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Gold/Mining/Energy : IPMG - International Precious Minerals Group

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From: rrm_bcnu	12/21/2005 7:08:56 AM
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Massive Reallocation of Funds Into Gold Author: Monty Guild Tuesday, December 20, 2005, 7:02:00 PM EST A recent survey of institutional money managers by Barclays Capital confirms the subjective ad hoc research that my contacts in the institutional investment world have provided me. In conversations over recent weeks, my contacts have said that they plan to put 5% of their massive pension fund, mutual fund and hedge fund assets into gold. Independently, it came to my attention today that Barclays Capital did a survey of their institutional clients and 70% of them said they would have 5% of their assets in gold in three years time. This is extraordinary, and would require a huge price rise of existing gold mining shares to accommodate all of that money. For example, Newmont Mining has a market capitalization today of about $23 billion dollars, Barrick Gold about $15 billion, and these are the big companies in the public gold mining sector. I am researching the total market capitalization of all public gold mining companies but it cannot be very high. Certainly, it is a great deal smaller than $460 billion dollars. The total investment capital in the world is rumored to be about $46-$50 trillion. Now 5% of $46 trillion is $2.3 trillion and 1% of $46 trillion is $460 billion. If the amount of gold shares purchased over the next three years equals even $460 billion it will cause the total value of all listed gold shares to skyrocket. -x- Got Gold? rrm

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