Word: goldings
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...offering with the word China attached to it, hoping to cash in by flipping their shares within hours or days of buying them. The bet is not a bad one: shares of China Life Insurance, the country's largest insurer, are up 64% since their Dec. 18 debut. Gold-mining company Fujian Zijin Mining Industry saw its stock price surge 73% in its first day of trading on Dec. 23. "The market is getting hot on IPOs," says Yang Liu, managing director of Atlantis Investment Management in Hong Kong. But she quickly adds a cautionary note: "We have...
...Just 45 minutes from the raucous theme parks and gaudy casinos of Queensland's Gold Coast is one of Australia's best-kept secrets and possibly its finest distiller. The Tamborine Mountain Distillery, tel: (61-7) 5545 3452, uses a myriad of organically grown fruits and botanicals?such as jaboticaba, raspberry, pink grapefruit, wild peppermint, melon and lemon myrtle?to make an award-winning range of spirits, sold in hand-painted bottles...
...world's richest man in 1937 was His Exalted Highness the Nizam of Hyderabad, an Indian potentate. TIME featured him on its cover that year, estimating his fortune at $1.4 billion, including "$150,000,000 in jewels [and] $250,000,000 in gold bars." Such fabulous wealth enabled free-spending Indian princes like the nizam to fill the best hotels in London and Paris with massive entourages that made impossible demands and gave outrageous tips?long before Arab sheiks got into the habit. The nizam and his ilk have disappeared from the world's glamour magazines and gossip columns...
Just 45 minutes from the raucous theme parks and gaudy casinos of Queensland's Gold Coast is one of Australia's best-kept secrets - and possibly its finest distiller. The Tamborine Mountain Distillery, tel: (61-7) 5545 3452, uses organically grown fruits and botanicals - such as raspberry, pink grapefruit, wild peppermint, melon, jaboticaba and lemon myrtle - to make an award-winning range of liqueurs, schnapps and eaux de vies sold in hand-painted bottles. Garrulous owner Michael Ward welcomes visitors like an old friend and explains the distillery's traditional methods (first developed by Benedictine monks). Despite the arrival...
...Gold is trading at more than $400 an ounce for the first time in nearly eight years, and industrial commodities like nickel, rubber and cotton just had their fifth highest annual price gain as measured by the Journal of Commerce--Economic Cycle Research Institute index, which began in 1949. How can individual investors profit from the rush? Analysts don't recommend esoteric futures and options, which are subject to vagaries like war and weather. A more prudent option, analysts say, is buying stock in companies that supply copper and tin, or an exchange-traded fund like the Materials Select Sector...