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Gold and other precious Metals decline
August 09, 2007

Drops in all precious Metals

A quick glance at this mornings precious metals trading reveals that gold, silver, platinum and palladium are all on the decline. After a nice run for gold earlier in the week brought us near the $680 mark, this mornings dip of almost $11.50 as of 11AM eastern time, pulls it back below $665.

Burgeoning investor interest in gold and other precious metals has led to an increased volatility and heightened sensitivity to all kinds of market factors. Collectors should keep an eye out for bargains, as well as selling opportunites.

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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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