Gold has been very volatile in the last week, rising from below $1284 on April 3 to $1330 on April 14 before correcting back to $1300 on Tuesday, April 15. Still, it's encouraging to see gold remain slightly above $1300 after starting the year at $1200. Meanwhile, the Dow Jones Industrials are down over 2% and the once-glamorous NASDAQ tech stock index fell 5% in the last week. Gold rose Friday on high producer price inflation and then got a boost Monday on a revival of violence in Ukraine, but consumer price inflation (released Tuesday) was "tame," so gold retreated, despite continuing tensions in the Ukraine.
Another reason for gold's decline on Tuesday was a strange article in The Wall Street Journal, titled "China is Losing its Taste for Gold." After 6,000 years of honoring gold, after finally being able to afford to buy gold as a luxury after centuries of living absolute poverty, after a decade of liberalizing laws to allow wider gold ownership in China, after setting a record all-time high for both gold production and gold consumption in 2013, and after a rapid acceleration in gold demand in China during the first two months of 2014, all of a sudden China lost its "taste" for gold? That word does not pass the "smell" taste.
The silver American Eagle, the best-selling U.S. bullion coin for more than a generation, could be on the verge of an exciting makeover.
The United States Mint is considering a dramatic new design for the coin's reverse – one that depicts a powerful naturalistic eagle. If adopted, it would replace the small heraldic eagle shown on that side of the coin since it was first issued in 1986.
If, in fact, a new Silver Eagle with a brand-new reverse does enter production in 2015, as now seems likely, the series figures to gain even greater appeal for those who consider these coins to be collectibles. With two distinct varieties to acquire, the series would seem certain to attract new enthusiasts, and existing collectors would have more incentive to fill in any gaps in their "Type I" sets, if that portion is complete.
In one of our more liberal states, a fine upstanding citizen and bona fide NRA member had a difficulty with the local police. From a report by a nosy neighbor, the police found he possessed about 75 assorted firearms and nearly 50,000 rounds of ammunition...
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.
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.