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 Leiden University catalogue |
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| Title: | The prospect for gold: the view to the year 2000 |
| Author: | Green, Timothy |
| Year: | 1988 |
| Pages: | 204 |
| Language: | English |
| City of publisher: | Braamfontein |
| Publisher: | Lowry Publishers |
| ISBN: | 0947042296 |
| Geographic terms: | world South Africa |
| Subjects: | gold trade |
| Abstract: | This book looks at the gold business in the late 1980s and asks where it is going for the rest of this century. During the last twenty years the gold business has been transformed from the days of 35 dollars an ounce, strictly maintained by the central banks' gold pool, into a free-wheeling round-the-clock trading game. This book looks forward to the challenges ahead, particularly because the present boom in gold mining has opened up a real question of the price at which all this new supply can be absorbed. The author deals with the politics of gold in South Africa and the prospects for gold mining in other African countries. He visited new mines in the Arctic Circle, Brazil, Nevada (USA), Canada, Western Australia and Venezuela. In Beijing he learned how China is renewing its age-old interest in gold. He reports on how the new electronic markets of London, Zurich, New York and Tokyo are coping with the flood of new gold. And he poses the question who will buy all this new gold output? What is the future role of central banks, investors, jewellery fabricators, and industrial users? Can the gold price really continue to advance? |