Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Mazzarella who wrote (58298)	9/18/2000 9:22:26 PM
From: lorne	Read Replies (2) of 116762

AngloGold CEO warns gold industry could fade into 'oblivion' Story Filed: Monday, September 18, 2000 1:51 PM EST SEP 18, 2000, M2 Communications - Gold is at strong risk of losing its character as a serious investment venue, something that people think about when they decide what to do with their money, according to Bobby Godsell, the chief executive of South African gold producer AngloGold Ltd. If mining companies don't succeed in reviving the gold industry's weakened image the industry is in danger of 'oblivion' within a few years, Godsell warns adding he is very much in favour of the cheapening of gold to make it available for everyone. AngloGold earlier this year paid ZAR55m for a 25% stake in South African jewellery group OroAfrica and plans to use the group for an assault on the youth market, particularly in the US and Europe and possibly in China. The gold producer has also formed an e-commerce venture called the Gold Avenue with JP Morgan and is working with the World Gold Council on the liberalisation of China's rigidly regulated gold industry to increase gold jewellery consumption. library.northernlight.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next