Gold Miners Look for Investment in Companies over Bullion

Reuters reported that gold companies are looking to offer better valuations to attract investors away from bullion and towards the miners themselves.

As quoted in the market news:

Up to about five years ago, gold mining companies were accustomed to enjoying valuations that were more than twice those of other mining companies. The forward price earnings (PE) ratio of gold miners was 30-35 in 2005-2006, compared to less than 15 for world equities, but the situation has flipped.

Click here to read the full Reuters report.