Word: marketeers
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Preference for Metal. It was a ritual pledge, made in response to urgent requests by European bankers to help quell a new outbreak of speculation. The free-market price of gold had been creeping up for more than a month, partly because of tensions in the Middle East and partly because Kennedy inadvertently raised hopes in December that the new Administration might raise the official gold price. Mindful of Nixon's orders to avoid taking policy positions before the inaugural, Kennedy replied to a question about gold prices by saying that he would "keep all options open." Despite disclaimers...
...weeks ago, the free-market price in London and Zurich climbed to $42.75 per oz. That was the highest in the ten months since a buying panic forced central bankers to adopt a two-price system and stop supporting the price of privately traded gold at $35. After Kennedy's declaration last week, the free-market price retreated...
Still, the 20% gap between the different prices revived skepticism about the durability of the "two-tier" price system. In last year's gold rush, the $3 billion that drained out of official reserves created a price-stabilizing oversupply of the metal in the free market. Now that cushion is depleted because speculators have bought it up. If the price gap grows larger, the central bankers of smaller nations might be tempted to unload official stocks of gold at the much higher free-market price-thereby circumventing the two-tier arrangement...
...might increase their reserves of monetary gold. South Africa is sitting on a horde of $1.25 billion in gold, waiting for a crisis that would lift its price. But the South Africans seem willing to make a deal. They would probably sell half of their gold to the official market at $35 per oz., if they could also get permission to sell the other half at a higher price on the free market. At the same time, the world's monetary authorities would put a floor under the gold price by agreeing to buy South Africa's bullion...
...each was quickly oversubscribed, and shares rose to about $12.50 by week's end. New capital will enable Parks to expand his model sausage factory in Baltimore and to fatten his rather limited product line. About 12,000 stores on the East Coast from Virginia northward market Parks pork sausages and scrapple. Soon to come are quick-cooking sausages, beef sausages, and what Parks calls "the whole line of Southern foods, such as barbecued anything...