Lining up at fuel stations may be the flavour of the week. But not long ago, gold bullion was the resource that consumers were queuing up for in Sydney’s CBD.
Little wonder. Gold prices have risen more than 150 per cent since the start of 2024, so it’s surprising that any professional investors would want to decrease their exposure to the precious metal. Yet that’s exactly what the ultra-rich Maloney family (of MAC Services Group fame, the mining services company it sold for $340 million in 2010) recently did.
