Word: metallers
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...Part of it is the fact that "gold's gyrations are the Dow Jones index of anxiety," as this magazine put it three decades ago amid the last big gold fever. When investors are scared - about inflation, about political turmoil, about financial breakdown - they return to the soft, shiny metal that has for millennia served as a store of value. When things calm down, as they did after the gold price peaked in 1980 at $850, demand for gold subsides and the price declines. (See pictures of modern day gold prospectors...
...there is more to gold's current boom than just a flight to safety. The metal is showing signs of a more sustained run at respectability. So while its price will at some point stop going up (and start going down), don't count on another descent into seeming irrelevance, as occurred in the 1980s and '90s. That's because of changes in the mechanics of investing in gold and the weaknesses of the current gold-free international monetary system...
...Mather, look attractive. Sert’s graduate student housing complex, built in 1964, may have been lauded for its innovative combination of building size and community-oriented design, but that doesn’t change the fact that it is oppressively ugly. The concrete towers and multi-colored metal shutters on the river-side windows seem to go out of their way to ruin what is otherwise an impressive set of buildings and, unfortunately, they succeed...
Every morning, Sarim Zaidi, 17, puts on his school uniform, straightens his tie and hops into the car his parents provide for him to go to the Imperial International School and College in Islamabad, an upscale private institution. After his driver drops him off, he goes through metal detectors, winds his way around barbed wire, glances nervously at the armed guard on the roof and flashes his ID badge before finally entering a classroom...
...nouveau swags on the façade of Art Hotel Boston, which despite its name is not in Massachusetts but in Turin, give no hint of the modern-art bonanza within. Guests check in beneath a poetic fusion of paint, cement and metal by Torinese artist Marco Gastini. A triptych by Roy Lichtenstein and a watercolor by Lucio Fontana hang in the bar. But it's the plethora of paintings, photographs and sculptures by lesser-known Italian talents - Luigi Ontani, Carla Accardi, Nicola Bolla - that suggest this is a private passion made public...