In case you missed the news this month, the price of gold has
had its biggest fall in 30 years which has raised some interesting
questions about its status as a safe haven. Even more interesting
than its sudden loss of appeal and sharp fall in value was the
revelation that since 1980, after adjusting for inflation, gold has
actually produced a Nil return. In the attached article from Jim
Parker (see below) he outlines the comparative returns of gold,
Australian and International shares over the past 30 years and
concludes that by investing in gold, you have worn extraordinary
volatility, sudden and unexplainable price drops and had no
protection against inflation for no return whatsoever.
With a big loss in the space of a few short days, we hope that
many of you did not follow the advice of those writing about the
virtues of gold right up until last year. It doesn't take long
for the tide to turn, though as can be seen in this article, fear factor'
often experienced by investors, which is more often than not
perpetuated by the media who focus on the negative.
Finally, and for some light entertainment,
this piece looks not only at the fall in the gold price, but
how the panic has spread to cupcakes and now chicken wings!.
A judgment recently handed down by Rares J of the Federal Court of Australia stemming from the myriad litigation involving Timbercorp Group and their agricultural managed investment schemes provides guidance in the interpretation of the legal effect of the statutory novation procedure contained in Chapter 5C of the Corporations Act 2001 (Act). The judgment also deals authoritatively with the issue of whether a party can conclusively determine the capacity in which that party enters into a contra
An actuarial review of the Invensys Australia Superannuation Fund showed it to be in surplus to the tune of $189.2 million. In mid 2003, the Invensys Group proposed to the trustee that the surplus be repatriated to the principal employer in the group.
To implement innovative people strategies that allow the creative genius to flourish, we must manage creative output.
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