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(Studio) Gold hits $200 per ounce in Paris, France, before price falls later in day. Predictions for gold buying discussed. Americans may purchase gold legally, beginning December 31.
REPORTER: Roger Mudd
(NYC) Gold considered high risk investment. [Banker David ROCKEFELLER - thinks buying gold unwise.] [Gold processor representative John TOEDTMAN - says many people feel gold is good hedge against inflation.] Since Japan made gold buying legal, sales haven't been rampant, but it's different story in France. [John DUCHESNE - says people buy gold because they're afraid of something.] [Analyst James SINCLAIR - believes buyers lack needed information to buy gold.] Buying gold highly speculative.
REPORTER: Robert Schakne
- Mudd, Roger;
- Schakne, Robert
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