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Monday, 23rd February 2009 (1503 views)

The number of investors interested in the stocks and shares of gold companies is expected to increase in the current climate, it has been suggested.

Chief investment officer of Cabot Money Management Robert Lutts told Reuters that he expects that area of the market to rise in value.

"Within the next year, we will see the gold stocks sell at significant premiums to traditional earnings measures or net asset value measures," he remarked, adding that he owns Barrick Gold due to the amount of metal it possesses in the ground.

Peter Spina, operator of investor website Goldseek.com, agreed with Mr Lutts.

He told the news agency that gold mining firms are a shrewd investment in the current market as costs are decreasing while profit margins are rising.

Furthermore, investment director for the Sovereign Society Eric Roseman said last week that stocks and shares in gold companies are the best investments at present, as well as gold bullion and gold coins selling close to their market value.

 

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