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Universal Coin & Bullion Announces Joint
Venture With Two Other Southeast Texas Precious Metals Dealers
Beaumont, Texas firm launching nationwide
rare coins and precious metals marketing endeavor with 1st American Coin
and 1st National Reserve
(Beaumont, Texas) July 8, 2024 – Nationally-known
Universal Coin & Bullion, Ltd. (www.UniversalCoin.com)
of Beaumont, Texas has announced a new strategic marketing venture with two
other Beaumont rare coin and precious metals dealers, 1st American Coin,
Ltd. and 1st National Reserve, Ltd.
All three companies are Better Business Bureau accredited and members in
good standing of other consumer protection and education organizations such
as the National Coin and Bullion Association.
“Gold, silver, and high-quality rare coins have
performed exceptionally well in recent years. This joint venture will
strengthen all three companies by combining resources and providing
unparalleled benefits for our existing and future customers,” stated
Dr. Mike Fuljenz, president of Universal Coin and Bullion.
“We will soon launch a large, nationwide marketing
campaign including television, print, radio, and other media,” he
explained.
The 25,000-member American Numismatic Association named
Fuljenz the Dealer of the Year in 2021 and presented him with its highest
award for distinguished service in 2023. He has also been honored by the
prestigious Professional Numismatists Guild for his successful efforts to
combat fraud in the rare coins and precious metals marketplace. His free,
weekly Metals Market Report (www.MikeFuljenz.com) has won numerous awards
from the Southeast Texas Press Club and the Numismatic Literary Guild.
“Of course, I’m very excited about this new
joint venture and what it means for the three companies and for current and
future customers,” said Fuljenz, the senior numismatic expert for the
three companies. “It also will mean better performance for our
recommendations to clients and create more demand for our customers’
coins. We can increase our market impact for better acquisition options for
numismatic and bullion products.
“In addition, this will enhance our expertise,
research and development while sharing technology resources and
improvements to provide new cutting-edge services for collectors and
investors.”
For decades, 1st American, 1st National and Universal Coin
and Bullion have been accredited with an A+ rating by the Better Business
Bureau and are recognized among the most trusted dealers in numismatics and
precious metals. Combined the three companies have assisted more than
500,000 clients and transacted over $2.2 billion in precious metals and
rare coin sales..
Although 1st American and 1st National will begin doing
business as Universal Coin & Bullion, the three companies will continue
to operate as separate legal entities. For additional information, visit www.UniversalCoin.com,
call 800-822-4653, or email [email protected].
Metal Market Report July 2024
Week 1
Edition
I’m Headed for Freedom Fest This Week
Next Week, I’ll be at Freedom Fest in Las Vegas. First, I’ll
be featured on a metals panel chaired by my long-time friend Gary
Alexander, where I’ll talk about the fundamental case for gold and
coins, and how to buy metals better in Nevada, considering their sales tax
on coins. We’ll also have a booth and are holding our popular
financial seminar there, so I hope anyone coming to Freedom Fest will drop
by and visit us. Thursday, July 11, 5:05 to 5:20 on the Main Stage,
“Gold: The Freedom Hedge” Friday, July 12, 1:30 to 2:15 pm,
Room 116-117, “Meet the Experts” Financial Seminar”
Steve Forbes will also be speaking there, so I hope to catch up with
him, to see if he has revised his 2024 gold prediction. In past years, gold
was a big part of Freedom Fest, but this year, after such a strong bull
market in gold and silver, with recent all-time high prices in gold,
I’m surprised to see that there are very few speakers on gold and
silver, with very few gold or coin dealers as well, so we have a near
monopoly on helping those interested in investing in gold and rare coins.
As 2021 ANA Dealer of the Year, we have a prominent position in the exhibit
hall, so we hope to gain a new family of clients at Freedom Fest 2024.
Precious metals had a spectacular first half of the year. Gold is well
on its way to our predicted price of $2,500 by the end of 2024, and silver
has already reached our $30 target, surpassing all stock indexes.
We first dared to predict $2,500 gold in late October 2023 after meeting
with former Republican Presidential contender Steve Forbes, where he and I
predicted $2,400 to $2,500 gold when the price was in the $1,900s. He said
that the gold price could go even higher “if the wrong guys win the
2024 election,” and after last week’s dismal presidential
debate, we all know that the wrong guy “isn’t all there”
anymore. He stumbled, rumbled and bumbled his way to the finish line last
week. President Joe Biden’s cognition issues can lead to greater
uncertainty, both at home and abroad, and uncertainty is almost always a
driver of gold prices.
The major stock market indexes rose from 3.8% (Dow) to 14.5% (S&P
500) to 18.1% (NASDAQ), while gold was up 13.3% and silver was up over
23.4% in the first half of the year, despite the U.S. dollar index rising
4.5%. This means gold averaged about 18% gains in other major currencies
and silver was up over 28% in global terms. Crude oil rose about the same
as gold, so American consumers were suffering from rising inflation,
despite what the President’s advisors were trying to tell us about
the decline of inflation in recent months. The price of crude oil has risen
by 6% during June (2024) alone.
Sales of American Silver Eagles rose strongly in the first half of 2024
(up 46.5%), reflecting silver’s superior performance. Don’t
forget, our professional representatives are here to help you purchase the
best bullion products in gold and silver, as well as the most promising
numismatic coin series. Don’t Wait! Call today!
Gold and Silver Both On Track For Additional
Gains
Gold and silver beat the Dow badly in the first half of the year, while
silver beat the S&P 500 by nine points. In the first three days of
July, silver is up $1.59 and gold is up $38. In the first half of 2024,
gold has risen by $305 and it has only $142 to go to reach $2,500, so we
are more than halfway to our 2024 goal.
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