Gold’s role in the next millenn
Gold has been going through a lean patch in recent times. Naturally, there is a big question mark over the future role of the metal in the next millennium.
Spreading the basket
The old adage of not putting all ones eggs in one basket still holds good. Investment pundits prescribe diversification as an effective way to reduce the risk element.
Hallmarking: Gross apathy
It is indeed a sad state of affairs that even nine years after the reforms have been ushered into the bullion markets in the country, the consumer is left at the bottom of the list of priorities by all concerned.
Gold deposit scheme -- It’s different
Yashwant Sinha has always been innovative about gold. In 1990, it was Sinha who by swapping 40 tonnes of gold in a hush-hush operation, got India out of a tight ‘Balance of Payments’ situation.
Bullion exchange -- Is India ready?
The first two decades of this century saw a debate raging among the Indian freedom fighters. The point of contention between the two protagonists -- Tilak and Agarkar.
No Y2K impact on gold price
Dr Stewart Murray took over as CEO of the London Bullion Markets Association (LBMA) just over a month ago. Prior to that he was the CEO of London-based Gold Fields Mineral Services (GFMS) till June 1998.
LBMA &Y2K
The LBMA is taking no chances with the Y2K bug over the turn of the century. It has set some guidelines to minimise any adverse impact of the bug.
CASE STUDY
The Turkish gold craze is similar to that in India. Turks privately hold about 4,000 tonnes of gold, mainly for adornment. In the early 90’s.
My dream is a Mumbai bullion fix
Bhargava N Vaidya is a rare breed in the Indian gold market, a professional in a market place full of family scions. Now a director with the BBA and a bullion advisor to several banks and bullion houses.
In Conversation
The problems of price rise show just how important it is to have a forward market for the precious metals. Markets will work efficiently only when hedging is available.
Towards a mature market
Derrick Machado has taken over as regional director, India, of the WGC, a non-profitmaking organistaion promoted by some mining companies.