The world’s central banks bought 477.2 metric tons* (15,342,000 Troy ounces)
of gold in 2015 – 17% more than they bought in 2013 and the second-highest
annual total in the last 50 years. The World Gold Council (WGC) said that
central banks spent about $19.4 billion on new gold purchases last year.
In the middle of each quarter, hedge fund managers must file forms with the
SEC on their holdings at the end of the previous quarter. From the filings
released last month, we learn that John Paulson, the largest shareholder of the
SPDR Gold Trust (GLD), held on to all his 10.23 million shares of GLD (worth
over $1.16 billion) in late 2014.
A couple of hunters from Prague are out hunting and an absolutely huge bear runs up and in a single gulp devours one of the hunters. Miraculously, the swallowed hunter remained alive, trapped in the belly of the enormous bear. The other hunter runs back to town and organizes a rescue party which heads back to the woods armed with torches, guns, spears, etc. Soon they spot two bears on the horizon and everybody starts shooting at the bear that’s closest to them. “No, not that on,” shouts the surviving hunter, “That’s the female.” “The Czech is in the male.”
Michael Fuljenz, America’s Gold Expert® was honored with four awards in the
23rd annual Excellence in the Media competition conducted by the Press Club of
Southeast Texas. The awards were for Fuljenz' consumer education and protection
writings about buying and selling rare coins and precious metals.
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. We’re a comparatively very small association and can only do so much with
our small staff. When being proactive with in-state dealers to try to achieve a
state sales tax exemption on coins and precious metals, they usually hire a
lobbyist and then work with ICTA for the education part. We then all work
together to first educate the lobbyist who then may find an appropriate
legislator to sponsor the bill before going to the next step of educationg the
rest of the legislators. This slightly an oversimplification, but you get the
America's Gold Expert® Mike Fuljenz Received "The Clemy" At 2013 World's Fair of Money
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
Mike Fuljenz Speaks to Police Agencies on Numismatic Crimes
Sandwiched between receiving an award,
autographing copies of his book and purchasing gold coins to
fulfill his customers' orders, 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.
KFDM-TV Channel 6 Crime Stoppers Interviews Mike Fuljenz
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.
In order to enjoy the best of both worlds, hedge diversification
and long-term appreciation, the ideal way to own and hold precious
metals in your IRA is with Gold, Silver and Platinum American Eagles.