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Gold Breaks $900 an Ounce!
January 14, 2008

Gold in Uncharted Territory Above $900 The bull market for gold kicked off this morning by running up to a new all time record high of just above $914 before settling in to $910 as I write this posting. Keep an eye on The Bullion Desk for changes to gold and other precious metals, or stop back here for updates. Expectations of a further reduction in prime interest rates in futile Fed attempts to stem off a recession which has already begun are at the heart of investors buying. The free falling dollar is both a result of Fed announcements and another reason for investors to secure the stabilizing effect of gold on any mixed portfolio.
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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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