Word: investers
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During the New York trial, Bunker Hunt testified that he began accumulating silver in 1973 as a hedge against inflation, "to invest in something I could get my hands on." By late 1979, the brothers had acquired more than 180 million oz. of bullion and coin. Prices rocketed to euphoric heights, hitting a peak of $50.35 per oz. in January...
...exhausted that I ended up insulting them and raising the price, and still they bought the picture," she said. "Here, no matter how I approach them, no one will stop. They don't want to spend their money on this sort of thing. They'd rather invest it elsewhere. Like Tiffany...
Opportunities to invest in the minors used to be limited, since about 90% of the farm clubs were once owned and operated by the major-league teams. But by the mid-1970s, as minor-league attendance hit a low point and expenses began to rise, major-league owners began unloading the subsidiaries to local businessmen. Today less than 15% of the teams are owned by major-league clubs...
...levers of government, along with state money, to goad business into helping achieve liberal goals -- from rebuilding depressed areas to providing health insurance for all workers. Can this liberalism on the cheap work on the federal level? There is reason to wonder, especially since the resources Dukakis proposes to invest seem so paltry compared with his promises. But he does have the virtue of being the first modern Democratic nominee who can talk of plans and programs without prompting voters to check their wallets...
...example) as an unproductive distortion of the system. "What made stock markets important in an economy," he writes, "was their transmission of investors' judgments as to which industries and which companies were most likely to thrive and thus should find it easiest to raise fresh money. For professionals to invest huge pools without exercising that sort of judgment subverted some part of the legitimacy of market capitalism...