Word: largest
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Dates: during 1970-1979
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...Citizen's Association. Geographically Brumley Gap is a chip in the rim of a natural cup shaped by the South Virginia Hills. APCO is the Appalachian Power Company, which wants to put a 200-foot-high dam in the notch, turning the bowl into a reservoir for the largest pump-storage facility in the U.S. and putting the old homesteads of nearly all Brumley Gap's 119 families under water. The hope of finding Indian graves and getting the whole area protected from APCO by having it registered as a National Historic Place is just one of several...
...climb has been helped by reports that South Africa, until recently a major consumer of Iranian oil, has negotiated a long-term deal to buy alternative supplies from Saudi Arabia in return for gold. Since South Africa is the world's largest gold producer and Saudi Arabia is the world's largest oil exporter, such a deal would divert much gold away from world commerce and into Saudi vaults, forcing up the price of the metal still more...
Today, along with bullion sales to oil-rich sheiks, monied Asian merchants and Europeans, there is surging demand in the U.S. Of the 54.2 million oz. of gold that entered commerce worldwide last year, almost one-fifth−11.5 million oz.−was sold in America. The largest jump has come in the purchase of South Africa's heavily promoted Krugerrands. Last year the apartheid government in Pretoria minted 6 million of the 1-oz. coins, and nearly 3.7 million were imported by the U.S. That is more than twice as many as were bought the year before...
...largest bazaars for the purchase and sale of the metal remain in London and Zurich. As it has been since 1919, the worldwide price has been set twice a day on the London gold market by five of Britain's leading dealers in bullion. They meet in the offices of N.M. Rothschild & Sons, the City bank, and agree upon a price at which all are prepared to trade in the metal that day. Meanwhile in the U.S. an enormous and highly speculative market in the trading of gold "futures" contracts has developed on the New York Commodity Exchange...
...silver, and half as much in Swiss francs. Just over three years later, the gold is worth more than $16,000, and the other investments have also gained handsomely. Now he plans to increase his investments. At Deak-Perera, the nation's largest retailer of gold coins, Chairman Nicholas Deak reports that some of his recent customers have been high school kids. Says he: "It's a little scary. They just walk in and say they have a little money and they want to buy a Krugerrand...