Gold continues to hover around $1300 per ounce, partly due to the temporarily strong U.S. dollar (vs. the euro). Due to the euro-zone's trade restrictions with Russia, and the threat of a Russian reprisal, some of the major European economies (like Germany) are falling into a recession again, resulting in a weak euro.
In terms of the euro, gold is up about 12% this year (vs. 8% in U.S. dollar terms). In fact, gold in euro terms is now approaching the psychological barrier of 1000 euros per ounce. (If gold trades at $1300 per ounce and the euro sinks to $1.30, then the euro price of gold will reach €1000, an important benchmark.)
Robert McEwen, founder of the major mining firm Goldcorp (as well as his own firm, McEwen Mining), told CNBC that gold is “outperforming the Dow and the S&P and large segments of the market” this year. Then, he added, “We're entering a period of the year when there's a seasonal high for gold – September, October is usually a strong period for gold going into the end of the year….There's a lot of armed conflict going on around the world.…I see it ultimately getting to $5,000 an ounce over the next 3-4 years.”
Commodities analyst Dennis Gartman is not “perma-bull” on gold. He merely follows (and rides) the trends. He also looks at gold in terms of several currencies, not just the dollar. In commenting on the recent price trends of gold in euro terms, he said that “Once €1,000 is taken out – and we think that it shall be, if not today, then next week if the geopolitical events unwind as badly as we fear they might – then there is nothing that stems the advance until €1,100.”
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.