Is gold (2017) a true story?
Gold (2017) Starring Matthew McConaughey, Edgar Ramírez, Bryce Dallas Howard | based on the true story of the Bre-X mining scandal in the mid-1990s The most fantastical elements of the story are the most accurate. They’re the true parts!
Is Kenny Wells from gold based on a true story?
Kenny Wells From 'Gold' Isn’t A Real Person, But He’s Based On An Actual Gold Digger. While it's true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy.
Who are the actors in the movie Gold?
Gold. (2016 film) Gold is a 2016 American crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood.
What is gold and how does it work?
A precious metal that has been utilized as currency since 600 BC — starting as physical coins and ultimately turning into the gold standard where gold in backed paper currency in the society.
What is the movie Gold about?
How much did Walsh invest in Bre X?
Did Freeport-McMoRan find gold?
Did De Guzman buy gold?
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About this website
Is gold based off a true story?
The film is loosely based on the true story of the 1993 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.
Is Kenny Wells a real person?
The Bre-X scandal inspired the 2016 film Gold, in which Matthew McConaughey plays Kenny Wells, who is based on Walsh.
Did Kenny Wells go to jail?
A DANGEROUS man who robbed an elderly woman of her possessions and her independence when he raped her more than 40 years ago has been jailed for 15 years. Kenny Wells and another man broke into the home of Violet Brown, in Collingbourne Ducis, on November 6, 1980.
Who is Kenny Wells based on?
geologist David WalshChain-smoking geologist David Walsh (left) inspired Matthew McConaughey's Kenny Wells character.
Is gold set in the future?
Gold is a 2022 Australian survival thriller film directed by Anthony Hayes. It stars Zac Efron, Susie Porter, and Anthony Hayes. The film received a limited theatrical on 13 January 2022, before making its debut on streaming service Stan on 26 January 2022....Gold (2022 Australian film)GoldBox office$145,21813 more rows
Where was gold filmed?
South Australian outbackGold is being filmed in South Australian outback, and is a thriller centring around human greed and the lengths people will go to in order to become rich.
Who kills him at the end of gold?
Wanting the gold for his own selfish desires, he obviously decided to wait until Man One had perished before claiming the hidden treasure for himself. After Man One has become dog food, Man Two heads to the gold's location. But before he can claim his prize, an arrow appears out of nowhere and kills him.
Does Zac Efron survive in gold?
After Efron is finally dead, Hayes drives up to the place and steps out to check the area. He spots the gold nugget and returns to his car to get something.
How old is Kenny Wells?
HANKSVILLE - William Kenneth Wells, age 61, devoted husband to Rhonda Jo Wells, loving father to seven children, and grateful grandpa to twenty grandchildren, passed away April 21, 2022 at his home in Hanksville.
Is fool's gold based on a true story?
If you've ever seen the movie Fool's Gold with Kate Hudson and Matthew Mcconaughey and enjoyed it, then you will totally love this museum. The movie is loosely based on the true story of Mel Fisher's search for this sunken treasure which he found.
What happens at the end of gold with Zac Efron?
1:583:56Gold Movie 2022 Ending Explained | Review | Breakdown - YouTubeYouTubeStart of suggested clipEnd of suggested clipAnd decision making is tested. And when a lone stranger played by a highly unrecognizable susieMoreAnd decision making is tested. And when a lone stranger played by a highly unrecognizable susie porter shows up the effort to protect the gold is pushed even further the film is a bleak slow burn that
What is the movie gold with Matthew McConaughey about?
Kenny Wells, a prospector desperate for a lucky break, teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard but keeping it is even more difficult, sparking an adventure through the most powerful boardrooms of Wall Street.Gold / Film synopsis
Crazy true story behind Matthew McConaughey’s new film ‘Gold’
Entertainment; Movies; Upcoming Movies; The crazy true story behind Matthew McConaughey’s new film ‘Gold’ THE scam was so outrageous, so brazen, that no one on Wall Street suspected a thing.
What Happened to Kenny Wells after the Events of 'Gold ... - Pajiba
McConaughey plays Wells, a struggling 1980s prospector who has bottomed out. One night, he has a dream in which he discovers gold in Indonesia with the help of a geologist, Michael Acosta (Edgar Ramirez), who is also in a downswing.
Gold (2017 film) - Wikipedia
Gold (Spanish: Oro) is a 2017 Spanish historical drama film directed by Agustín Díaz Yanes.The film is based on a short story by Arturo Pérez-Reverte and depicts a 16th-century Spanish expedition during the Colonization of the Americas aiming at locating El Dorado.It is loosely inspired on expeditions by conquistadors Hernán Cortés, Lope de Aguirre and Núñez de Balboa
Is the Phelps twins based on a real person?
