Word: bullion
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Dates: during 2000-2009
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GOLD With bullion prices rising to levels not seen since 1983, traditional investors have shown renewed interest in gold. But rather than hoarding bars or investing in mining-company stocks, online traders can buy shares in a new gold exchange-traded fund (ETF) called Streettracks Gold Trust, which mirrors the price of gold. Available on the New York Stock Exchange, ETF shares are easy to buy and sell. A similar ETF for silver has been proposed but not yet introduced...
...despite the current boom, the number of people who see gold as a sound investment may be dwindling. The recent surge in bullion prices is keeping some Indians away from the gold stores, even though the wedding season, traditionally a time of heavy buying, has started, says Padmanaban, the Madras jewelry-store owner. "People have just stopped coming for two, three weeks," he says. "But in the end, they will accept this price. They have no other choice. They must buy gold for weddings." Won't Indians stop buying once they begin to understand they can get better returns...
Next to Venezuela's gargantuan oil industry, gold once seemed an unlikely target of resource nationalism. But Venezuela possesses about 2.5% of the world's 1 billion oz. of unmined gold reserves, and experts say about half its gold is mined by some 30,000 illegal miners. So as bullion approaches $500 per oz.--and as miners call attention to their squalid lives--gold has become a hot political as well as economic commodity...
...shoes that would place her in the record books. But she wasn't traveling light: when the couple landed in Hawaii, the U.S. Customs Service confiscated Pampers boxes stuffed with jewelry, including a gold crown and three gem-encrusted tiaras (not to mention $200,000 worth of gold bullion and $1 million in Philippine pesos). And that's just what they managed to load onto the C-141 cargo plane to Hawaii: back at Malaca?ang Palace, officials discovered a stash of jewelry estimated by the government to be worth $310 million, while a further $13 million in gems (which Marcos...
White and black South Africans united last week - on the picket lines. Gold miners in the world's biggest bullion producer went on a four-day strike demanding higher wages and better living conditions. The stoppage, the first industry-wide action for almost two decades, ended after employers agreed to a 6-7% pay increase. But low pay is not the only issue. Many mineworkers still live in single-sex hostels, symbols of exploitation under the old apartheid regime. The gold-mining companies point out that they have improved accommodation considerably; still, "the problem is to rebuild an entire housing...