3 - G-Resources
3 - G-Resources
3 - G-Resources
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
7<br />
Strong Gold Price Outlook<br />
► Gold – a commodity, a currency, a store of value, a hedge against inflation, a hedge against geopolitical<br />
and financial uncertainty<br />
► Buoyant gold market to continue<br />
Gold Historical & Forward Price<br />
US$ / oz<br />
1,000<br />
900<br />
800<br />
700<br />
600<br />
500<br />
400<br />
Source: Bloomberg as of 7 July 2009<br />
27<br />
936<br />
953<br />
982<br />
Forward Curve from<br />
Bloomberg based on gold<br />
spot price as of 7 July 2009<br />
300<br />
Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 2010E<br />
Jan-10 2011E Jul-10 Jan-11 2012E Jul-11 2013E<br />
Spot Forward<br />
1,017
Change language