May 2013, Week 3 Edition
Published by Award-Winning Texas Coin Company Universal Coin & Bullion
A National Gold & Silver Dealer Helping Customers Buy Gold Since 1994
University of Texas May Buy More Gold
The Wall Street Journal headlined the fact that "Gold U." (Texas) has suffered from a drop in gold prices due to its $1.1 billion holdings in gold for the University of Texas Investment Management Co (Utimco). Chief executive of the fund, Bruce Zimmerman, began buying gold futures at $950 per ounce in 2009 and says he may buy more gold at today's lower prices: "Utimco is holding tight to its stash of the metal and even is thinking about buying a bit more." Even with the recent price decline, Utimco's gold positions are up a net 17%.
Record Gold Sales at Perth Mint
With gold prices taking a licking and gold-bashers in the media having a frisky romp at the yellow metal's expense, it would be easy to get the impression that nobody wants gold anymore. Gold sales for the Perth Mint of Australia proves that's not true.
In April, when the gut-wrenching plunge in gold shocked the markets, the Perth Mint hit record-breaking sales for gold bullion products as the low prices ignited vigorous consumer demand to own the physical metal. Silver bullion sales also surged to the highest level in six months.
Federal Debt is Not Suddenly "Under Control" After One Good Month
Last week, it was announced that a federal budget surplus in April (the main tax-filing month) was the best in years, pushing the projected deficit for this fiscal year (ending September 30) to just $642 billion, down 50% from a record-high $1.3 trillion in President Obama's first two years. That's good news, but the $642 billion is still much larger than any federal budget in history, before 2008, and shrinking deficits rely on super-low interest rates, which keep the service costs of the Treasury's $16 trillion in debt so low.
Right now, the political waters in Washington are more partisan than ever, due to arguments about the Benghazi hearings and the IRS' targeted persecution of Tea Party organizations, AP and Fox reporters. If a debt renegotiation had to happen, we would likely see more political stone-walling than in 2011, when stocks (as measured by the S&P 500) fell 21% while gold rose 29%. Nothing has really been solved since then, with the U.S. debt burden still growing, so we could see another budget showdown in 2013. Gold will likely rise if we see the government in Washington implode again, as in mid-2011.
Fox 4 KBTV: America's Gold Expert Mike Fuljenz Reports On Current Precious Metals Events
Mike Fuljenz, President of Universal Coin & Bullion, joined Jessica Guidry on FOX 4 KBTV Southeast Texas Live to talk about the NRA convention in Houston, TX, gold and silver IRA's, authentication and grading.FOX 4 KBTV’s Jessica Guidry talks again with America’s Gold Expert Mike Fuljenz
Universal Coin & Bullion is Beaumont, Texas Chamber of Commerce business of the month. President Mike Fuljenz discusses counterfeiting, a ten million dollar coin and our national motto.Gold Expert Mike Fuljenz Speaks
To Police Agencies on Numismatic Crimes
Michael Fuljenz 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 provided seminar participants with information on where they can promptly get assistance.America's Gold Expert Michael Fuljenz
Honored Again at World's Fair of Money
(Philadelphia, Pennsylvania) – America's Gold Expert, Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas, set an unparalleled record of achievement at the World's Fair of Money in Philadelphia, August 7 - 11, 2012. He received another six prestigious industry awards, continuing a string of honors and accomplishments at these annual gatherings of the world's top rare coin and precious metals dignitaries…Mike Fuljenz & Universal Coin & Bullion Win
Press Club Awards for Gold Advisories
Mike Fuljenz wins 2 First Place awards from the Press Club of Southeast Texas. One award was for his weekly "Mike Fuljenz Metals Market Report" that is read nationally by precious metal buyers and sellers. He also took first place for his prestigious "Personal Gold Guide" publication. ICTA Board of Directors Member Mike Fuljenz Goes to Washington
To Support the Collectible Coin Protection Act
Mike Fuljenz with Rep Lloyd Doggett (D-TX) and Rep Jimmy Hayes (R-LA)
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.
KFDM-TV Channel 6 Crime Stoppers Interviews Mike Fuljenz