By Erica Campbell. The Phelps Twins Talk Golfing With Tom Felton & Scoffing Hogwarts Banquet Food. By Kay Leong. While it's true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy.
Is David Walsh real?
While it's true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy. Walsh was a penny stock promoter who founded Bre-X Minerals, a tiny Canadian mining company, in 1989. The company was not successful for its first four years in business, but its fortunes changed when Walsh and a geologist named Michael de Guzman (Michael Acosta in the film, played by Edgar Ramirez) decided to purchase land in Indonesia that they believed could hold a potential goldmine in 1993. They then reported that they had discovered a tremendous amount of gold in the area, and the company's worth rose to several billions by 1997. But its success was short-lived.
What is the movie Gold about?
Source:Supplied. TRUTH really can be stranger than fiction and Matthew McConaughey’s latest film is a case in point. Gold is the story of the biggest mining scam of all time, resulting in a $6 billion fraud.
Was the Gold Strike scam so outrageous?
The scam was so outrageous, so brazen, that no one called into question the credibility of the gold strike. McConaughey nods. “The fact that it went that far and so many people on the top floors of Wall Street just blindly invested at that level, and that amount of money, without actually going, ‘Let’s look at the product; let’s look at the gold,’ that was incredible.”
How to invest in gold?
The most common way to invest in physical gold is through the SPDR's Gold Shares (NYSE: GLD) ETF, which simply holds gold. When investing in ETFs, pay attention to net asset value (NAV), as the purchase can at times exceed NAV by a wide margin, especially when the markets are optimistic.
What is the problem with gold?
The main problem with gold is that, unlike other commodities such as oil or wheat, it does not get used up or consumed. Once gold is mined, it stays in the world. A barrel of oil, on the other hand, is turned into gas and other products that are expended in your car's gas tank or an airplane's jet engines.
What companies are gold miners?
A list of gold-mining companies includes Barrick Gold (NYSE:ABX), Newmont Mining (NYSE: NEM ), Goldcorp (NYSE:GG), and Anglogold Ashanti (NYSE: AU ). Passive investors who want great exposure to the gold miners may consider the VanEck Vectors Gold Miners ETF (NYSE: GDX ), which includes investments in all the major miners. (See also: Top 5 Gold ETFs for 2017 )
How to gain exposure to gold?
The easiest way to gain exposure to gold is through the stock market, via which you can invest in actual gold bullion or the shares of gold-mining companies. Investing in gold bullion won't offer the leverage you would get from investing in gold-mining stocks.
What is the difference between gold and oil?
The main problem with gold is that, unlike other commodities such as oil or wheat, it does not get used up or consumed. Once gold is mined, it stays in the world. A barrel of oil, on the other hand, is turned into gas and other products that are expended in your car's gas tank or an airplane's jet engines. Grains are consumed in the food we and our animals eat. Gold, on the other hand, is turned into jewelry, used in art, stored in ingots locked away in vaults, and put to a variety of other uses. Regardless of gold's final destination, its chemical composition is such that the precious metal cannot be used up - it is permanent.
Is gold a commodity?
Like no other commodity, gold has held the fascination of human societies since the beginning of recorded time. Empires and kingdoms were built and destroyed over gold and mercantilism. As societies developed, gold was universally accepted as a satisfactory form of payment. In short, history has given gold a power surpassing that of any other commodity on the planet, and that power has never really disappeared. The U.S. monetary system was based on a gold standard until the 1970s. 1 Proponents of this standard argue that such a monetary system effectively controls the expansion of credit and enforces discipline on lending standards, since the amount of credit created is linked to a physical supply of gold. It's hard to argue with that line of thinking after nearly three decades of a credit explosion in the U.S. led to the financial meltdown in the fall of 2008.
Who is Michael Boyle?
Michael Boyle is an experienced financial professional with more than 9 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Gold. It's shiny, metallic, and melts easily into bars, coins, or jewelry. It doesn't rust, corrode, or decay.
Why is the gold standard important?
While the gold standard protects the currency from certain risks as hyper-inflation or general loss in value due to the faith in the government, it also puts limits on the government to stimulate the economy as they can’t just print up money and give it away (or buy things). This is problematic, but not as bad as one may initially think as the primary cause of such horrific economic collapses are due to effects of fiat currency that’s not backed by gold or other real assets — primarily such fiat currencies promoting debt over saving and thus extreme leverage and risk throughout the entire economy.
What is the gold standard?
