In late 2008, Boston-area VC firms Highland Capital Partners and General Catalyst Partners pumped $40 million into a Florida company called Green Bullion Financial Services.
Doesn't ring a bell? Let me rephrase:
In late 2008, Boston-area VC firms Highland Capital Partners and General Catalyst Partners pumped $40 million into the parent company of Cash4Gold.
But here's the weird thing: Highland tells me that it's no longer a shareholder in Green Bullion, but refuses MOREDan Primack - Oct 15, 2010 10:20 AM ET
It's always fun to point fingers. But the weak dollar doesn't deserve all your scorn for the boom in, say, corn.
Commodity prices have surged in the months since Fed officials led by Ben Bernanke started talking in earnest about further asset purchases. Their loose-money talk has yet to lead to any action, but the jawboning tends to drive the dollar down MOREColin Barr - Oct 13, 2010 6:41 AM ET
Betting against the buck keeps paying off.
The dollar tumbled again Wednesday, hitting a 15-year low against the yen and a new low against the Swiss franc. The dollar index dropped to 77.7, putting it down 6% in the past month.
The dollar slid to $1.39 against the euro and 83 yen. It dropped to 96 cents on the Swiss franc, widely viewed as the soundest of the paper currencies, after trading MOREColin Barr - Oct 6, 2010 11:15 AM ET
The price of gold seems to have no limit, but recent movement in the price of silver points to a potential end to gold's rally.
For a peek into the future of the price of gold, look no further than its precious metal sibling, silver. The poor man's gold has been on the same streak as the yellow metal, but recent moves have some of the most bullish players wondering MORENin-Hai Tseng, Writer - Sep 30, 2010 1:09 PM ET
Gold is trading like it's lighter than air, but now is not the time to get carried away and load up on the stuff.
Gold futures for December delivery closed at their second straight record Tuesday, hitting $1,308. The gold price has risen more than 30% over the past year, with a third of that in just the past two months -- and to listen to the ever-expanding ranks of gold MOREColin Barr - Sep 29, 2010 6:43 AM ET
It's not exactly a mystery why gold is on fire. But what's with burlap?
Along with cotton, rubber and 10 other glamour-challenged commodities, burlap is part of the CRB raw industrials subindex. The index doesn't include gold and shares little in common with the precious metal – except that both just hit new highs.
Gold, as we hear about 1,298 times a day lately, is a bet on the global economic crisis MOREColin Barr - Sep 22, 2010 1:00 PM ET
Gold is starting to bug some people.
More investors are viewing the long-running gold rally as overdone, according to a survey of fund managers released Tuesday by Bank of America Merrill Lynch.
A net 19% of global fund managers said gold is overvalued in the firm's latest survey, conducted last week. That's up from 12% last month.
Their worries certainly haven't held down the price of gold, which hit another intraday trading record MOREColin Barr - Sep 14, 2010 4:24 PM ET
Is silver about to streak higher?
Silver's price has risen 8% in the past month, recently topping $20 an ounce for the first time since early 2008. The rally comes at a time when gold has been hitting new highs, on the latest round of fears that crisis-crazed central bankers will destroy the value of paper money.
Silver remains far from its own peak, set 30 years ago at a time of MOREColin Barr - Sep 9, 2010 11:22 AM ET
Questions about the health of Europe's banks helped send the price of gold near record levels Tuesday.
Gold rose $7 an ounce to $1,258, after a series of reports raised questions about banks' capital levels and their exposure to bonds issued by stressed nations such as Greece, Portugal, Ireland, Italy and Spain.
Tuesday's rally takes the gold price up almost $100 an ounce from its midsummer low and just a few dollars from MOREColin Barr - Sep 7, 2010 12:17 PM ET
Central banks are trading their gold for cash. What do they know that we don't?
By Heidi N. Moore, contributor
We've all seen those commercials where shouting announcers urge consumers to trade in their old gold for cash. Who knew that central banks would be the ones who took them up on it?
Well, sort of. The Bank of International Settlements has bought 349 metric tons of gold from governments, which raised $14 MOREJul 7, 2010 12:31 PM ET
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