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Gold Continues Dropping
April 30, 2008



Precious Metals in Decline

Gold continued it's steady decline yesterday and slipped below $870 shortly this afternoon. Investors seem wary in light of the expected Federal Reserve interest rate cut which may come tomorrow.

Silver sits just above $16.50 at the time of this posting with Platinum just below $1920 and palladium at $420. All showingsignificant drops in afternoon trading.



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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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