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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (84197)	4/4/2002 10:22:43 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 117064

Gold Aims to Recapture Its Lustre as a Safe Hedge in Troubled Times Source: Knight Ridder/Tribune Business News Publication date: 2002-04-03 Apr. 3--After years of playing the part of Cinderella to other more-favoured financial assets, gold is finally shaking off its dowdy image and taking a shot at gaining the prize for best-performing asset market of 2002. Since 1997, $300 (UKpound 208) an ounce has been a ceiling for gold as a combination of central bank auctions and lending to hedge funds, forward sales by gold producers and the much-touted death of inflation conspired to keep the price well below its historic high of $870 hit in 1980. To those gold bugs who have never given up hope that this once lauded store of value would again take its rightful place in the pantheon of credible financial instruments, the poor performance of the commodity has been nothing short of a conspiracy. Indeed, according to many gold aficionados, particularly those at the Gold Anti-Trust Action Committee, the US Federal Reserve, the US Treasury and European central banks, in league with major US investment banks, have conspired to keep the price of gold low. cnniw.yellowbrix.com