Word: goldings
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Dates: during 1960-1969
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...syndicate, however, has been unable to take all the gold that South Africa has offered. The Bank of Portugal has broken the central-bank boycott and bought some of the rest at the official $35 price. The Lisbon bankers took about $145 million worth in 1968 and another $120 million worth early this year. Johannesburg moneymen also believe that South Africa has loaned some gold to other African nations...
Compromise Talk. In addition, central bankers strongly suspect that South Africa has deposited some of its gold in foreign banks and subtracted the deposits from its figures on gold reserves. That ploy would tend to make the boycott look even more ineffective than it is. British statistics show that $222 million in South African gold entered the U.K. last year. Most of it is probably to be found in South Africa's account at the Bank of England, which does not divulge what it is holding-but which has received South African gold ever since that country...
Although it is partially beating the boycott, South Africa needs to sell even more gold to pay for its foreign purchases. Its officials have begun informal talks with the U.S. for some kind of compromise. Under one plan previously proposed by the U.S., South Africa would sell all of its gold in free markets but could sell some to central banks at $35 if the free-market price dropped to that level or below...
...would pay $1,480 for a crocodile handbag? Or $1,150 for a solid gold-mesh belt? Or $500 for a three-piece set of calf luggage? Those who would-and do-constitute the glittering clientele of Gucci, the Florentine leather company that offers fancy quality at fancy prices. Before flying off to wed Aristotle Onassis, Jacqueline Kennedy stopped at Gucci's Manhattan shop to select a brown crocodile handbag. Darryl Zanuck had Gucci copy his favorite 30-year-old valise, and Capucine bought a leather dog carrier. Frank Sinatra recently sent his secretary to pick up a pair...
When you read about Mark Twain's Mississippi raftsmen and pilots, or Bret Harte's Western gold miners, they seem more remote than the cannibals of the Stone Age. The reason is simply that they are free human beings...