Word: goldings
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...minus the liabilities and divided by the number of shares outstanding. Thus it is much cheaper to buy out a company than start a new one. Stock prices are also depressed relative to alternative investments in tangibles. In the twelve months to June, the value of silver rose 63%, gold 55%, old master paintings 22% and housing 14%; meanwhile, the Standard & Poor's composite stock index posted an undistinguished 5.3% gain...
...legion of financial matadors would have been needed to quell the stampede of gold bulls, who in five days of frantic trading last week boosted the price to nearly twice as high as it was only 21 months ago and three times as high as 38 months ago. In London, one frazzled trader termed the heated bidding "wild and irrational." It was no less so at the International Monetary Market in Chicago, where a record 31,591 contracts were posted on Thursday. Buyers also rushed for other precious metals. Silver approached $12 per oz., up from $6 at the beginning...
...were trading incognito through German and Swiss banks and brokers. Like goldbugs everywhere, the Middle Eastern investors were anxious over political uncertainties, global inflation and the fluctuating fortunes of the dollar, though it had dropped only slightly by week's end. European investors as well were eagerly acquiring gold because energy-induced inflation has been weakening the value of even their own "hard" currencies. A binge of panic buying by Southeast Asian investors, worried about reports of heightened tensions between China and Viet Nam, further pushed up demand. Many big U.S. investors were also acquiring gold as a hedge...
...brisk trade has caused supplies to dwindle, bringing shortages that inflate prices even more. At the International Monetary Fund's regular monthly gold auction on Wednesday, there were bids for 1.6 million troy oz., but only 444,000 were available. The shortage has developed in part because the U.S. Treasury decided last May to cut its regular gold offerings to 750,000 oz., a 50% reduction. The supply gap could widen because the IMF gold auctions are scheduled to stop next May, the Soviets have reduced their sales to roughly two-thirds of last year's, and South...
Remarkably, almost half of the 1,000 tons of gold that the IMF and the U.S. Treasury have put on the market in the past five years has been scooped up by one buyer: West Germany's Dresdner Bank. And its drive into gold has been pressed by one man, Hans-Joachim Schreiber, 46, who was appointed to the bank's board of directors five years ago. His faith in the metal dates to his youth in postwar Germany, where, he recalls, "some people owed their survival to the possession of a few ounces of gold...