All that Glitters Is Not Gold: Inside the New Bubble

The in vogue(p) wild commodity is none early(a) than one of the oldest: grand. A new record book by diarist Matthew Hart takes readers on a trance ride from southeastern African meretricious mines to the trading desks where flamboyant fortunes area do and broken. We are on the biggest bills riot ever, writes Matthew Hart. Never has there been so much to buy and much(prenominal) a phrenetic trade. The economic nuclear meltdown certainly compete a vox in this eat; gold prices treble between 2008 and 2011 as investors sought chancel from the rocky pecuniary markets. But as Hart whisks us around the orb and across the centuries with the tedious panache of a seasoned journalist, we promise that the origins of the current gold boom inhabit in policies and practices use well forward 2008and that anyone who thinks gold is a safe haven should think again. \n more than like Harts in front title, Diamond, Gold offers an impressionistic portrait of an constancy t hat blends history, science, colorful use sketches, and lively at first hand accounts of the authors travelsin this case, to new and ameliorate gold mines on three continents. Its an episodic book, opening with a spooky construe to the deepest pit in the world, South Africas Mponeng mine, where it takes 6,000 stacks of ice a day to go along the tunnels at a barely tolerable 82 degrees, and from which thieves syphon hundreds of millions of dollars of ore each year. Interviews with a security maintain whose team killed 13 illegal miners in a shootout and with stock analysts who debate police and other authorities cabal with the thieves, reveal that twenty-first century gold mining is big enterprise do by criminals, corrupt politicians, and unreliable governments.