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Silver Slips
August 19, 2008

Silver Slips Below $13 Again

Continued weakening of precious metals prices has brought silver below $13 again this morning. Atr time of this posting it rests at about $12.90, with gold at about $790.

Platinum and Palladium have been hit harder over the last weeks. Palladium has reached a six year low and sits at about $276 this morning , with Platinum just shy of $1340.

For a time, the coin market will remain moderately uneffected by this current appearance of bearish trading decline. However, if it lasts through into the fall, I will be kept very busy lowering prices on modern gold coins for the new editions of the 20th and 21st Century Standard Catalog of World Coins books.

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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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