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Thomas Trottier, a glass artist who lives in Hawaii, had lost $20,000 day-trading stocks when he decided to trade gold four years ago.
The gods and the giants meet to trade gold for Freia.
More important, perhaps, is the need to scotch the notion that, in a poor country, it is sinful to trade gold.
In addition, China appears to be moving toward allowing individuals to own and trade gold, a change that could easily increase demand and lift the price.
CRED first partnered with a Colombian mining collective, Oro Verde to buy certified Fair Trade gold and in 2003 sold the first independently certified wedding rings.
Gold mining did not keep up with the rapid increase in international trade; gold reserves became less and less adequate as a means for covering balance-of-payments deficits.
Similar(40)
(Blankfein started out trading gold, Cohn silver).
"Trading gold I've doubled my money," said Mr. Trottier, 54.
This one guy trades gold — in the future.
He owns a hotel, a cafe and legitimate businesses trading gold and placing migrant workers.
With the loan, he began trading gold, acting as an intermediary between peasant miners and buyers in Rio and São Paulo.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com