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A Quiet Moment in Gold
June 16, 2008

A Pause in Precious Metals

With Gold at an extremely low point, most analysts are considering what things may come. Some are looking for a bullish burst back above $900, some still look for $1000 gold before the year is out. Others are backing off their interest and diversifying.

Commodities, the dolly of many investors for most of the first and second quarters of 2008, have become a questionable refuge since the Fed hinted at raising interest rates. The stronger dollar that we are seeing this morning adds weight and confidence to the Fed's plans. Crude oil is still very high and futures are even higher, but with pressure easing off at the pumps some are less keen on this hedge vehicle.

So where to next? Looks as though a few forward thinkers are moving money back into more conventional investment quarters. This is a surprise to many, but it may be a smart way to spread funds and secure stability, if better economic times are ahead. Maybe it's time to look around and see what's available from firmer institutions, ones which remained conservative in their financial choices during the wild lending times.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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