Gold struggled to stay above $1200 last week, falling below $1200 on Thursday before recovering on Friday, then falling below $1200 again on Monday, April 13. Gold began both 2014 and 2015 at $1200 per ounce, so this number is beginning to resemble a magnet for gold prices. Gold is still going up in terms of the euro and other major currencies, but the price in dollar terms has been dull, flat and boring. However, there are some demand factors which could break gold free of its chains in 2015.
The metals consultancy firm Metals Focus anticipates new gold mine production to fall by 14% in 2015 vs. 2014. They believe that this decline in new supplies will boost gold’s price by the end of the year and in 2016.
It takes a “contrarian” state of mind to buy gold now, when it’s down, but that was the winning move in 1999 through 2001, when gold bottomed out twice at under $255 per ounce. The stock market is near record highs, which tells a “contrarian” investor that it would be a wise move to lighten up on some overpriced stocks and buy some underpriced metals, for portfolio rebalancing if nothing else.
An important new reference book about a popular and historic United States gold coins series, Type Three Double Eagles 1877 - 1907 (Second Edition), provides beginning and advanced collectors and investors a date-by-date analysis of every coin in the series, historical vignettes and more than 100 full-color photographs
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.