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Originally posted by Ardent Listener

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Originally posted by fb101

Here's a note from Mumbai India. The rupee has been dropping and gold hit a record high in the last couple of days, but this is part interesting.

Gold and silver plummeted in New York on Friday after Wall Street posted another big loss and forced investors to dump holdings in precious metals. Gold dropped as much as 9.6% on Friday, reversing sharp gains as a wave of panic prompted investors to dump assets across the board to meet liquidity needs.

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With our luck PMs will be back up on Monday.

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