Word: krugerrand
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...example, a largely Roman Catholic organization, a blanket call for divestiture has been rejected as too extreme. The group instead works for a platform in opposition to bank loans to South Africa, new investment in the country, sales to the military or police forces of South Africa, and Krugerrand sales in this country. Krugerrands are gold coins minted by the South African government...
...example, a largely Roman Catholic organization, a blanket call for divestiture has been rejected as too extreme. The group instead works for a platform in opposition to bank loans to South Africa, new investment in the country, sales to the military or police forces of South Africa, and Krugerrand sales in this country. Krugerrands are gold coins minted by the South African government...
Four days before the election, Chicago's major Krugerrand seller, the First National Bank of Chicago "just caved in," says Norman Watkins, a worker at the Chicago branch of CALC. Weighing financial balances, the bank decided to forego its commission on the nearly $10 million in Krugerrands that it handled each year. "There is now no major bank in downtown Chicago that sells or handles Krugerrands," Watkins says...
...Treasury began minting 1-oz. and ½-oz. gold medallions in 1980 to compete with popular foreign coins, particularly the South African Krugerrand and the Canadian Maple Leaf. Since then American goldbugs have bought only 603,000 oz. of U.S. medallions, compared with at least 6 million oz. of Krugerrand and Maple Leaf coins...
...problem, apparently, has been the ponderous Postal Service. Buyers had to wait as long as two months to receive their gold in the mail. In contrast, dealers sell the Krugerrand and Maple Leaf over the counter for cash or certified checks...