Word: golds
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Dates: during 1970-1979
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...were a different matter. Off the blocks first was Trinidad's Crawford, and there he stayed, fighting off Borzov midway, then Quarrie at the wire in 10:06. Borzov and Glance were third and fourth, as one of the Olympics' smallest countries ran off with a big gold...
...jump with a leap of 22 ft. ½ in. Right behind Voigt, and indeed, perhaps past her if she had not, fouled on her last try, was high-flying Kathy McMillan, 18, of Raeford, N.C. Not since 1968 at Mexico City had the U.S. women won a silver or gold. Saturday afternoon the East German lightning was hurled by Ruth Fuchs, 29, who dramatically speared the hopes of U.S. Champion Kathy Schmidt with an Olympic-record javelin throw of 216 ft. 4 in. Schmidt's best, 209 ft. 10 in., came on her last chance, and won the bronze...
...hoarders and speculators, gold lately has had about as much luster as a rusty tin can. In the 19 months since gold purchases became legal for U.S. citizens, the price has fallen more than 40% from its peak of $198 an ounce. In three chaotic days of trading last week, gold fell $14 on the London market, reaching a 31-month low of $105.50 an ounce. Though the price recovered to $111 by week's end, that is still a dismal figure for goldbugs, who not long ago were forecasting prices of $300 or more...
What has taken the glitter off gold so suddenly? One major factor is that the U.S. has been relatively successful in its campaign to remove gold from the international monetary system. Last year the U.S. persuaded other countries, including a reluctant France, that the International Monetary Fund should auction off one-sixth of its gold hoard, or 25 million ounces. Meanwhile, the economic conditions that triggered the gold boom of 1973-74 have largely disappeared. The dollar is steady, world inflation rates have come down and the general panic set off by the oil crisis has abated. All those trends...
Thus, when the IMF held the second in its series of gold auctions two weeks ago, it got a mere $122.05 an ounce. Two days later, the London price dropped below $120-a point at which traders thought government banks would start buying gold to prop up the price and protect the value of their own stocks. But the central banks stayed out of the market, and when it became obvious that they would not support the price, panic selling...