Word: bullion
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Dates: during 1990-1999
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Ferguson has had access to all the surviving Rothschild archives, including the family's vast private correspondence, which fills 135 boxes. He sorts through the intricacies of their business deals: financing governments, bill brokering, working the international bullion market, trading in American cotton and tobacco, Spanish mercury and Russian copper. The legerdemain of speculative finance in another century is sometimes occult material, but Ferguson manages it well...
...before word from New York helped to recoup around half those losses. Still, nobody is able to put the ruble's woes completely out of their mind. The price of gold is now the lowest it's been since 1980, as traders fearfully anticipate a flood of cheap Russian bullion. And the Swiss franc seems about the only safe currency left on the continent...
Dara Horn '99 is working as a reporter-researcher at Time magazine. She wrote this piece by the light of a halogen lamp, while drinking liquefied bullion cubes from a free...
...were offended by the gold-bullion Nazi symbol on your cover. Your choice of this symbol rather than the Star of David was inappropriate and used for sensationalistic purposes. CHERYL and ANDY KAPLAN Gainesville, Florida...
...concentration-camp victims. As early as 1943, when Washington launched Project Safehaven to locate the Nazi plunder and find out where it was going, the U.S. knew most of it was entering Switzerland. That year, spymaster Dulles warned the Swiss government that much of the 100 tons of gold bullion the Reichsbank was selling for Swiss francs was stolen. Eventually, Safehaven agents concluded that some $6 billion in Nazi assets had been transferred into Switzerland from 1938 to 1945 under cover of bank-secrecy laws...