When investors run for cover, gold might not offer the best protection
21st Jan 2006, 11:06 GMT
Seymour Schulich, a man who would rank highly on any list of the country's best investors, was inducted into the Canadian Mining Hall of Fame this week. ''It's a bit of a travesty in my opinion,'' he jokes, because he is not, in any traditional sense, a miner. Much of his fortune -- estimated at more than $700-million by Canadian Business magazine -- was earned not through the gruelling work of creating new mines but from owning royalties on mines that other guys built. (INSIDER Edition subscribers only)
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