Word: gold
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...says. No one knows when a cycle will end, Rogers says, but it's clear from his ebullient tone that he believes the best part of the ride is still ahead. That especially holds true for certain commodities that have not yet had their big run. "I like gold [partly as an inflation hedge], but I'm even more interested in silver, which is still 70% below its all-time high...
...archaeologists who are licensed by the Port of London Authority to scavenge the banks of the Thames for historical artifacts. Because of Brooker's oversize frame, his talent for major discoveries and his overall awesomeness, he is known by admirers as the Mud God. (See pictures of modern day gold prospectors...
Britain is crawling with so-called metal detectorists, who make a hobby - and often an obsession - out of unearthing treasure from the country's rich past. Occasionally they strike gold, like Terry Herbert, a 55-year-old Staffordshire man who, it was announced Sept. 24, discovered more than 11 lb. of Anglo-Saxon gold on a farm north of Birmingham. But mudlarks, who consider themselves élite archaeologists, tend to view treasure seekers with disdain. While anyone can obtain a permit to search the five or so miles of the river's southern foreshore between Westminster and Wapping...
This being Britain, mudlarks follow protocol from a higher power. Codifying a centuries-old tradition, the Treasure Act of 1996 dictates that any object dating from before 1709 and containing more than 10% gold or silver belongs to the Queen, although the finder and the landowner must be compensated. (The Staffordshire gold has been tentatively valued at more than $1.6 million.) But mudlarks are more interested in connections to history than they are in bounty, Brooker emphasizes. Objects with emblems, seals and signatures are the most prized because they identify their former owner. "Everybody should have someone to remember them...
...Another winner is gold, which breached the $1,000 level in September as the dollar started to weaken and then hit three record highs after the Australian announcement, ending the week at $1,049. Gold is still regarded as a hedge against a weak dollar and also against inflation. No one is listening to Warren Buffett, who describes the metal as having no utility, something that gets dug out of the ground, melted down and then buried again in another hole guarded by people who are paid to do the job. "Anyone watching from Mars," says the Sage of Omaha...