Gold Fever Strikes New Investors
Source: The Wall Street Journal (1/21/08)
In developing countries from China to the Middle East, new ways to invest in gold are popping up, transforming the market for one of mankind's most venerable ways to sock away wealth.
The door is opening to investors who previously wouldn't have had access to gold futures and other tools. Their rush to invest has helped fuel soaring prices -- gold crossed $900 an ounce for a time last week, and there are some calls for $1,000 -- while adding volatile new dynamics to the market.