Word: niners
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Dates: during 1980-1989
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Gold prospecting ain't what it used to be. The old Forty-Niner went West to make a fortune all by himself. Today the new breed organizes, suits up in pinstripe, and tries to dig gold out of an obscure clause in 85-year-old bonds. This week the 300 members of the Gold Bondholders Protective Council plan to file a class-action suit in Anchorage, Alaska, that could force several companies and states to pay off $1 billion in long-term bond debt in gleaming gold...