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Five Things You Must Know About Buying & Selling Gold, According to UCB President Michael Fuljenz
The recent significant increase in the price of gold may increase the chances of unwary buyers and sellers becoming victims of dishonest dealers, cautioned Michael Fuljenz, an award-winning precious metals writer and President of Universal Coin & Bullion, Ltd. (www.UniversalCoin.com).
“It happens virtually every time there’s a run up in gold and silver prices. Scam artists take advantage of investors and consumers who have not done their homework,” warned Fuljenz.
“Last year when gold and silver prices dropped, there was still so much public demand that the United States Mint ran out of some bullion coins inventory several times. I anticipate demand will rise even higher from 2015’s impressive levels. Investors should know how to get more value when buying and more money when selling,” Fuljenz stated.
He said there are five danger points to avoid:
“Before you buy or sell with a dealer, check to see the dealers’ credentials. Are they accredited by the Better Business Bureau? Are they truly experts, such as being a member of the Professional Numismatists Guild’s Accredited Precious Metals Dealer (APMD) program,” advised Fuljenz.
Universal Coin & Bullion President Michael Fuljenz has won more than 50 prestigious national and regional awards and honors for his consumer education and protection work in rare coins and precious metals, including Book of the Year. He has taught counterfeit detection classes at American Numismatic Association seminars, and was recently was awarded an Honorary Doctorate in Humane Letters by McNeese State University. A respected community leader in his hometown of Beaumont, Texas, Mike also has served with distinction as a consultant to the Federal Trade Commission, United States Mint and Royal Canadian Mint, and is on the Boards of Directors of the influential Industry Council For Tangible Assets, Crime Stoppers of Beaumont, Texas, and is a member of the prestigious Professional Numismatists Guild (PNG) and is a PNG Accredited Precious Metals Dealer.