Word: preciously
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Dates: during 1970-1979
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...famous 17-year cicada has nothing on the perennial goldbug. Quick-buck speculators, long-haul investors and just plain inflation-scared savers have put so much money into gold that last week it ballooned to a record $277.15 an ounce. Other precious metals have been piggybacking on the yellow stuff. Lately silver and platinum have risen even faster than gold. Predictions that gold could hit $300 an ounce by midsummer-and that other metals could rise in tandem -are becoming self-fulfilling as speculators rush to buy in anticipation of higher prices...
...rise in precious metals is also powered by a lack of supply. The U.S. Government sells gold to support the dollar; but since the greenback has strengthened this year, traders figure that Washington might call off its gold auctions. Last month the Treasury cut its monthly offerings in half to 750,000 ounces, and the International Monetary Fund has reduced its monthly sales slightly, to 444,000 ounces. "Combine those two, and you take out almost 20% of supply," says a U.S. gold analyst.Soviets, who earned $2.6 billion the sale of 13.8 million ounces of gold through the Wozchod Bank...
Strong economies in many countries have also put the squeeze on th supply of those precious metals that are used in industry. Platinum, which is needed for pollution-fighting catalytic converters in cars, has risen an eye-popping 173%, to well over $400 an ounce, since the Soviet Union, a big supplier of the metal, started throttling back exports two years ago. Some market watchers expect it soon to hit $500. The demand last year for silver, used for coinage, camera film and tableware, was about 17 million ounces greater than the supplies of 433 million ounces from regular channels...
...sorry, this is a charter," the student driver said as he slammed the Harvard shuttle bus door in the face of a couple of wet, Quad-bound students last week. Archie C. Epps III, dean of students, could only smile faintly to his precious bus cargo, a group of influential Harvard alumni known as the University Resources Committee...
...from childhood; the cartoons he shows-including a couple of kindergarten antiprejudice tracts-were long-ago gifts from his grandfather. "The audience," says his collaborator Bob Zmuda, 29, "is asked to become babies again." This is a sort of low-level exercise in primal manipulation that might turn precious, like a Steve Martin extravaganza of silliness. But Kaufman, whether he chooses to acknowledge it or not, is up to something a good deal more ambitious. He is continually questioning, then undermining the idea of what is funny. "Andy takes a lot of risks," Zmuda says. "What performer in his right...