Word: goldings
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...knew I was supposed to be here. My whole walk has been on faith." Along the way, Gillmore was hired as camp cook and promised a job in Salt Lake City. "I finally know what it means," he said, "to endure to the end." Ted Moore, a Missouri gold miner, gave a more humorous testament of faith. He dug through the pots and pans in his handcart and pulled out a dusty "Pioneer" Barbie doll. "She's going the whole way with me," Moore said. "Every step that I take, Barbie takes...
However, Adams House dining services is building a covered skylight conservatory for extra dining hall seating in the courtyard beside the Gold Room, said Leonard D. Condenzio, associate director of dining services...
...with natural resources from its colonies. The pace of technological innovation was extraordinary and included the steam engine and the Bessemer steel converter. England produced more steel, locomotives and textiles than anyone else. Its economy grew fourfold from 1851 to 1911. Since the British pound was tied to gold, it was a global currency and helped make England the center of international banking...
Earlier this year, the Canadian company Bre-X created a scandal when it reported that the 200 million oz. of gold it had "discovered" were a hoax. That may not be all bad: investors don't have much use for the stuff anyway. Recently Australia, the world's third largest producer, confirmed the sale of about two-thirds of its holdings. The $1.87 billion gold dump followed sell-offs by Belgium and the Netherlands and reports that others would follow. Australia's sale sent the price sinking to $314.60 per troy oz., a 12-year low, before it recovered...
...Gold prices have steadily declined since the '80s because with roaring stock markets and low inflation worldwide, sitting on noninterest-bearing gold makes little sense for governments. "There's no point in holding it," says Dale Henderson, a gold specialist at the Federal Reserve. That's true for individuals too. It doesn't mean you should sell your jewelry at a discount. Inflation could someday return, and besides, T-bills make lousy necklaces...