Description: In June, Bill Doddridge flew his single-engine Cessna 400 to Twentynine Palms Airport near California’s Mojave Desert and headed for an abandoned mine, a .45-caliber pistol on his belt. He was looking for gold. The firearm was to ward off rattlesnakes. The precious metal would be a sideline to his jewelry business. He sifted through dirt, climbed into shafts, and later bought the property, shuttered since World War II.
Source: Businessweek.com
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Date: 12/21/2010
Questions for discussion:ÂÂ
- Summarize the highlights of this report.
- How have businesses and customers of gold changed their behavior since the rapid surge in prices began?
- Do you think price increases have reached a top yet?
- What would make the trend change directions?
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