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George Gero, an 'institution' of the gold industry, dies at 84

Section: Daily Dispatches

By Joe Deaux and Justina Vasquez
Bloomberg News
Monday, December 14, 2020

George Gero, a financial adviser known throughout the gold industry who claimed he traded one of the first gold contracts in New York, has died. He was 84.

He died on Saturday at his home, according to his obituary with Levine Memorial Chapel. No cause was given.

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Gero, a New York-based managing director in Royal Bank of Canada's wealth management division, served for 54 years trading precious metals as a member of the New York Mercantile Exchange and Chicago Mercantile Exchange. He was known by colleagues as a kind person who always looked out for people, and by reporters as someone never too busy to take a call and explain the sometimes complex minutiae of the gold markets.

"He was an institution in the gold market for as long as I can remember, and every time I saw him at the Gold Dinner he was so engaged, energized, and sharp," said Tai Wong, head of metal derivatives trading at BMO Capital Markets in New York and a 15-year industry veteran. "He was still engaged and energetic as ever, and it's always sad to see an institution pass." ...

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