Gold Diggers

In general, stock market tends to go lower when inflation can’t be controlled. In that matters, smart money buys gold. Unlike stocks, gold is a true asset. It is a unique investment to fight inflation. That’s the reason central banks around the world keep Gold. However, with the recent stock markets volatility, many investors buy gold to hedge their portfolios. It is no surprise to see gold price gets dragged down when the stock markets go down because gold investors take profit to offset loss in other investments.

17-Mar-2008: Spot Gold hit above USD $1,000, closed at all time high of $1,034 an ounce.

02-Nov-2007: Spot gold hit USD $800 an ounce, closed at $808.50 up $14.80.

01-Oct-2007: Spot gold hit 28-year high, closed at USD $754.10 an ounce as a weaker U.S. dollar made the metal more attractive to investors.

The following companies engage in the exploration, acquisition, and production of gold:

Barrick Gold Corp. (ABX) Newmont Mining Corp. (NEM) Goldcorp, Inc. (GG) AngloGold Ashanti Ltd. (AU) Yamana Gold, Inc. (AUY) Eldorado Gold Corp. (EGO)

The Exchange-Traded Fund (ETF) that tracks gold future contracts is:

• streetTRACKS Gold Shares (GLD)