Gold Market Interests Peek
Filed in archive Metallic Jewelry by tammy on December 7, 2005
According to Bloomberg.com: " ``The last month has seen Lazarus rise from the dead in terms of the interest in this gold market,'' said George, the managing director of cape
Town-based Trinity Holdings Ltd., which oversees the equivalent of $54 million in gold stocks. ``A lot of the new money is coming from financial institutions. This is not a flash in the pan.'' Gold rose to a 22-year high last week of more than $500 an ounce. Mining stocks from South Africa's Gold Fields Ltd. to Peru's Cia. de Minas Buenaventura SA are shining as well. The price of the metal, and shares of companies that mine it, may rally further in 2006 amid growing demand in China and India and shrinking supplies from mines, say investors including George." No, not a flash, no pan in site. It kind of feels good, doesn't, to know that your gold necklace or those gold hoop earrings are such a good investment?
Read more: Gold Shares Outpace Metal, Global Stocks as Bullion Tops $500
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