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Gold Breaks $895
January 11, 2008

Gold Aims for $900

In this afternoons trading Gold broke through $895 and remains strong, just slightly below that level as of this posting. This is all new territory for the most popular of precious metals, but investors are exhibiting exceptional confidence in gold as a cautionary inflation hedge.

If conditions remain the same, you can expect to see record breaking $900 an ounce gold today or tomorrow. If gold holds well at this benchmark, the bull may keep running.

Activity at FUN and NYINC must be crazy! Check in with Dave Harper at Buzz and George Cuhaj at Current Currency for updates from these two pace setting shows over the new few days.

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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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