Historically one of the essential features of most economies has been gold. A precious metal that has been utilized as currency since 600 BC — starting as physical coins and ultimately turning into the gold standard where gold in backed paper currency in the society. While the gold standard protects the currency from certain risks as ...
What Currencies are still on the Gold Standard?
Now Switzerland has dropped the gold standard, there are no currencies that are backed directly by gold. However, this doesn’t mean that gold or other commodites are irrelevant to their economy or currency.
How did the US manage to keep hold of the world's gold reserves?
In 1944, an agreement was put in place that set the exchange rate for all currencies and gold and it was at this time the US was able to price the Dollar against its reserves. With the US holding the majority of the worlds gold supply it became easier for most of the rest of the world to start to price their currencies against the dollar instead of gold. The result of this was that currency was no longer tied to the price of gold but to the price of the dollar. The US dollar rose in value and became the standard world currency used.
Which countries have a currency that is closely linked to oil?
These include large economies such as Canada, Russia, Columbia and Norway. These are all large exporters of oil, a commodity with a high value in today’s world that relies upon it as a resource.
Is a commodity correlated currency backed by a government?
Furthermore, commodity-correlated currencies generally are backed by their government much like Dollars — however their government, such as in the case of my favorite commodity-currency (Norwegian Krone), often have significantly less debt that the US government and in a post-dollar reserve currency world, have significant demand for their currency as it’d be needed to buy the commodities they produce — which in turn would cause their value to shoot up in correlation to dollars.
Is gold a hard asset?
Gold and other hard assets are safer and better positioned, however come with greater volatility compared with commodity-correlated currencies that are only somewhat priced in relation to the commodities they’re associated with.
Who is the actor in Gold?
On August 22, 2014, Deadline confirmed that Matthew McConaughey would be next starring in the film Gold.
What is the rating of Gold?
On review aggregation website Rotten Tomatoes the film holds an approval rating of 43% based on 185 reviews, with an average rating of 5.23/10. The site's critical consensus reads, " Gold boasts an impressively committed performance from Matthew McConaughey, but it's just one glittering nugget in an otherwise uneven heap of cinematic silt." On Metacritic, the film holds a rating of 49 out of 100, based on 40 critics, indicating "mixed or average reviews". Audiences polled by CinemaScore gave the film an average grade of "B−" on an A+ to F scale, while PostTrak reported filmgoers gave the film a 67% overall positive score.
What company does Kenny Wells work for?
In 1981, Kenny Wells helps to run a prospecting company, Washoe, with his father whom he clearly admires. But seven years after his father dies, the business and Kenny are nearly broke after having lost the office, so Kenny and his colleagues now work from his girlfriend's bar.
How did Mike fake the gold mine?
It is then announced that Mike had faked the whole mine as he planted gold in the samples using a method called ' salting ' . The gold that he planted was in fact 'river gold' that had been seen earlier in the film. Mike had traded freshwater for the people's river gold so that he could fake the gold mine.
When was the movie Gold in the vein of The Treasure of the Sierra Madre made?
The project was first announced by Deadline on April 12, 2011, as a treasure hunt film titled Gold in the vein of The Treasure of the Sierra Madre, written by Patrick Massett and John Zinman as a writing sample and developed by Paul Haggis, who showed it to Michael Mann.
Who produced the movie Black Bear?
On October 17, 2012, Black Bear Pictures came on board to fully finance and produce the film. Black Bear's Teddy Schwarzman and Ben Stillman would produce the film along with Haggis and Nozik through their Hwy61, and Massett and Zinman would also produce the film.
Who plays Brian Woolf in the movie?
Corey Stoll as Brian Woolf, a New York investment banker.
Who Sets Gold Prices?
Today, the London Bullion Market Association (LBMA) manages the London Good Delivery List, the only bullion market accreditation accepted across the globe.
Why do people buy gold?
While cultures have cherished gold for its beauty and viewed it as a symbol of wealth, investors today buy gold to diversify their portfolios , as a hedge against inflation, and for protection against currency devaluation . It’s widely accepted that gold is a good investment, but less is known about how gold prices are determined and what affects ...
How Is Gold Priced?
Traders primarily use two pricing models to estimate the potential investment value of gold .
How to Invest in Gold?
Similar to gold prices, several factors influence the value of the various gold products. It’s important to evaluative the pros and cons of each type before investing.
What is the largest gold futures exchange?
The COMEX is the world’s largest gold futures trading exchange. Gold and other precious metals are also traded there.
What time does the IBA publish the gold price?
Twice daily, at 10:30 AM and 3:00 PM UK Time, the IBA publishes the LBMA Gold Price in US dollars, which serves as a benchmark price for gold producers, investors, consumers, and central banks worldwide. The price of gold is adjusted in real-time based on financial evaluations of anonymous auction rounds run every 45 seconds. When all buy and sell orders and imbalances are within 20,000 troy ounces, the price is fixed.
