Word: goldings
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...soul born from the inspiration and design process," says Cobonpue, adding that his ideas come mostly from the natural richness of Cebu. One exception is his award-winning Lolah chair, which Cobonpue says was inspired by a softly dented can of Coke. Talk about turning base metals into gold...
...antiquities curator Marion True on trial for trafficking in looted works. Then in February, New York City's Metropolitan Museum of Art agreed to return to Italy the Euphronios krater, a 2,500-year-old vase. The Greek government is negotiating with the Getty for two other artifacts - a gold funerary wreath from the 4th century B.C., and a 6th century B.C. marble statue of a young woman. And it won't stop there. Time has seen an internal Culture Ministry memo listing 10 more wanted works. They include a grave marker from 340 B.C., housed at Harvard's Sackler...
...still a relatively small business--totaling $350 billion compared with some $7 trillion invested in conventional U.S. mutual funds. But ETFs are attracting so much attention that some financial pros believe they're moving markets in certain precious metals, alternative energy, water and other areas. Those pundits suggest that gold ETFs--formed by trusts that hoard the glistening, 400-oz. bars in London vaults--have become reflexive, a term applied by billionaire investor George Soros. Think self-fulfilling prophecy. In this case, it means the new ETFs signaled a shortage of physical gold available, making the metal jump in price...
...Wiandt, a co-author of the first book about ETFs and publisher of website IndexUniverse.com says, "On its face, the daily volume of gold ETFs represents a drop in the bucket for the world market. But markets are reactionary to news, and there's no question that when the first gold ETF [GLD] came out, the market moved...
...stash to support their ETF was going to move the market." Interest-rate jitters and overheated speculation led to declining prices for most commodities beginning in May, however, and by the end of June, SLV was trading close to its lowest levels. Barclays downplays any notion that SLV, its gold fund IAU or, for that matter, any of its 184 other ETFs might have tilted global indexes. "ETFs as a whole represent about 5% of total mutual-fund assets, so they're not going to drive markets," says Barclays' Kranefuss...