Price of gold hitting records but likely more due to central bank stockpiling than film star’s documentary
For several months a one-hour video starring charismatic film and television star Idris Elba has been heavily circulated via YouTube. Titled “Gold: A Journey with Idris Elba,” the documentary-style production never made it to the Oscars for obvious reasons.
Funded by the World Gold Council, the production is a professionally-produced vehicle that clearly aims to portray the gold council’s corporate members — from Canada’s Agnico-Eagle and Barrick Resources to China’s Shandong Gold Group — as leaders of a wondrous industry producing a dazzling product that glitters around the world.
It’s an interesting and controversial attempt by a global mining industry to boost its image and draw attention to gold’s political, social, economic and environmental impacts. Is it successful? Has the value of gold mine shares risen as a result?
The multi-talented Elba was once a contender for the role of James Bond, but his black heritage apparently stood in the way. So no Goldfinger remake for Elba; instead we will have to live with his role as Goldfather.
For the rest of this column: https://financialpost.com/opinion/did-idris-elba-goldfather-video-boost-gold-prices