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Metals Got A Rocket in Their Pocket!
January 25, 2008

Explosive Morning For Precious Metals

All four of the precious metals we numismatists follow regularly are exploding with investor demand this morning. Buying is skyrocketing on concern over possible shortages of gold, anticipation of tough economic times on the horizon and a desire to secure a solid inflation hedge with a position in the currently ultra-popular commodity.

New record highswere established this morning for Gold at $919 and Platinum near $1690. Silver and Palladium are not far behind, with spot prices riding at nearly $16.50 and $380 respectively, at the time of this posting.

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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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