Word: perring
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...greatest gold rush in history. Almost all of the demand fell upon the London gold pool, through which the central banks of the U.S., Britain, West Germany, Switzerland, Italy, Belgium and The Netherlands had for 6½years maintained the free-market price of bullion at its $35-per-oz. monetary level. Between Britain's Nov. 18 devaluation and March 15, when the London market was closed at the U.S.'s request, the buying stampede drained the pool of some $2.5 billion of gold - nearly 2½times the amount mined in California during the 25 years from...
...central banks are saying to the speculators: 'Take it to the dentist.' ! With the London gold market, the world's largest, closed until April 1, the demand for gold dropped abruptly last week in smaller markets elsewhere. In Zurich, gold bars that brought $43 per oz. at the start of the week sold for $39.25 by week's end. In Paris, where the price had shot up to a record $44.36 the week before, the cost of fine gold declined to $37.89 at midweek before rebounding...
...decisive element is how long the gap between gold's monetary price and its free-market price remains small. For the present, the latest $2 billion of gold to reach private hands creates a price-depressing oversupply in the market. If the free price rises to $45 per oz. or more, as some European moneymen predict, it may tempt some nations to sell official gold for the profit. Hoping to prevent that, the U.S. last week made it clear that its gold window will be shut to governments that refuse to cooperate with the new system. Could a central...
...year history, the U.S. has formally devalued the dollar in terms of gold only once, in 1934. Franklin Roosevelt's aim in raising the price of gold from $20.67 to its present $35 per oz. was to mid-Depression.*Not increase only farm did he prices in fail in that objective, but dollar devaluation furthered a chain reaction of compet itive devaluations and trade restrictions aimed at preserving jobs. One effect was to devastate world trade, which fell 57% between...
...estimate is correct, the number of college graduates inducted could jump to as high as 150,000 out of a total draft of 240,000 projected for fiscal 1969, which begins July 1. This represents a jump from 5 to 60 per cent in the proportion of draftees who have completed college study...