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Silver & Gold Push on Towards New Heights

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Gold & Silver Push On

TMkplogo.gifAlthough precious metals have endured a great deal of cautionary commentary of late, weak conditions in the stock market, failure at major mortgage companies, over extension in credit, problems with the banking industry, weakness with the U.S. dollar and corrections in the rise of crude oil have all conspired to keep gold and silver at the forefront of stable liquid investments. With all living costs on the rise and the economy weak beyond belief, gold is one solid concern on a sketchy horizon.

In the early part of this week gold made another run at $1,000 an ounce, but fell short. It rests this morning, after some profit consolidation, at about $975. Silver sits at just about $19.00.

In the coin market the last 12 month have been phenomenal. Prices for classic material have been driven through the roof by a weakened dollar and burgeoning spot prices.

Lately, all of my time is being spent pushing up prices of 17th Century German States, Austrian, French and other central European coinage for our upcoming 4th edition of the 1601-1700 Standard Catalog of World Coins. To view my progress and see just how extensive and critical these updates are, please stop over at www.numismaster.com and register. For about $80.00 a year you can be at the leading edge of all things numismatic. You can see updates, additions and price changes months before the rest of the hobby gets them in the print edition.

You see what’s happening, now you can know what’s coming.

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2 Responses to Silver & Gold Push on Towards New Heights

  1. Even though things seem to look bleakest for the stock market and brightest for precious metals, I think we could see another significant counter trend rally.

  2. tom says:

    No doubt the stock market will come around. My wife said yesterday that she thought it must be a very good time to buy. My response, I think we are close enough to the bottom to start averaging in from here down and part way up the curve on the other side. Over the past year I have not increased my exposure to the stock market, but I have not decreased that wing of my investing either.

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