Commodity market The price of gold bullion fell dramatically on 12 April 2013 and analysts frantically sought explanations. Rumors spread that the European Central Bank (ECB) would force Cyprus to sell its gold reserves in response to its financial crisis. Major banks such as Goldman Sachs began immediately to short gold bullion. Investors scrambled to liquidate their exchange-traded funds (ETFs) and margin call selling accelerated. George Gero, precious metals commodities expert at the Royal Bank of Canada (RBC) Wealth Management section reported that he had not seen selling of gold bullion as panicked as this in his forty years in commodity markets.
Aurum, Nevada locally as "Doughburg." On February 11, 1884, an avalanche occurred in Silver Canyon, above the boarding house of the Sadie L Mine. Three people were killed. Two of the victims, H. W. Mickel, and Wallace McCrimmon, were buried at Aurum. The other victim, John Fox, was taken into Cherry Creek for burial. Over the following decades, the community experienced multiple periods of boom and bust. During booms, the community's population rapidly swelled to hundreds of people. However, during busts, miners left, businesses closed, and the population rapidly dwindled. During one of these "busts", the population dropped to only one inhabitant