Finding Value in GOLD
Gold prices rose again today, hitting its highest price level in a month. Its prices were buoyed by strong demand from China, which has in turn alleviated investors' concerns about the stability of gold. As UBS notes, it is illegal in China to export gold, and its demand for gold imports is in part due to the upcoming Lunar Year festivities. For those who want to invest in gold, either seasonal or long-term, Randgold Resources Limited (GOLD) is a very good alternative to investing in gold ETFs such as the SPDR Gold Trust ETF (GLD) or species-centric hedge funds.
Full story below: