Word: krugerrand
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...softening. If you don't like horses, don't come in." For those who love the smell of the liniment and the roar of the parimutuel, however, there is no investment that can match the thrill. Consider the dreary alternative: no one ever got to kiss a Krugerrand in the winner's circle...
...Editor Christopher Byron, who edited the cover, had a good word to say about high rates: "They have turned me from a spender into a saver," he says. "If you can get 14% or even 15% on your money at a bank, why buy an Oriental rug or a Krugerrand...
While gold has not been used to settle accounts between central banks for a decade, it still remains the barometer of world tension. From mud and straw shanties in India to plush villas in France, nervous people stash away Krugerrand coins or gold jewelry at the first sign of any political or economic unrest. Last week, after the Israel's attacked Iraq's nuclear reactor, the price of gold immediately shot...
Over the years, however, the Crimson has rejected a very small number of advertisements--cases of exploitation so egregious that we decided neither to accept the advertiser's money nor to give him space. Among these ads was an order-blank for the South African government's Krugerrand gold coins, a solicitation for Radcliffe women to pose nude for Playboy magazine, and a subscription blank for Bang magazine, another porno publication. This month the Crimson voted to reject a subscription ad from Screw magazine, which its representative described to us as "only a little more hard-core than Hustler...
...domestic gold. The smallest quantity offered by the Treasury Department in its monthly auctions before they were canceled last October was a 300-oz. bar that sold for as much as $118,000. A Midas with a smaller touch usually turned to the popular 1-oz. South African Krugerrand, which sells for about $25 more than the spot price for gold (last week's closing: $510). Throughout the years the South Africans had a virtual corner on the small-investor gold market, selling an estimated 1 million Krugerrands in the U.S. annually. But competition has been getting stronger. Last...