As Gold Price Powers $555 Billion In Demand, The Boom Has A Body Count [Forbes]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Forbes
Zoom, describing a structural advantage Cartier and Tiffany hold when gold price pressure drives buyers toward names they recognize. “The scope of markets and financial backing of Cartier, or any one of the really large houses, they can lower their margins as long as they raise volume.” When my friend Mario La Sala told me he'd purchased a gold mine in Zimbabwe, I thought I'd stumbled onto a story about opportunity. The Italian political operative turned mining entrepreneur needed to raise $2 million for equipment—pocket change in his usual circles of large-scale investments, but too small to leverage his network. Over the next four months, I followed gold from the licensed mine La Sala built in Zimbabwe's Midlands Province through the geological, regulatory, and ethical architecture of a global supply chain far more complex than its price ticker suggests. “People have moved from buying jewelry to buying investments,” Joseph Cavatoni, senior market strategist at the World Gold Cou
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