Gold is still trading above $1300 per ounce, which tells us that buyers keep coming out of the wings and into the market whenever they see a perceived "bargain" when gold dips into the $1290s range. The U.S. economic news picked up last week - including the lowest number (in over 8 years) of new applications for jobless benefits - so Fed Chairwoman Janet Yellen said the Fed could raise interest rates sooner than expected. This gave the dollar a boost, pushing gold temporarily down, but gold rallied by week's end.
The weekend Wall Street Journal covered gold with a negative headline: "Even in Rockets' Glare, Gold Dims." The author, Liam Denning, opens up by saying "Paranoia, war, economic dystopia: The world of the gold bug isn't a very happy place." That's a terrible misconception.
Last Friday, the Wall Street Journal ran a gold article ("Dip in Chinese Demand Puts Pressure on Gold" by Tatyana Shumsky) which covered the China Gold Association's latest report, which said that gold demand in China fell 19.4% for the first six months of 2014 vs. the first half of 2013. Their report also said that China's domestic gold production rose by almost 10%, resulting in a supply/demand overhang.
Despite these seemingly dismal statistics, the people at Casey Research looked more closely into the Chinese gold market and came up with a major flaw in these reported statistics on Chinese demand.
Michael Fuljenz, America’s Gold Expert® was honored with four awards in the 23rd annual Excellence in the Media competition conducted by the Press Club of Southeast Texas. The awards were for Fuljenz' consumer education and protection writings about buying and selling rare coins and precious metals.
A 47-year-old female was at home when she heard the doorbell ring around 7:20 a.m. A man then smashed a rear sliding door with a gardening tool and entered the home…
Mike Fuljenz, recent Beaumont Enterprise Award Winner, discusses gold rising, new Kennedy commemorative coins and states that are sales tax free on precious metal transactions.
Mike Fuljenz discusses the billions that America would save by eliminating the penny and the dollar bill.
America's Gold Expert® Mike Fuljenz, received multiple awards during the annual World's Fair of Money, including one of the profession's most esteemed honors, "The Clemy," for his consumer protection and education work in rare coins and precious metals…
Sandwiched between receiving an award, autographing copies of his book and purchasing gold coins to fulfill his customers' orders, America's Gold Expert® , Michael Fuljenz, recently was a keynote speaker at a special training course for Texas law enforcement personnel on the topic of investigating crimes involving rare coins, bullion and jewelry.
Mike Fuljenz with Rep Lloyd Doggett (D-TX) and Rep Jimmy Hayes (R-LA)
I am urging coin collectors and investors nationwide to promptly contact their Congressional representatives in support of the recently introduced Collectible Coin Protection Act (HR5977).
I was among a half dozen of the country's numismatic leaders who met in Washington, DC on June 28, 2012 with Congressional leaders and staff members to discuss the importance of the proposed legislation to protect the public.
Most Americans take those words for granted today and assume they’ve always been part of our national fabric. Thus, many were surprised when the House of Representatives recently voted to reaffirm that this simple phrase is the official national motto. The story of the motto is an engrossing one, full of fascinating twists and turns…
KFDM-TV Channel 6 in my hometown of Beaumont,Texas recently did a Crime Stoppers story about a Texas dealer who reportedly paid only $16,000 for nearly $250,000 of coins sent to him by an 82-year old California woman. The interviewer asked me for consumer protection advice so other people can avoid encountering this kind of problem.
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A note from the Numismatic Crime Information Center
Mike Fuljenz helps 42 Florida detectives become more knowledgeable about how to handle and investigate numismatic crime.
As you probably know, ICTA is the national trade association that is the “watch dog” for the coin/precious metals community, most especially on the federal level.