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

To: long-gone who wrote (94473)	4/9/2003 1:43:45 PM
From: goldsheet	Read Replies (1) \| Respond to of 116915

<Are the bulk of investors also beginning to believe that some portion of their wealth should be diversified into precious metals? > Apparently NOT the really big investors: With as much as 50,000 tonnes of gold -- enough to satisfy global demand for more than a decade -- sitting in central bank vaults, World Gold Council Chief Executive James Burton said most banks still see value in gold as a reserve asset. However, convincing private institutions to buy gold is more of a challenge, he said. In his former job as head of the California Public Employees Retirement System, with assets of $140 billion, Burton said gold investment was "never considered." "It was not on our radar screen," Burton said.