Although the price of gold fluctuated in 2021, public demand for bullion coins like the popular American Eagle series skyrocketed last year, according to Michael Fuljenz, president of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas. Fuljenz, known as America’s Gold Expert®, is the American Numismatic Association’s Dealer of the Year 2021.
“In the first eleven months of the year, the United States Mint sold over 1.2 million ounces of gold American Eagles, 51 percent more than the same period in 2020 of 794,500 ounces. This is well on the way for the best year since 1999. We have a significantly increased interest in gold and silver bullion coins from current, former and many new customers, ”explains Fuljenz.
“With government spending and deficits soaring, as well as rising inflation and global uncertainty, I predict gold prices could decline to over $ 2,000 and silver could soar to $ 27 an ounce in 2022. The market for high quality rare US coins was exceptional in 2021 and it may still go up, ”he added.
“The recent volatility of the Dow and Russell 2000 indices is a reminder that gold has been the only proven stable form of money for over 3,000 years,” he said.
Fuljenz, who has taught counterfeit detection courses for the American Numismatic Association, warns prospective gold bullion and rare coin buyers to beware of the many fraudulent advertisements on social media sites.
“Some of these platforms repeatedly accept advertisements for counterfeit coins, which are usually made in China. When you see an advertisement selling gold or silver bars below the real value of the precious metals, you wonder why someone is giving you too much sell less than you could sell to a reputable retailer? Be careful, “said Fuljenz, who received an honorary doctorate in Humane Letters from McNeese State University in 2015.
Universal Coin & Bullion President Michael Fuljenz has won dozens of prestigious national and regional awards and honors for his consumer education and protection service for rare coins and precious metals.
A respected community leader in his hometown of Beaumont, Texas, Mike has also served with honors as a consultant to the Federal Trade Commission, the Texas Attorney General, the United States Mint, and the Royal Canadian Mint. He is on the board of the influential National Coin & Bullion Association, Crime Stoppers of Southeast Texas, and a member of the accredited precious metals dealer program of the Professional Numismatists Guild.
For more information, visit Universal Coin & Bullion online at www.UniversalCoin.com, call 800-822-4653, or email info@UniversalCoin.com.
Article Source : https://www.coinnews.net/2021/12/29/skyrocketing-gold-bullion-coin-demand-soaring-rare-coin-values-in-2021-notes-michael-fuljenz/