(Beaumont, Texas) August 9, 2017 — “There’s been a lot of gold buying by the public since Tuesday. Gold coin purchases by collectors, investors and dealers are up dramatically this week. We’ve seen an increase of about 40 percent in gold coin sales this week compared to typical weeks,” said Michael Fuljenz, President of Universal Coin & Bullion, Inc. (www.UniversalCoin.com) in Beaumont, Texas.
“With the stock market reacting negatively to North Korea-related news, we’re seeing people liquidating some of their stocks and allocating more funds in gold. I’m hearing this from my customer service staff and from other dealers large and small across the country,” explained Fuljenz.
In his weekly Metals Market Report issued this past Tuesday morning, Fuljenz predicted: “…some unexpected international event could send gold soaring quickly – no matter what the dollar does – and such a moment may be brewing in North Korea.” A short time later, following President Trump’s “fire and fury” warning, gold prices began to jump.
Fuljenz also advised: “If gold prices sharply rise from tensions with North Korea, watch for the U.S. rare coin market to also jump. Sharply higher gold prices have been the primary reason for past rare coin bull markets where prices rise 100% to 1000% in only a few years.”
About Michael Fuljenz:
Universal Coin & Bullion President Michael Fuljenz has won dozens of prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals. A respected community leader in his hometown of Beaumont, Texas, Mike also has served with distinction as a consultant to the Federal Trade Commission, United States Mint and Royal Canadian Mint, and is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Beaumont, Texas, and is a member of the Professional Numismatists Guild (PNG) and a PNG Accredited Precious Metals Dealer.