George Gero, the RBC trader who became an ‘institution’ in the gold market, dies at 84

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A Holocaust survivor, Gero was drawn to gold trading because he said he always recognized it as a store of value

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.

Anthony George Gero was born in London on May 31, 1936, to Hungarian parents Stephen and Ilona Gero, according to his obituary and a July interview with Bloomberg. The family returned to Hungary, though his father left for Portugal a day before the Germans marched into Budapest during the war, leaving him and his mother, sister and grandmother stuck in the occupied country.

“Gold – little, tiny gold coins – saved our lives getting through borders coming out of Europe,” Gero said. “They were helpful to get out of Hungary. They were helpful with the border guards.” “If he thought it was a bad market, he’d tell you,” Buscemi said. “George would always try to convey to people he wasn’t always right, but he would give you a fair vision of what the situation is.”Article content continued

 

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