Friendless metal

Article Abstract:

The gold market has been affected by central bank sales of bullion and could also be affected by world deflationary trends. Australia's central bank has carried out bullion sales and the Swiss central bank is to follow. Gold prices have not risen despite a drop in stock prices, and this could reflect deflationary trends. Gold demand is still greater than the supply of gold from mines, but prices are not likely to recover until central banks appear likely to have ended their sales of bullion.

Gold Bullion, Prices and rates

---

Gold shines as export earner

Article Abstract:

Gold has become more important than cocoa in earning foreign exchange for Ghana, accounting for $647 million or 40% of the country's foreign exchange earnings for 1995. Ashanti Goldfields is the biggest Ghanaian mining concern and the government successfully privatized a 30% stake in the company in 1994. Ashanti has invested in its Obuasi mine and invested $90 million in surface gold mining in 1990. Teberebie Goldfields ranks second among Ghana's gold producers and began operations in 1986.

International trade, Ghana

---

No call for a gold rush

Article Abstract:

Gold funds specialise in gold mines which is a more speculative investment than gold bullion. Some of the portfolio of these funds is invested in high risk stock which can bring great rewards or lose money. Gold prices have tended to be static in the two years to 1995 so mining stocks become more attractive. Gold prices do not look likely to rise sharply. Prices have become more stable partly due to forward selling by mining concerns.

Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds

Similar abstracts:

• Abstracts: Netting out the costs of a phone call. Profit sharing and monitoring in partnerships. The memory of the future
• Abstracts: Twelve steps to walking the talk. The knowledge management paradox
• Abstracts: Renault needs a supermodel. Relying on the power of people at Saturn
• Abstracts: Credit, made in Japan. Japan: in the vanguard
• Abstracts: Deficit danger for equities. Uncertain prospects for quality in value stocks

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.