Word: goldings
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Dates: during 1960-1969
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...last time anyone really got excited about the terrain was in the last third of the 19th century, when prospectors discovered what seemed to be rich veins of gold, silver, copper and lead. The bonanza was short-lived, but the mountain's enticing name endured: Mineral King, an area of majestic 12,000-ft. peaks in California's eastern Sierras, 228 miles north of downtown Los Angeles...
...memorial service for the 14 men hanged in Iraq will be held at 4 p.m. today in Appleton Chapel. The speakers include the Reverend Charles P. Price '41, preacher to the University, and Rabbi Ben-Zion Gold, Jewish chaplain at Harvard and Radcliffe. The service, sponsored by the United Ministry at Harvard and Radcliffe, is open to the public...
Cleveland of New York's First National City Bank: "The U.S. gold stock has been reduced to the point where the U.S. guarantee to convert dollars into gold at $35 is no longer credible...
Window Dressing. For the moment, however, the dollar seems secure against the devaluation that a gold-price increase would involve. The U.S. last year ran a tiny balance-of-payments surplus, its first in eleven years. It was a victory with a high price. "No one should be deluded," says Treasury Secretary Kennedy. "Underneath the overall result, our trade balance has sagged to the vanishing point under the pressure of inflation, and additional controls on American investment were imposed to achieve the balance. We do not plan to rely indefinitely on tight controls or statistical window dressing to disguise...
...strengthen their financial defenses in advance, the major nations might increase their reserves of monetary gold. South Africa is sitting on a horde of $1.25 billion in gold, waiting for a crisis that would lift its price. But the South Africans seem willing to make a deal. They would probably sell half of their gold to the official market at $35 per oz., if they could also get permission to sell the other half at a higher price on the free market. At the same time, the world's monetary authorities would put a floor under the gold price...