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28-year high sparks new gold rush

Capital Gazette Communications
Published 09/23/07

If you're looking to secure your status as a Bond villain, now would be a profitable time to knock over Fort Knox.

Paul W. Gillespie Gary Watts, chief numismatist at the Annapolis Coin Exchange, shows off some gold coins. Prices above $730 an ounce have renewed interest in gold.
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Gold hit $745 an ounce last week, a 28-year high, as the dollar's value slid, and Annapolis Coin Exchange owner Bob Hambleton already has seen more buyers and sellers looking to cash in.

"Even a one-day spike we see an increase of business," he said. "You can plot it."

In the frenzy 28 years ago, Mr. Hambleton said dozens of people would be lined up in front of his Old Solomons Island Road business waiting to buy or sell gold in the hopes of turning a fast buck, forcing him to hire additional security.

"It...

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