Word: goldings
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Dates: during 1960-1969
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...lucky fellow who wins this week's 32nd annual Masters tournament at Georgia's dogwood-dotted Augusta National Golf Club will receive a check for $20,000, a silver plaque, a gold medal, a gold locket containing a picture of Bobby Jones, and a green blazer. He will also get a bonus that all the money in the world cannot buy: lifetime playing privileges at Augusta National, the most exclusive and autocratic golf club...
...tier system of gold prices last week withstood the first important test of its ability to survive...
London's gold market, hitherto responsible for 80% of the world's gold trading, reopened after a two-week shutdown aimed at stifling the gold-buying stampede that threatened the dollar. Now the question was whether the free-market price of the metal, no longer supported by the disbanded seven-nation gold pool, would climb so far above its $35-per-oz. official monetary level as to rekindle speculative frenzies...
Though some Europeans had predicted that the price might double on the free market, nothing of the kind occurred. Trading was comparatively light, and the price of gold fell from $38 per oz. at the opening to $36.70, then edged up to $37 at week's end. On the Continent, where gold brought as much as $44 per oz. at the height of the March gold rush, the price dropped last week in phase with that in London; nowhere did it vary more than 50? per oz. from the British quotations...
Tougher for Speculators. The welcome calm was fostered both by Viet Nam peace hopes and by the previous weekend's international agreement in Stockholm on the creation of paper gold to bolster the world's monetary system. Three new restrictions imposed by the Bank of England, which regulates British financial dealings, also made trading tougher for speculators. The bank forbade sales of gold for future delivery, barred banks or gold dealers from lending foreign currency to nonresidents to finance gold buying, and even prohibited them from accepting gold as collateral for loans in foreign monies. For their part...