Numismatic News & Precious Metals Market Commentary
Category Archives: News
January 11, 2011Posted by on
Nationally-known rare coin dealer and precious metals expert Michael Fuljenz, is an award-winning numismatic author, frequent interview guest on radio and TV news and personal finance programs, and a community leader in his hometown, Beaumont, Texas. He hosts an award-winning, regularly-scheduled program about coins and precious metals on Newstalk 560 KLVI radio.
It was another busy year for Mike Fuljenz. In addition to numerous local news media interviews in the Beaumont and Houston press, he was quoted in the Los Angeles Times, CBS Money Watch and Fox Business Network. He also won another five national excellence awards for his books, newsletters and consumer education efforts; continued his national service on the Board of Directors of the influential Industry Council for Tangible Assets; and became President of the Diocese of Beaumont Catholic School Board.
Here are some of his many accomplishments in 2010.
- Received awards from the Numismatic Literary Guild (NLG) for his assistance in a series of important on-going investigative stories by The Examiner newspaper in Beaumont about traveling “hotel buyers” in the Southwestern United States who often offered the public only pennies on the dollar for valuable gold coins and jewelry.
- Authored an important, NLG award-winning new book about historic U.S. gold coins, Indian Gold Coins of the 20th Century. (Former New York Times columnist and NLG Executive Director Ed Reiter remarked: “I don’t know of anyone who has won as many NLG awards in different categories.”)
- Served as gold coin price coordinator for The Insider’s Guide to U.S. Coin Values 2011 published by Dell a division of Random House Publishing.
- As official coin and bullion dealer for the National Rifle Association, he was a keynote speaker at the NRA’s Freedom First Financial Seminar, and authored a feature story for the American Rifleman magazine, “President Theodore Roosevelt: Champion of Guns and Gold.” Fuljenz also was a sponsor of the NRA’s Eddie Eagle Gun Safety Program for children.
- As featured speaker at their annual banquet, he helped the Salvation Army in Beaumont kick off the organization’s national Christmas kettle collection campaign by donating and placing a $1,400 gold coin in a kettle.
November 1, 2010Posted by on
October 14, 2010Posted by on
“With gold in the news these days, you hear more and more uninformed commentators saying increasingly silly things about a market they don’t really understand and have never studied,” cautioned veteran gold and rare coin dealerMichael R. Fuljenz in his weekly precious metals market commentary issued today, October 12, 2010.
Fuljenz, President of Universal Coin & Bullion, Ltd. (www.universalcoin.com) said gold’s “bullish trend is strongly in place due to the dollar’s rapid decline to most other currencies,” and gave recent examples of what he labeled “stupid statements about gold in the mass media.” Here are three of them.
One television critic said, “After all, you can’t spend gold at the grocery stores.” Fuljenz noted: Can you spend stock certificates in a store, or Certificates of Deposit? (Don’t forget the penalty for early withdrawal.) Can you trade dirt (“real estate”) for goods in a store? Nearly everything we own — stocks, bonds, CDs, real estate and commodities, including gold — must first be exchanged for cash in order to qualify as a “medium of exchange” in a normal store or other retail operation.
A stock analyst said, “Gold is clearly a ‘bubble’ market, ready to pop.” Fuljenz noted: Historically, bubbles are based on greed, the “greater fool” theory of selling a rapidly rising investment in order to make a quick killing. Most gold investors are buy-and-hold savers (hoarders), who are buying gold based on fear for the global economy, not greed to make money quickly. As John Roque said to CNBC’s Jim Cramer in late September, gold is generally 1.5 times the S&P 500, which is now at 1165, making a fair gold price $1,750. In 1980, gold was six times the S&P 500.
The CPM Group issued a statement claiming, “If gold were only used for industrial and ornamental use, its price would be $600.” Fuljenz noted: That’s like saying if gold weren’t known as money in every major society for the last 6,000 years, it wouldn’t cost so much to fill the cavities in our teeth. Gold’s price is not solely based on jewelry or industrial applications. It is based on its role as “shadow currency” in a world that is devaluing the intrinsic value of all paper currencies, since printing is a “no-cost” solution.
The entire Metals Market Commentary issued every Tuesday by Fuljenz is available free online atwww.universalcoin.com/buying-gold/metals-market-commentary.html.
Fuljenz is a respected, award-winning numismatic book author and newsletter writer, receiving nearly three dozen awards since 1986 from the Numismatic Literary Guild, a nonprofit organization that annually recognizes outstanding journalism on the diverse subject of money from ancient to modern. He also was recently honored for his expert assistance in an on-going series of investigative “seller beware” stories about traveling gold buyers in five Southeastern states. One of the so-called “hotel buyers” offered only $60 for a rare U.S. gold coin actually valued by independent experts at $10,000. Fuljenz provided the coin for the news media investigation.
For additional information, contact Mike Fuljenz at Universal Coin & Bullion at (800) 459-2646.
August 26, 2010Posted by on
Welcome to my blog on issues numismatic. I hope that you will visit my blog often to read our weekly highlights of the week’s precious metals review. Our blog will be tied to Twitter providing you up to the minute tips, so if you feel these tips might help you as a coin collector please sign onto Twitter and follow our tweets. And most of all, thanks for visiting. Mike Fuljenz