Word: bondses
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Four years ago, 20,000 whooping Democrats blew into New York City, chomped its pizza, downed its booze and donned their funny hats. They were confident. They sensed a win. Their host, on the other hand, was all smiles, but shaky. It had no confidence and sensed collapse. Oh, the...
Large institutional investors, like pension funds and insurance companies, have recently been casting covetous glances at big-city office real estate because they see it as an often better investment than the stocks and bonds they hold. In January the Royal Dutch/Shell pension fund paid $136 million for the Celanese...
The results to date have been bullish. Merrill Lynch maintains its traditional dominance in selling stocks and bonds, and is three times as large as its nearest competitor, E.F. Hutton. In addition, the firm last year took in twice as much from its other financial operations ($1.4 billion) as from...
Borg bought gold at $200 per oz. a few years ago and sold it at $600. He owns a home on the French Riviera and part of an island off Sweden. He has diamond interests, a wide range of bonds and other securities, apartment and office buildings in the U.S...
After the Civil War, gold bonds were issued to entice inflation-wary investors. Some 1895 bonds promise to pay in gold the interest every year and the face value in full in 1995. While the 1895 price of gold was $20.67 per oz., the precious metal closed in New York...