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Gold Continues it's Ascent
September 28, 2007



Gold Climbs Higher on the Back of the Weakening Dollar

A quick look back over our Friday Fix postings indicates that gold has been rising steadily for the last seven weeks. The other metals we post, silver, platinum and palladium have been following suite over the same time period.

The struggles of the U.S. dollar and it's continuing decline against a very vibrant Euro provide a genesis for the movement of investment money into metals portfolios and futures. I would guess that this trend might continue through the fall months, as employers continue to use attrition to control costs, evaporating jobs and weakening the economy, while credit problems put banks and mortgage companies in possesion of more houses.

Sounds like recession, feels like recession, metals responding as if in recession. My two-cent advice? Proceed with caution on any financial decisions, spread your investments with a mind to increasing stability and make yourself essential to the economy lest you fall between the cracks.

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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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