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Gold Above $900 Again
January 24, 2008

Gold Tops $900 Barrier Again

Gold cracked that resistant $900 barrier again this morning, rising to $905 as I write this posting. This comes after a short but deep correction which drove the precious metal back to $865 within the last week.

These wild swings are distressing, though confidence in the investment quarter remains very strong. The Federal Reserves lowering of interest rates was the spark for this current drive. The U.S. dollar showed some strength before the Fed move, but afterward has again slipped against the Euro, making gold, silver and platinum all interesting propositions for those seeking cover from the storm.

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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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