Gold Isn't Worth Its Weight In Gold

With inflation at bay, central bank sell-offs are bashing investors

Jean-Marie Eveillard isn't throwing in the towel just yet. But with gold down almost $100 an ounce since early 1996, the SoGen Gold Fund manager is obviously disappointed. "I'm a patient investor, but I've said that if a sustained move in gold was not in place by late 1998, that I would write shareholders a letter suggesting they redeem shares," he says.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.