Gold fell at one point to $1225 before bouncing back to $1234 on Monday. In the London market, gold’s low point was the Friday afternoon fix at $1231.50, the lowest London price since January. Most of this decline is due to the rising dollar. The euro has fallen from $1.40 last May to $1.29 this week, meaning that the price of gold is slightly higher in euro terms than it was last May. The dollar has also gained to its other two major competitors, the Japanese yen and the British pound, which has fallen due to the vote concerning Scottish secession from the United Kingdom this Thursday. The dollar is temporarily “King,” so gold has fallen in U.S. dollar terms, even though it is trading fairly evenly in many other currencies.
Barron’s Commodities Column this week is titled “Gold’s Shine is Gone,” by Mary de Wet. She begins by saying, “There’s not much glitter to gold these days.” In the first half of the article, she presents the case against gold, but most of her reasons lack a long-term perspective on the gold market. For example:
The Federal Open Market Committee (FOMC) meets about eight times a year. Their current meeting runs Tuesday and Wednesday, September 16-17. There has been a great deal of speculation about what they will say in their press conference on Wednesday afternoon.
Two NRA Life Members, Paul and Joe, were the best of hunting buddies and traveled to Colorado for a long planned elk hunting trip. After arriving on their hunting grounds, they set up camp in the beautiful Colorado high country. Then each organized their gear for the morning hunt...
He also was interviewed about the gold market by Fox Business Network in a live broadcast segment from the World's Fair of Money.
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.
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.
100% Customer Service
Toll Free: 877.357.4208
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.