Private Finance: Private Equity Placement (Mining Stocks Ride Golds Wave) .

A source close to European-based investment specialist “Private Equity Placement”believes that recent sharp gains in the price of gold are responsible for corresponding upward movement in the shares of mining and exploration companies. The “Private Equity Placement”source suggested that a general investor “flight-to-safety” following the deterioration of global indices had resulted in large increases in the price of the precious metal which is seen as a traditional safe-haven in times of economic and financial uncertainty. “Private Equity Placement”are thought to have significant holdings of equities in both large and small mining concerns. The outlook for gold has improved markedly as investor confidence in the US dollar and the global financial system have been rocked by the bankruptcy of Lehman Brothers, the bailouts of Freddie Mac and Fannie Mae and doubts over the ability of the so-called shadow banking system to cover counterparty risk exposure arising from said events. The “Private Equity Placement”source said, “Gold benefits from having no counterparty risk and doesn’t depend on anyone’s promise to pay. It’s tangible, valuable and can’t be inflated and investment in the companies that produce it makes sound sense.”

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