Will Gold Investment Glitter?

Source: koreatimes.com (10/3/07)

Investors worldwide have been seeking gold as an alternative investment. Gold is considered as, and historically proven to be, a "safer" investment asset compared with equities and housing, said Song Jae-hyeok, an economist of SK Securities.

Investment in gold and gold-related funds is drawing greater attention from domestic investors as gold prices are expected to gain further on a lack of global supply and generally weak dollar, analysts said.

Usually, the value of the dollar and the price of gold have gone hand in hand in an inverse relationship. After steep gains Monday, the gold price corrected in line with a rebound in the value of the dollar. The gold price fell back into the high $720s Tuesday after reaching a 28-year high of $747 Monday on New York and London bullion markets. It compares with around $640 in mid-August.

But analysts said that the gold price, after short-term correction, is likely to resume its upward path as further dollar declines will likely take place on the weakening U.S. economy.

"Gold will remain as an attractive commodity for investment as demand is growing from the fast rising economies in India and China with the year-end gift season approaching," said Song Jae-hyeok, an economist of SK Securities. Investors worldwide have been seeking gold as an alternative investment. Gold is considered as, and historically proven to be, a "safer" investment asset compared with equities and housing, he said.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."