You will hear a radio interview between an economist and a journalist. For each question (23-30), mark one letter (A, B or C) fo

Part Three. Questions 23 to 30.
You will hear a radio interview between an economist and a journalist.
For each question 23-30 , mark one letter (A, B or C) for the correct answer.
After you have listened once, replay the recording.
You have forty-five seconds to read through the questions.
[pause]
Now listen , and mark A , B or C.
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Woman: As an investment, gold has been down in the dumps for decades, but lately, it has enjoyed a revival. Is it time for you to invest? Joseph Peterson is here now to tell us why he thinks you may not want to take a shine to this metal. Joseph?
Man: Barbara, there’s been a flurry lately in that glittering, glamorous, voluptuous metal—gold. Its price has run up from just over $ 250 an ounce last autumn to just over $ 300 early this past week. So, is gold a good investment? No. In fact, few investments have behaved so poorly over the years. I recall when gold in 1980 rocketed to $ 873 an ounce. It quickly slid from that arrogant peak, and for several years has been hovering between a nebbish $ 250 and $ 300. Since gold is way down since 1980 and the price of just about everything else is up, gold doesn’t even rate as a respectable hedge against inflation. But if you do insist on buying gold, you’ll have several choices. Hard-core pessimists who have no faith in any currency would prefer gold bars as an investment; "ingot" they trust. The trouble is gold bars pay no dividends, but you have to pay for storage and insurance. Better than bars are one-ounce gold coins. The trouble is you have to pay more than their gold content is worth and sales taxes on top of that. You may be best off with shares in a diversity of South African and North American mining companies. But mining stocks are typically even more volatile than the metal itself, rising and falling much more than the price of gold. And gold mutual funds can be as unstable as nitroglycerine. Whatever you buy, gold stocks or gold mutual funds or gold metal, many analysts say that your purchase should be only a relatively modest share, perhaps no more than 5 per cent of a well-diversified investment portfolio. Barbara?
Woman: Joseph, should we buy gold jewelry?
Man: Of course, buy it for the love of your life. It’s a thing of beauty for you to wear and enjoy. But don’t buy it expecting some day it will sell for a higher price. It won’t.
Woman: OK. A good time of year for that advice, too. Joseph Peterson, thanks very much.
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Now listen to the recording again.
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That’s the end of Part Three. You now have ten minutes to transfer your answers to your answer sheet.
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