Gold fell to $1280 last Thursday because some traders thought that positive economic indicators would allow the Federal Reserve to raise interest rates sooner than expected. However, the leading Federal Reserve officials, meeting at their annual late-August Jackson Hole convention, stated fairly clearly (for them!) that interest rates would remain low for considerably longer, well into mid-2015, giving gold (which offers no interest) an even playing field with cash for the foreseeable future. Also, the dollar has been strong lately, which means that gold has tended to rise or hold firm in many other global currencies.
Some gold demand statistics will never be known, because they occur in the underground economy, off the books. India may be catching more gold smugglers, but they’re probably only catching about 10%, the tip of the iceberg. For every smuggler they catch, there may be at least five to 10 smugglers that succeed, otherwise they wouldn’t be taking such a huge risk to avoid a 10% import duty, plus export requirements.
For decades, I have liked better-date rare gold coins. I even wrote multiple NLG award-winning books about them. Currently I believe it is a historically opportune time to acquire select better-date gold coins in better grades. This week’s graphs show how a portfolio of multiple or fractions of coins totaling $10,000 in different rare gold coins would have increased in value over the time indicated that I have purchased them.
A young man completed his NRA hunter education program and proudly bought his hunting license and deer hunting tags just before opening day of deer season. As it happened, opening day was a clear, cold November morning with every condition just right, as the young deer hunter sat still and quiet in his tree stand waiting to get his first deer...
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.
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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.