Primary Recommendation

Centamin Egypt - Set to become 600k oz gold by 2015

December 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With the price of gold continuing its mercurial ascent, a fascinating article in the Financial Times this month noted that China, now a major buyer of the precious metal, would have to more than double its annual purchases from 450 tonnes to up to 1,500 tonnes simply to maintain its share of its expanding foreign exchange reserves. The writer also makes a killer follow-up point that as China will want to lessen its vulnerability to US$ devaluations in the face of the USAâ€™s massive money printing operation, it may even want to increase its overall gold weighting, which is currently less than 2% of reserves. Given the current tightness in the market this could easily act as a catalyst for another â€œsuper spikeâ€ in the gold price, with ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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