Latest update: 11/11/2008 

- financial crisis - gold - market crash


Joseph Conway, CEO, IAMGOLD Corp.
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It's been another wild week on world financial markets. Raphaël Kahane asked Joseph Conway, CEO of IAMGold Corporation, a gold mining and exploration company, whether investors should seek shelter in safe havens such as gold assets.
THE BUSINESS INTERVIEW
By FRANCE 24 (text)

 

It's been another wild week on world financial markets, a roller coaster ride for global stocks.

In the past five sessions, the main indexes in New York, Tokyo and London recorded their biggest single-day rally and single day drop in over two decades. The price for crude oil price plunged below 70 dollars a barrel, less than half the value at its mid-summer peak.

Meanwhile, something strange happened, and it didn't make the business headlines. In hard times, investors usually seek shelter in safe havens, and the most common one is gold. But this time, gold has seemingly failed to convince as a safe haven asset.

 

Raphael Kahane asked Joseph Conway, CEO of IAMGOLD Corporation, a Toronto-2based mining and exploration company for precious metals, whether investors should seek shelter in safe havens such as gold assets.

 

 

Watch the interview by clicking 'Play Video' above.

 

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