in supporting the gold price. The Central Bank of Iraq published a statement on Tuesday saying the bullion purchases are helping the nation to “reinforce stability of monetary policy and the [Iraqi] dinar.”
 
Before this year, the last time Iraq boosted its gold reserves was in 2012 when it quadrupled its holdings after buying 23.9 tons to raise its total to around 30 tons. “The Iraqi purchase is a fairly chunky amount of gold, and the inference is that they bought through the open market,” said Tom Kendall, of Credit Suisse. “There was no chatter on the gold desks [of banks] about a central bank being in the market so they appear to have been quite tactical about it.”
 
Meanwhile, the Ukraine government was forced to send security forces to Kharkiv, the nations' second largest city when pro-Russian protestors, following a pattern that closely resembles the pre-annexation of Crimea, seized public buildings in eastern Ukraine. Kiev is characterizing the removal of protestors in Kharkiv as an “anti-terrorism” campaign, but Russia was quick to warn the fledgling nation against using force to control pro-Russian protestors.

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



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 © 2019 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