Gold, no longer such a precious metal

Article Abstract:

Gold prices dropped in Jul 1997 to a level only seen 12 years previously following the sale of gold reserves by Australia's central bank. Gold mining companies have been affected, as have investors in unit trusts specialising in gold. Mining companies could close some mines but this is unlikely to occur unless the price drops further. Gold prices are likely to recover over the longer term but could still drop over the short term. Investors may prefer to sell if they cannot retain investments in gold for two years, though there are grounds for optimism.

Gold Mines, Gold Ore Mining, Gold ores, Gold mining

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Gold: bull of bullion

Article Abstract:

Barton Biggs from Morgan Stanley argues that gold is a good investment. Gold prices look set to rise due to increased concern about inflation. Rises in inflation and gold prices are unlikely to be as spectacular as they were in the 1970s, but some growth is likely. Gold has tended to be dormant then rise sharply for short periods, and investors need to anticipate the rises. Liquidity considerations also indicate that gold prices could rise.

Securities

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