Word: platinum
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Dates: during 1970-1979
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...caricaturist and is now drawing A Cartoon History of The Who. In this work, Entwistle made up imaginary ancestors for each of the band members based on some of their salient characteristics. There is, for example, a certain Wild Bill Daltrey, a tightwad gunslinger who drills his victims with platinum bullets, then digs them out of the victim for reuse. Townshend's forebear is a Norman soldier who landed at Hastings in 1066, fell out of the boat onto his shield and invented surfing, acquiring in the process a hugely swollen nose. Entwistle's own predecessor is a soused...
...least temporarily checked. Despite nervousness in world financial markets caused by events in Iran, the dollar has been strong for the past month. Typically, one Frankfurt banker says with a sigh of relief: "For the first time I can confidently see a stable rate for the dollar." Silver, platinum and copper markets, which had soared like comets in early October, have returned to some calm...
...effort to invent the electric light), but had a genius for spending even more than he raised. Not on himself; his oddball personal habits were far from extravagant. But no sum was too great to lavish on his laboratories; Edison ordered the most expensive materials on earth, like platinum, by the pound. He was also the creator of the modern research and development lab, which he called an "invention factory." He was the first to hire a team of scientists and technicians and set them to work systematically producing innovations. But his inability to stay within a budget would speedily...
...financial centers experienced a whiff of panic last week. In two days of frantic trading, the price of gold on the London exchange soared a breathtaking $50 per oz. to $447 at one point; then it plunged back down almost as steeply, closing the week at $385. Silver, platinum and copper also gyrated wildly. Said a New York bullion trader: "The market's gone bananas...
Other investment metals have been better buys in the past year. Platinum, at $5 10 per oz., has risen by almost 75% since last October. Silver, at $15.92 per oz., has nearly tripled, largely because investors have been buying it as a sort of poor man's bullion...