Does every modern portfolio need them?
Article Abstract:
The most important attraction of gold is that it is universally saleable. Gold is not regulated by a central bank and it is liquid. The second most important attribute of gold is that it is historically a store of wealth when things go wrong in national or world economies. In the event that investors lose faith in inflated stock market prices, or if there are trade wars, high third world debt, or a US Democratic party victory in 1988, precious metals, and especially gold, would be one of the few safe places left. Neither platinum nor silver, both of which are essentially industrial metals, hold the same appeal as gold. Platinum's primary hold is in its use in pollution control devices and its relative scarcity. Silver is very popular with the US general public because of its relatively low price.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Shareholder crises and private placing
Article Abstract:
A private placement is the sale of a minority interest of the shares of a company to an institutional investor. The most common reasons for private placements are spreading personal risk and providing capital for the company or the owners while retaining control. The advantage of private placements is their flexibility. Agreements can be structured to the specific circumstances of a company since the shareholders are only dealing with one institution. Private placements are good for private companies that desire to remain private and independent. A private placement, unlike a flotation, requires no public disclosure. A private placement can provide an interim stage before a flotation, improving the prospectus and avoiding taking too much money out of a company at time of flotation.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1989
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Consolidators? Who needs them?
Article Abstract:
The role of consolidators, who buy up small accountancy practices in the US and let the partners work for salaries, is examined, with focus on the opportunities that this could provide for UK accountants.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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