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Gold & Platinum at Record Highs!
January 29, 2008

It's been a rollicking day in the precious metals market. From morning through afternoon, right up until this posting Gold, Platinum and Silver have been driving into unexplored territory. Gold has hit a new record high just above $926 and Platinum is riding near $1725, with Silver at $16.66 as of this posting.

Palladium also has run up a bit to about $385, though this pales in comparison to it's tremendous highs from just a few years ago.

The continued depression of the dollar, coupled with recent concerns over possible Gold shortages due to mining power outages, seems to be at the root of the present run.

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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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