Word: hoarder
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Dates: during 1960-1969
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Where prices go next depends largely upon Mexico, which last year produced one-fifth of the free world's new supply of silver and is also a big hoarder of the metal. Last week the Mexicans, acting to hold the price at $1.13, were cautiously selling from their reserves. They were fearful that if the price went much higher, Red China might start dumping its reputedly large hoard and thereby crack the market...