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Back to it on Friday!
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(November 12, 2010) We hope you remembered to salute our Veterans, whether of World War II, Korea, Vietnam, Lebanon, Kosovo, Kuwait, Iraq, Afghanistan, or wherever our troops have been deployed around the world. It's been a wild month so far in gold, silver, palladium, and platinum, and now we're back.
"Commodities Prices Surge" was the headline on the front page of Wednesday's Wall Street Journal:

"Strong demand for raw materials from emergin markets and a flood of money promised by the U.S. Federal Reserve are pushing commodities prices to new highs."

The promise of more money creation via the Fed and Treasury was the prime mover in this latest series of price increases, even before the planned "QEII" could leave the dock. Gold hit a new record at over $1400, silver traded at a 30-year high on Wednesday at over $29 at one point, and palladium reached the $700+ level for the first time since the 1990s.


 

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Onlygold did business at the same location for more than sixteen years. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973.

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In addition to gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins and currency for our retail business. Feel free to call us for quotes or price indications on anything in coins, bullion, and paper money.

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