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Follow on Google News | Asian investors Start to eye gold equitiesInvestors in Asia are looking increasingly closely at gold equities, and companies would be wise to start paying attention, says David Garofalo, CFO at Agnico-Eagle Mines.
"It's very much an early market, and it is a market with significant inflows of capital." Speaking on the sidelines of an industry event hosted by consultancy GFMS, Garofalo said he expects to see more and more resources companies looking to access Asian markets. "Down the road, I wouldn't be surprised to see more gold mining companies start to tap that market more aggressively." "And in China, they are just starting to look outwardly in terms of foreign equities, never mind gold as an asset class. Singaporean investors have been aggressively investing in gold companies since the 1990s, but they have lately been joined by investors in Japan, which are already active in Canadian oil sands, but are now looking more carefully at gold and base-metal equities, Garafalo said. Value- "They are starting to look at gold and say, 'you know what, it retained its value, maybe we should start to look at this a little more carefully'." # # # As one of the world’s fastest growing offshore investment advisory firms, Shin Kong Wedbush seeks to create a positive economic impact as well as long-term value for our institutional investors as well as individuals. End
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