South Africa’s short-term prospects are not good and its long-term prospects are even worse.
Sibanye’s total shareholder returns have outperformed that of its former parent Gold Fields by 44% since the two were separated in February.
Gold has risen to the highest weekly gain since October 2011 after US Federal Reserve chairperson Ben Bernanke called for maintaining stimulus.
Soaring purchases of gold bullion and the rising jewellery sales are helping China become the world’s biggest market for gold.
Investors are again flocking to bullion, which is giving the markets some comfort, says <b>Sharda Naidoo</b>.
Gold has reached $1 921.41 per ounce and FTSE staged ‘marginal’ recovery as double-dip recession fears sent Japan’s Nikkei index falling.
As the price of gold rests near record highs, people from Spokane to Bangkok are selling jewelry or buying bullion.
A reader wants to know how to invest in gold without using a large lump sum.
