First published in 1983, this book provides a comprehensive view of gold and gold trading in its many facets, and identifies those sources of information that are important for an understanding of the world’s gold markets. The author looks first at gold’s changing role since 1960; in particular, the change from the fixed price to the present free market determination of price. The different forms the demand for gold takes – bullion, paper or in fabricated forms such as jewellery – are explained in detail. This is followed by an analysis of the supply side – new gold production and the circulation of existing old gold. The survey concludes with an assessment of the gold market and of gold prices now and in the future.
Table of Contents
1. List of Tables 2. List of Figures 3. Acknowledgements 4. Introduction Part I: Gold in the International Monetary System 5. Gold in the International Monetary System, 1960-1980 Part II: The Demand Side- The Forms and Uses of Gold 6. Introduction to Part II 7. Gold Bullion 8. Gold Coins 9. Fabricated Gold 10. Paper Gold 11. Recent and expected Patterns of gold Use Part III: The supply Side- the Mining of Gold 12. Introduction to Part III 13. The Nature of Gold Mining 14. Gold Mining in South Africa 15. Gold Mining in the Communist Sector 16. Gold Mining in North America 17. Gold Mining in Australia, Papua New Guinea and the Philippines 18. Gold Mining in Sub-Saharan Africa 19. Gold Mining in Latin America 20. Gold Mining in Asia and Europe 21. The Future Production of Gold Part IV: The Supply Side- Old Gold 22. The Supply side- Old Gold Part V: The Gold Markets 23. Introduction to Part V 24. The Spot Markets 25. The Futures Markets Part VI: The Price of Gold 26. Introduction to Part VI 27. The Law of One Price, the Rand-dollar Relationship and Gold 28. The Price Performance of gold Investments 29. The Price Responsiveness of Components of Gold Demand and Supply 30. The Economics of gold Price Movements 31. Auctions, clubs and Cartels 32. The 1979-1980 Price Bubble and the 1980-1981 Burst 33. Technical analysis, Trading Strategies and the Gold Price 34. Gold 1983 and Beyond 35. New Gold Mine Developments or Expansions as at March 1983 36. Newsletters 37. Index