20
December
Baker Steel Expects Record Gold Prices in 2011
20 December 2010 Bloomberg.com
Baker Steel Capital Managers LLP, a London-based firm managing about $1.7 billion, plans a new gold fund, predicting another year of record prices for the metal.
The fund will hold physical gold and shares of producers worldwide, Managing Partner David Baker said in an interview. He’s seeking as much as $200 million from investors, mainly in Europe, and may start buying assets for the fund next quarter.
