1st National Reserve
  SHOP NOW   |   1.800.321.8700   |   MY ACCOUNT  
Coin Symbology: What Do Coin Designs Mean?BBB, ICTA, NGC
investment_book_of_the_year_tall.jpg
 
NRA-Business-Alliance.gif
Metals Market Report Weekly Archive
 

The Mike Fuljenz Metals Market Report

July 2018 - Week 4 Edition

Gold closed at $1,232 Friday after dipping to $1,211 on Thursday, July 19, mostly based on a dip in the U.S. dollar after President Trump criticized the Fed for raising rates and said that a strong dollar is hurting U.S. trade policy. Meanwhile, the Chinese have been rapidly devaluing the exchange rate of their yuan in order to erase the penalties inherent in the tariffs President Trump raised on Chinese exports to the U.S.  However, the dollar recovered somewhat on Monday and so gold retreated back to $1,224.

Buy the Bargains Now, So You May Double Your Money Later

Back in 2006, I bought a house in my hometown of Lake Charles, Louisiana. It was on the lake with a dock in a gated community. It was a year after hurricane Rita and the home still needed some work. Real estate prices were down for a variety of reasons, including the aftermath of the hurricane, but I figured that lakefront property was scarce, and more casinos and industry were rumored to be coming to the area, so it seemed like a good investment. Now, 12 years later, billions of dollars in industrial construction are underway, a new large casino has expanded, and hotels are popping up all over. I recently turned down an offer of about double what I paid for my home, and quality lakefront property is rarely offered for sale.

Similarly, gold looks to be depressed now. The dollar has been up and gold has been down but I, like J. P. Morgan and Commerzbank, see what’s coming, just like I saw quality lakefront property before the boom.  In past reports, we’ve shown how the national debt is rising to over a trillion a year again, how gold is becoming harder to find and to excavate and how the fall and winter are the best times for gold.

Likewise, I have reported on four billionaires who are actively buying high-end rare coins priced at $2,500 and up for their complete sets, much like buying a lake house when the prices are low.  Now I have learned of a fifth billionaire aggressively buying, along with other multimillionaires.

Just like buying a lake house in my hometown after a devastating hurricane, it is time to buy quality rare coins as I see gold and silver rising over the next year and new customers flocking to the coin market. Don’t wait and have to pay twice as much for the same rare coin, if you can even find it in the future!  Call us today!

The Press is Obsessed with Russia, While China Poses the Major Threat

After Present Trump met with Vladimir Putin in Helsinki last week, the press and various pundits have seemingly gone out of their minds in leap-frogging over each other with excessive commentaries about the President’s “treason” (according to biased former CIA Director John Brennan), an impeachable offense subject to the death penalty under federal law! The Washington Post on Friday published an editorial saying the “Entire Republican Party is Becoming a Russian Asset.”  Every time I think some in the press and some Democrats are going “over the top” in their rhetoric, I see them going farther over the top the next week.

All this reminds me of a magician’s trick. The magician keeps your eye on one hand while the other hand is doing the magic. The world’s eyes are on Putin – a dangerous man, to be sure – but the major culprit we should fear right now is mainland China, which is far more adept at “hacking” than Russia ever was. China is a far more powerful economy – it’s #2 in the world, vs. #12 for Russia, behind Canada or South Korea.  China is the main culprit in our trade deficit, accounting for nearly two-thirds of our trade deficit.

President Trump has threatened tariffs on the majority of China’s exports to the U.S., but most of those tariffs will not take effect until September 1, giving China time to negotiate trade treaties, which would include a lowering of their tariffs and an end to their product piracy of copyrighted U.S. technological trade secrets and counterfeiting of U.S. products – including bullion coins and rare coins. Chinese counterfeiting was extensively covered in my previous reports.  Some Chinese officials favor negotiation, but their supreme leader, who has just made himself “leader for life” (unheard of since Mao’s day), has dragged his feet, wanting to “save face” by standing up to the American giant.

What the Chinese have done over the last three months – and you hardly see this anywhere in the U.S. press these days – is to devalue the Chinese currency, the yuan, to offset the costs of the proposed tariffs.  Three months ago, the exchange rate was 6.25 yuan per U.S. dollar ($0.16), but now it’s 6.8 ($0.147), an 8% devaluation, which is a huge trading advantage for the Chinese, offsetting the higher cost of their exports sent to the United States.  If a new tariff is 10%, the 8% devaluation makes the “real” tariff 2%.

I will continue to watch the China threat, even though much of the country is consumed with the Russian threat.

 

<<<<< Please contact your Account Representative for more details. >>>>>




Important Disclosure Notification
All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Publisher's knowledge at this time. They are not guaranteed in any way by anybody and are subject to change over time. The Publisher disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions. Arbitration: This company strives to handle customer complaint issues directly with customer in an expeditious manner. In the event an amicable resolution cannot be reached, you agree to accept binding arbitration. Any dispute, controversy, claim or disagreement arising out of or relating to transactions between you and this company shall be resolved by binding arbitration pursuant to the Federal Arbitration Act and conducted in Beaumont, Jefferson County, Texas. It is understood that the parties waive any right to a jury trial. Judgment upon the award rendered by the Arbitrator may be entered in any court having jurisdiction thereof. Reproduction or quotation of this newsletter is prohibited without written permission of the Publisher.

 

 

Discover the benefits of rare mint state gold coins in your portfolio - call 877.751.5453

Call between 8:30 A.M. & 5:00 P.M. CST Monday - Friday
SPOT PRICE (NY)