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Are There Gold Addicts?
August 11, 2011



They say you can get addicted to computer games as the brain comes to crave the endless stimulation.

Can that happen to those of us watching the precious metals markets this week?

I came in this morning and felt a great sense of letdown when I saw that the price of gold had not sprinted another $40 or $50 higher since I had last checked its price yesterday.

Worse, it was actually down $18.

I haven’t gotten my daily fix of gold action. How can I cope?

Rapidly escalating gold prices also reminds me of watching the prices ratchet higher and higher on the gasoline pump as I fill up my car.

The rapid changes on the electronic meter are almost hypnotic.

Of course, that may be stimulation, but it is of another sort. When the numbers break into new high ground I am anything but elated. My rational brain kicks in and tells me that this is a kind of action I do not need.

Better to disengage and listen to the birds or the noise of passing cars – anything but looking at the gas pump prices.

Gold, however, is altogether different. It cannot be ignored. It should not be ignored.



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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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