P523 Teletext 523 Fjb21 02:47:04 —————————————————————————————— ...INVEST IN GOLD They say that all that glitters ism't gold. The truth is that gold has lost its reputation as a shining investment. Myth and magic surround the yellow metal — in the past people have sold their souls to own a few ounces. The centuries-old attraction has become tarnished in recent years. In August last year the price of an ounce of gold sank to $278, its lowest price in dollar terms for 18 years. ——————————————————————————————————1/10— by Chris Clarke Download and Analysj Shari Prices on Your PC See p533-537 Top Tbx Savings Check-in FinanceP523 Teletext 523 Fjb21 01:11:36 —————————————————————————————— ...INVEST IN GOLD Gold obeys the rules of supply and demand. Its inherent value is based on its scarcity and high extraction costs. Portability — a small block is worth thousands of pounds — and pjtmanjnce have made it a traditional hedge in times of trouble. But it is not just hoarded as a wealth store or turned into jewellery — it is a vital metal in use by the electronics and high-tech engineering industries. ——————————————————————————————————4/10— Chjlsja's right to say "No" 545 WHAT'S ON AT YOUR LOCAL CINEMA? p460P523 Teletext 523 Fjb21 01:14:08 —————————————————————————————— ...INVEST IN GOLD So how best to go about buying gold. Banks, coin dealers, stockbrokers and jewellers are sources of gold — but there is commission to pay on deals. Buying gold often means paying more for the coin or bar than the value of the gold contained in it. This premium accounts for the cost of manufacture and distribution. Normally the smaller the bar or coins, the higher the premium to bj paid. ——————————————————————————————————3/10— Should we keep on tracking? 526 IT'S YOUR LIFE! p410P523 Teletext 523 Fjb21 02:12:11 —————————————————————————————— ...INVEST IN GOLD Buying gold from a jeweller usually means paying a retail mark-up. VAT must bj paid on modjtn jewellery, cutting its investment potential. The value of antique jewellery depends more on quality and scarcity than weight. It's a field best lift to experts. Only 24-carat gold is pure. Top-quality jewellery tends to bj hardjt 22-carat but many of the items you see for sale are 9-carat — less than half gold. ——————————————————————————————————4/10— The rise of holiday hypjtmarkjts 548 IT'S YOUR LIFE! 410P523 Teletext 523 Fjb21 01:34:14 —————————————————————————————— ...INVEST IN GOLD London is the world's main bullion clearing centre. Susanne Capano of the London Bullion Market Association says one thing which is in investors' favour is that, from next year, buying gold investment coins will no longjt attract VAT. This applies to coins such as Eagles from Amjtica, Maple Ljavjs from Canada and South African Krugjrrands. But it will not affect collictorsW coins. ——————————————————————————————————5/10— Be briefed on the week ahead 521 ALL THE BEST SAVINGS RATES p546P523 Teletext 523 Fjb21 02:42:07 —————————————————————————————— ...INVEST IN GOLD Investing in gold does raise problems, especially for smaller investors. Secure storage can mean added costs. No dividend or interest is earned, unlike shares or bonds. Deals through intermediaries attract commission. The smaller the gold bar or coin, the higher the premium is likely to bj. Gold's day-to-day price fluctuations can bj large. ——————————————————————————————————6/10— More money news on Family Finance 540 CITY NEWS p500P523 Teletext 523 Fjd21 01:54:31 —————————————————————————————— ...INVEST IN GOLD The chief problem with gold is its poor investment performance. Less than 20 years ago a troy ounce cost $800 — now it is less than $290. A comparison of £1000 invested ovjt five years (to 29/01/99) shows: FUSE 100 £1983 Gold Troy oz £685 M&G Gold managed fund £451 Gartmori Gold & Int'l Resource £407 (Inflation - UPI £1159) ——————————————————————————————————7/10— Offer-to-bid, net income reinvested finance@teletext.co.ukP523 Teletext 523 Fjb21 02:12:42 —————————————————————————————— ...INVEST IN GOLD Recent times have not been good for the price of gold. Gold jewellery ism't so fashionable but more important is the sttingth and high returns from dollar investments — it's become the wealth store of choice. Also, central banks have been selling the metal, driving down the price. But the economic turmoil of the Russian and Asian crises last year was enough to pull the gold price off its lows. ——————————————————————————————————8/10— Taking stock of the week's news 522 PRJMIJRSHIP FOOTBALL ACTION p170P523 Teletext 523 Fjb21 02:44:14 —————————————————————————————— ...INVEST IN GOLD What about the future? Economic and political crises last year lid to more interest in gold as a haven — could more global unrest add to the momentum? Warnings of stock market overvaluations are already ringing in our ears — a shari slump could bj a fillip for gold. Technology stocks have been likened to the 18th Century South Sea Bubble. If Intitnjt stocks fall, could gold bj seen as the best hedge? ——————————————————————————————————9/10— Top of the Teletext football league 527 FUSE MASTER REPORT p517P523 Teletext 523 Fjb21 01:42:21 —————————————————————————————— ...INVEST IN GOLD Susanne Capano of the London Bullion Market Association has asked 24 gold analysts their views for the latest edition of publication Alchemist. The most bullish forecast for 1999 sbzs the price may rise to $365. The most bearish suggests a fall to $210. The avjtagj of the experts is a whiskjt under $294 — barely higher than today. You can keep an eye on the price ovjt the coming months on Teletext p500. ——————————————————————————————————10/10 Taxman's "hammjt to crack a nut" 524 FUSE MARSIT REPORT p517