What determines the price of gold?
Multiple factors determine the price of a gold futures contract: the spot price of gold; the predicted changes in supply of and demand for the precious metal; the estimated cost of transporting and storing the physical gold; and the risk-free rate of return for the holder of the gold.
Who is Kenny Wells based on?
As indicated by the photos at the top of this page, Kenny Wells (Matthew McConaughey) is based on Canadian businessman David Walsh (Matthew McConaughey's character was originally named Kenny Walsh in early iterations of the script). -Financial Post.
Where is Bre X's gold found?
This map denotes the location of Bre-X's supposed gold find in Borneo, Indonesia. Click to zoom in and explore.
Why did De Guzman board the helicopter?
De Guzman knew things were on the verge of unraveling. He had boarded the helicopter to head to the Borneo site to meet with miners from Freeport-McMoRan, the company that the government had brought on board to run a large portion of the mine. He knew he would be unable to explain why there was no gold at the site. According to reports, it was only he and the pilot on the helicopter. The Indonesian military did not accompany him like in the movie.
What motivated Michael de Guzman to commit fraud?
What motivated Michael de Guzman to commit fraud? In an industry dominated by big American mining companies, Michael de Guzman struggled for recognition in his field. Despite being very intelligent and having an engineering degree, De Guzman never got a shot at a high-paying job. In researching the Gold movie true story, we learned that it was very hard for Filipinos, even with the right credentials, to get senior jobs with the big mining companies. -Masterminds: Fool's Gold
Was Bre X a shell?
Yes. "Basically, Bre-X was a shell of a company with almost nonexistent working capital," said David Walsh (the real Kenny Wells) in a March 1997 interview. The Gold true story reveals that prior to his success with Bre-X, Walsh had declared personal bankruptcy in June 1992, $200,000 in debt. "I decided to go into Indonesia, ...
Was Bre X based in Reno?
Was the mining company really based out of Reno, Nevada? No, the real company, Bre-X Minerals Ltd., founded by David Walsh (renamed Kenny Wells in the movie), was a small Calgary-based mining company. It was so small that Walsh initially ran it out of his basement.
Did Michael de Guzman take samples from the ground?
Yes. It's a fascinating detail that's left out of the film. Portrayed by Edgar Ramírez in the movie, the real Michael de Guzman took core samples from the ground, which were supposedly from the Borneo site. After the samples were crushed and collected, De Guzman made sure he had some alone time with them before they were sent to be analyzed. He shaved gold flakes from his wedding ring and mixed them in with the samples (at a ratio of approximately 3 oz of gold per ton of rock). The deceptive scheme is called "salting" and it is hardly uncommon. Later, when he ran out of gold from his ring, he paid locals for their river gold, buying up $61,000 worth of panned gold over the following two-and-a-half years. -BusinessInsider.com
Storyline
Set against the backdrop of a vast, unique and unforgiving landscape, Gold is a taut thriller about greed and the lengths people will go to secure themselves a fortune. When two drifters travelling through the desert stumble across the biggest gold nugget ever found, the dream of immense wealth and greed takes hold.
Did you know
Filming was ravaged by sandstorms to the point filming was almost shut down for a day. Until the idea of strapping a camera to one of the cinematographers backs and "getting the shots" was better than using a fan. Multiple shots of sandstorms in the movie were actual sandstorms filmed by a cinematographer.
What is the movie Gold about?
The new movie “Gold” starring Matthew McConaughey has all the key elements of a hit Hollywood drama: a rags-to-riches treasure hunt story complete with lies, deception and a possible fake suicide.
How much did Walsh invest in Bre X?
After hearing the tall tales, Walsh invested $80,000 on behalf of Bre-X to finance de Guzman’s operation. When de Guzman’s core samples came up empty, he used a process called “salting” to spike the samples with gold he filed off his wedding band. De Guzman duped the labs that tested the samples, which verified roughly 3 oz of gold per ton of rock.
Did Freeport-McMoRan find gold?
Freeport-McMoRan soon began drilling the site and finding no gold whatsoever. On a helicopter flight out to the site, de Guzman disappeared from the back of the chopper. Authorities discovered his body in the jungle below days later, reportedly badly eaten by wildlife. De Guzman’s apparent suicide didn’t satisfy conspiracy theorists, who point out how easy it would be to get access to a dead body in Indonesia.
Did De Guzman buy gold?
In the following years, de Guzman would continue to salt samples with gold he bought from locals. He even fooled an independent auditor.
