Word: centralizes
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...have recently piled into gold are looking for big gains, not insurance, and their involvement may guarantee that gold's price will be driven too high and then crash. But waiting in the wings is another set of market players who are likely to have more staying power: the central bankers. (See more about gold...
...materialized yet but that many doomsayers are convinced is on the way. And while there's been talk of the dollar being supplanted as the world's reserve currency by the euro or the Chinese yuan, that would still leave a monetary system dependent on the whims of one central bank...
...Gold is the one currency a central bank can't print," says Martin Murenbeeld, a veteran gold watcher who is chief economist for Canadian money-management firm DundeeWealth. Gold's big attraction as a pillar of the global monetary system is that it isn't beholden to national politics. The downside is that its supply increases fitfully, with no regard for the state of the world economy. That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard...
...fabric, ran a 24.5-mile (39.4 km) curtain fence across the Northern California landscape and created the completely enchanting project called The Gates--7,503 saffron-colored fabric panels that hung from what looked like portable goalposts positioned every few yards along the paths of New York City's Central Park...
...colleges and universities have gone to war by other means. Students at North Carolina Central University urged their peers to boycott gossip sites. At Mount Holyoke College, where a localized gossip site generated a lot of hurt and anger, administrators held workshops to encourage students to talk things out face to face. Millsaps College went so far as to block access to JuicyCampus from its computers...