The Soviet Union has good prospects of becoming the dominant supplier of gold in the world, for its own mining reserves are large and the deposits in the Western world are nearing exhaustion. This need not however - as is shown in the following article - give rise to excessive fears in the West...

We find that gold has not performed particularly well compared to other assets. However, there is a place for gold-related assets in institutional portfolios separate from commodities and energy equities. The role for gold lies in its diversification and macroeconomic hedging benefits.We examine...