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Article: GOLD GETS RESPECT `RODNEY DANGERFIELD' OF INVESTMENTS SEES NEW SURGE DURING UNCERTAIN TIMES.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- February 12, 2002
- Author:
CopyrightCOPYRIGHT 2002 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Heather Draper News Staff Writer
A general feeling of global and economic uncertainty has investors looking again at the ``ugly stepchild'' of investments: gold.
Gold prices have hovered at a two-year-high of $300 an ounce for several days, which has created a buzz among gold dealers and retailers.
``Our activity has increased, no doubt,'' said Claus Degler, manager of Rocky Mountain Coin Inc. in Denver. ``And it's not just in gold, but people are starting to buy rare coins. We've seen some old faces that we haven't seen in a long time.''
Degler said most customers are looking into gold as a ``hedge against economic ...