Mike Fuljenz

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Articles

“Pennies” are Not First USA Coin Denomination Discontinued Says Rare Coin Dealer Michael Fuljenz

2 months ago | greysheet.com | Mike Fuljenz

Announcements Editorial Press Release U.S. Coins United States Coin expert points out the U.S. previously stopped producing other low denomination coins that outlived their usefulness.
President Trump Agrees That Eliminating The Cent Makes Sense

2 months ago | newsmax.com | Mike Fuljenz

The end of the one-cent coin looks to be approaching a reality in the United States now that President Donald Trump has announced he is moving forward with the plan to end the “penny” due to its increasing cost burden on taxpayers. On February 9, President Trump posted on Truth Social, “For far too long, the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! I have instructed my Secretary of the US Treasury to stop producing new pennies.
Ending the penny could save millions, but faces political hurdles

Dec 23, 2024 | beaumontenterprise.com | Mike Fuljenz

After the election and the immediate prospect of President-elect Donald Trump’s attack on government waste, Iowa Senator Joni Ernst published her top suggestions for cutting waste, of which the abolition of the penny made her list. Under the heading “Bad Pennies,” she stated the measure would save about $100 million per year, as each one-cent coin costs three cents to make and the government makes billions of them each year.
Kevin

Dec 5, 2024 | greysheet.com | Mike Fuljenz

O’Leary will be a spokesman for Universal Coin & Bullion of Beaumont, Texas in a series of national television and print advertisements about precious metal bullion coins and rare coins. “Knowing what makes a smart investment is my job. I believe everyone should own some gold as a hedge against inflation and for portfolio diversification,” said O’Leary. “When it comes to quality and reliability, I turn to my partner Universal Coin & Bullion.
Memories of My Grandfather and the Impact of Silver Dollar Gifts

Dec 4, 2024 | amac.us | Mike Fuljenz

When I think of the late Naomi Judd it brings back memories of my grandfather, due to hers and her daughter, Wynonna’s, Grammy award-winning song, “Grandpa, Tell Me ‘Bout the Good Days.”In 2017, my wife, Karen, and I heard Wynonna at one of her fine Christmas shows, where her “Grandpa” song got me thinking about my first interest in rare coins, sparked by my own grandfather, nicknamed “Red” Lievens for the color of his hair.
Gold Rises as a 'Crisis Hedge' While Silver Prices Mystify

Oct 25, 2024 | newsmax.com | Mike Fuljenz

Last year at this time, the London Bullion Market Association (LBMA) met in Barcelona, Spain from Oct. 15 to 17. While there, they held their annual survey of professional bullion market experts projecting the price of the precious metals over the next months. Their median prediction was that gold would rise to $2,000 by this month in 2024.
Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care? | @amacforamerica

Oct 1, 2024 | amac.us | Mike Fuljenz

The federal government’s fiscal year (FY) starts on October 1st and ends September 30th. Through August 31st of this year, after a horrendous $383 billion deficit in August, the FY 2024 federal deficit totals nearly $1.9 trillion and will likely reach $2 trillion for the first time since the COVID-bloated budget of 2021. That is also the year we saw the roots of super-high inflation with the huge new spending plans in the first year of the Joe Biden-Kamala Harris administration.
The Fed Passes a Half-Point Rate Cut and Gold Rallies

Sep 27, 2024 | newsmax.com | Mike Fuljenz

At 2:00 pm (Eastern time) Wednesday, September 18th, the Federal Reserve’s Open Market Committee (FOMC) made a somewhat surprising decision to cut their key Fed funds rate by 50-basis-points (0.50%). Most observers expected a 0.25% cut since the Fed seldom wants to look like they are in a panic mode, overreacting to current events.
Gold Tops $2,600 and Silver Surpasses $31: What's the New Story (If Any)?

Sep 26, 2024 | newsmax.com | Mike Fuljenz

Gold topped $2,600, in part, because of the Federal Reserve interest rate cut on Wednesday, September 18. It bounced around $2,600 before holding about $2,600 on Friday. Partly because of lower rates, but also due to a rise in central bank and ETF buying, many institutional analysts have come out in gold’s favor.
September is Strongest Month for Gold, Weakest for Stocks| @amacforamerica

Sep 21, 2024 | amac.us | Mike Fuljenz

We’ve seen a tumbling stock market so far in September, plus a strong recovery for gold this week. This is par for the course in September, the weakest month of the year, historically, for stocks over the last century, while it is usually the strongest month for gold.