May 2012, Week 3 Edition (published by Texas Coin Company Universal Coin - an award winning national gold & silver dealer helping customers buy gold since 1994)
The Gold Standard Worked Far Better Than the Current "Fiat Money" Era
Nearly all academic economists today say that the gold standard "didn't work," that it put nations in a "strait jacket" and led to greater and deeper depressions. But a December 2011 report by the Bank of England showed that the world grew much faster under the Bretton Woods (gold exchange) standard, in force from 1945 to 1972, than it did in the 40 years since then. From 1945 to 1972, nations grew the fastest of any period in the past 150 years. Inflation was far lower from 1948 to 1972 than it has been in the last 40 years. For instance, gold was worth a stable $35 from 1934 to 1971, but since Nixon closed the gold window in 1971, gold is up 45-fold. That means the dollar is down 97.8% since 1971.
The gold standard may return. The over-spending of governments virtually guarantees the return of gold. If that happened, the price of gold would most likely rise to $8,000 or more, but a pure gold standard is probably too radical for politicians to accept. If the public demands honest money in the future, politicians may be forced to use a "basket" of commodities, with gold and silver playing the primary role. In that case, you could expect at least a doubling, to $3500 or more, just to back up the currency in circulation.
Is Buffett Anti-Gold? That Depends on Which Buffett You Ask
The financial news channels were abuzz last week about the disparaging comments Warren Buffett made about gold. Buffett said gold has limited industrial demand and "will remain lifeless forever."
Perhaps Buffett is tired of people pointing to the superior performance of gold and silver over his stock, Berkshire Hathaway. Starting in January 1, 2000, Buffett's Berkshire Hathaway stock has more than doubled, rising 120%, but gold is up 446% and silver is up 435% in the same time span.
Buffett's parents were more respectful toward gold. Buffett's father, Congressman Howard Buffett, was the Ron Paul of his day. He wrote an essay in support of a gold standard, called "Human Freedom Rests on Gold Redeemable Money."
NGC President Visits Universal Coin & Bullion
(Beaumont, Texas) -- Rick Montgomery, President of Numismatic Guaranty Corporation, visited the offices of Universal Coin & Bullion (www.UniversalCoin.com) in Beaumont, Texas on October 6, 2011 to meet with the company's sales staff and discuss the importance of third-party authentication and grading for consumer confidence and assets liquidity in the numismatic marketplace.Michael Fuljenz Interviewed by FOX Business Network, Honored at World's Fair of Money
(Rosemont, Illinois) - As gold prices soared, national news media obtained expert commentary and advice for investors from Michael Fuljenz, President of Universal Coin & Bullion of Beaumont, Texas, (www.universalcoin.com) during the Chicago World's Fair of Money(SM), August 16 - 20, 2011.Mike Fuljenz Awarded Again For Consumer Protection Investigations
Michael Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas, has been honored with excellence-in-journalism awards from the Press Club of Southeast Texas in connection with his consumer protection work about traveling gold buyers. He has been assisting with news media investigations of gold-buying companies...Mike Fuljenz Interviewed by NewsMax For MoneyNews.com
Metals Expert Fuljenz: Gold To Surge Up To 30%Gold will be a solid investment, climbing an average of 10 percent to 30 percent over the next couple of years regardless of whether the Federal Reserve halts injecting liquidity into the financial system, says Michael Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas.
