South Africa: Generalist Fund Manager Puts Faith in Gold

26 January 2003
broadcast transcript

Stewart Bailey from Mineweb.com, it was fascinating talking to Mark Kalil about gold shares, platinum shares, the different dynamics at play.

STEWART BAILEY: Indeed it was. And I think there are two very distinct investing methodologies behind those two markets and, as you said, gold obviously showing a much stronger gearing to moves in the physical bullion price than platinum, which is a very thin, illiquid market and most of the platinum is traded between the platinum producers themselves and automotive companies. You know they set those contracts in the long term.

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