Word: londoners
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Dates: during 1960-1969
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Even if the South Africans do so, Swiss bankers last week insisted that they can challenge London's long supremacy in the market. Their customers siphoned off some $2 billion worth of gold from London between the mid-November devaluation of the pound and the mid-March closing of the gold pool, when the U.S. and six other countries stopped selling gold to the private market. That huge supply, equal to about two years' South African output, must remain the key source of bullion for free-gold trading for some time...
Swiss Pool. The three largest Swiss banks-Credit Suisse, Union Bank of Switzerland and Swiss Bank Corp.-have formed a joint gold pool to share purchases, sales and profits. In place of the London dealers' twice-daily meetings (10:30 a.m. and 3 p.m.) to fix the price of gold, the Swiss-bank traders confer about prices every few minutes throughout the day over direct phone lines. Instead of collecting a commission, the Swiss charge buyers of gold more than they pay sellers. That "spread" started out as high as $3 per oz. in the first days after...
...rivals even went so far as to test the strength of London gold supplies directly. Convinced one day that the London dealers had fixed their price too low, the Swiss banks ordered 21 tons of bullion, found London able to supply only 60% of the order...
...supply of captured German documents that had been lying unused and neglected for many years in an AEC warehouse at Oak Ridge, Tenn. From his meticulous research he has put together a chilling account of a project that might have changed the outcome of the war and reduced London or New York, rather than Hiroshima and Nagasaki to radioactive ashes...
...only true emotion is self-pity; his agony is that he must endure all the chic, swinging, semihighbrow parties before one of the nubile feathery birds will sing for him. A brisk, no-nonsense sort of novelist, Glanville catches wonderfully the spiv tone of conversation in swinging London. As a study in frustration, The Artist Type succeeds in making the reader sad for the hero, but not nearly so sad as the hero is for himself...