Word: bullion
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...lure of actual bullion is just one of the tactics the $6.8 million museum, which opened Wednesday, is using to try to change the way people view the leprechaun. A character in Irish folklore dating back to the 8th century - a wily shoemaking sprite who enticed people with untold riches and then cunningly snatched them away at the last moment -the leprechaun was transformed by advertisers and Hollywood producers in the 1950s and '60s into something altogether different: a gaudy, top-hat-wearing, pipe-smoking creature with a trademark piercing cry of "Top o' the morning!" The leprechaun made popular...
Soon, however, the troops began to feel like they were trapped inside a gold mine with no way to extract the bullion. Their stacks of dollars and pesos added up to nothing because there was nothing to buy: no bars, no brothels, no BMW dealerships. "Imagine having so much money and nothing to eat!" said one of the Colombian GIs, Frankistey Giraldo, whose father named him after Frankenstein. When they looked at themselves, they still saw a bunch of hungry, unwashed peasants in the middle of no-man's land. They were fabulously wealthy. Except they weren...
...Rogers' daughters may not have been born with silver spoons in their mouths, but they've got them now. Not silver spoons, exactly, but silver bullion. "My little girls don't own stocks - they own commodities," he says, "and that's why they'll be able to take care of me in retirement." Rogers, a former hedge-fund manager, author and B-school professor and now bicontinental showman (he lives in Singapore and New York), was slamming stocks and praising precious metals in front of an eager audience of investors who had packed a basement auditorium in midtown Manhattan...
...Thirty years ago, 3 billion people were not even participating in the world economy, and now they are trying to live like we do," he notes. That emerging megaforce, says Rogers, will put a supertight squeeze on commodity prices across the board, from beef to bullion. For the unconvinced, he pulls out a chart showing the average daily per capita consumption of oil in the U.S. at 0.677 bbl., vs. India's infinitely smaller consumption (0.021 bbl.) and China's (0.049 bbl.). "Even if the Chinese and Indians just start consuming as much electricity as Koreans now do, the price...
...Still, there are some who believe the jump in bullion is an early warning sign that the U.S. government's efforts to quell the recession will backfire. The fear is that the trillions of dollars the government is spending to safeguard the financial sector and boost the economy could result in massive deficits and mounting inflation. "People who are buying gold are buying into the argument that the Federal Reserve will not be able to take back all the liquidity it has poured into the market and protect against inflation," says James DiGeorgia, editor of the newsletter Gold and Energy...