Word: lesses
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Dates: during 1970-1979
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...concentrated cannonade from some financial Guns of August, and its steady, summer-long retreat turned into a disorderly rout. It fell 4½% against the Swiss franc in a single day, while the price of gold, the ultimate refuge for investors worried lest their dollars become worth much less, hit an unheard-of $215.90 an ounce. So the White House passed the word that President Carter was "deeply concerned" and had asked Treasury Secretary W. Michael Blumenthal and Federal Reserve Chairman G. William Miller for advice on what he could do to stop the drop. Then the President called...
...tons) is still around, most of it is either locked away in vaults of central banks or stashed in private hoards. Buyers essentially must bid against each other to purchase newly mined gold-and production in South Africa, the leading mining nation, fell to 700 tons last year, 30% less than in 1970. Moreover, makers of jewelry and industrial products are expected to snap up about 70% of what new gold does become available this year, leaving still less for the goldbugs to fight over...
...steps in to regulate their income. His vested interests move Deak to believe that gold holders will prosper, because he expects the barbarous metal to rise and rise. The Arabs, he notes, are pushing up the price by putting so much of their new wealth in gold. He is less enthusiastic about big gold coins than small ones, which are easier to barter in a pinch. He thinks that silver has even more potential for gain because it has not yet risen as much as gold, and within two years there will be a shortage of silver for industrial...
...some explanation for Branson's hardness. Here we haven't the faintest idea what motivates these two men in modern-day America. Given O'Neal's skill as a driver, the thought keeps occurring that he could be doing just as well, with a lot less hassle, on the stock-car circuit. And Dern's cynicism easily qualifies him for a job behind a big desk at an entertainment conglomerate...
...were putting superheat on the Carter Administration for more fusion funding, they were probably mistaken. John Deutch, the Department of Energy's research chief, pointedly noted that while the Princeton work was gratifying, it was not a "breakthrough." Thus the Administration remains tilted more toward conservation and coal, less toward advanced research, however exciting...