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Gold Falls Below $825
August 12, 2008

Gold Dive Continues Below $825

Precious metals continued their nose-dive today with gold falling below $825, silver dropping to $14.65, platinum slipping to about $1525 and Palladium hovering at about $320 at the time of this posting.

A surging dollar and falling crude oil round out the rest of the picture. Crude oil has dropped to about $114.50 as of this posting, with the U.S. dollar at about $1.50 to the Euro this afternoon.

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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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