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


To: Chispas who wrote (95839)9/7/2003 9:19:18 AM
From: Chispas  Read Replies (1) | Respond to of 116753
 
NEW ROADS TO GOLD...From today's NYTimes.com..

nytimes.com

Snip...

"SENSING a renewed appetite among Americans, a small army of foreigners is invading the United States with new kinds of gold investments.

Ten small and midsized Canadian gold producers have been listed on the American Stock Exchange in the last year. The World Gold Council, a promotional group based in London, is awaiting approval from the Securities and Exchange Commission for a new exchange-traded fund backed by gold bullion. A similar fund was set up this summer on the Toronto Stock Exchange by a Canadian group with significant participation from American investors.

"When gold gets moving, there's nothing like it," said Ilja Graulich, general manager for investor relations at Durban Roodepoort Deep, a South African gold producer that also has interests in Australia and Papua New Guinea and is listed on the Nasdaq. "It's very easy to get hold of money at the moment," he said."