Word: goldings
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Dates: during 1960-1969
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Even government officials admit that industrial inefficiency, combined with high wages and labor feather-bedding, has driven costs of production up, pricing British goods out to foreign markets. As inflation at home makes British products less competitive abroad, receipts from exports keep falling behind spending on imports. Gold moves from the vaults of London to the capitals of Europe. And as those vaults are drained, world confidence in the pound declines. The exchange rate drops. And the crisis continues...
While U.S. gold is leaving Fort Knox in uncomfortable quantities - and dominating the economic news - another precious metal is rapidly draining out of the federal vaults at West Point...
...ways to ease the shortage, that the Government may well have to alter the 90% silver content of dimes, quarters and halves. This has led powerful business groups into the greatest debate over silver since William Jennings Bryan cried out for the silver interests in his 1896 "Cross of Gold" peroration...
Berettas & Bedsheets. In one of the greatest promotional drives ever staged, 3,500 stores throughout France will soon pack counters and racks with Bond-inspired goods. Last week Galeries Lafayette department store in Paris opened a special Bond Boutique featuring gold-colored mannequins and 007 clothing and jewelry. After a market study found Bond France's top "identification phenomenon" with men 30 to 35 years old, 14 manufacturers obtained licenses to use the 007 label. A Frenchman can put on 007 pajamas and slide in between James Bond bedsheets; he can also buy the woman in his life gold...
...temporary $17.50-a-day limit on cash withdrawals. With another ? 35 million in bank notes scheduled to be flown from London soon, the run subsided by week's end. To dramatize its solvency and calm its customers, one Chinese bank used psychology: it piled a hoard of gold bars on the counter...