Word: sell
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Dates: during 1970-1979
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Most exhibitors were promoting mini-computer systems, which small businesses are beginning to use for bookkeeping, "word-processing," and information storage. Some systems sell for under...
...orders are for $10,000 or less, and some of the checks being used for payment are being drawn on credit unions and savings banks by small investors. Joseph Hale, president of World Wide Coin Investments in Atlanta, reports that one client wanted advice about whether to sell her house to buy gold. Most small investors appear to be looking not so much for profit as capital protection...
...price enters the stratosphere, the risks become extraordinary. If you look over the edge from here, it's a long way down." Even if there is no great plunge, the small investor especially can find himself paying more than he figured for his bullion. When buying or selling coins, for example, dealers commonly add a charge amounting to 5% or more of the market price. Thus someone who bought a Krugerrand when gold was at $380 last week would have to wait for the price to hit $420 before he could sell and get his money back...
...into the gold boat. What they do not realize is that when everyone gets in, the boat sinks." If a great many large investors move to take their profits, the sinking could be rapid. Although there is no evidence of this happening yet, smaller investors who are unable to sell quickly could find that gold fever is not only contagious but very painful as well...
...denominated short-term securities, since they earn nothing. Other currencies are a better buy. For example, even though the West German prime rate of 7.75% is more than five percentage points lower than the U.S. prime, West German inflation is about one-third that of the U.S., so traders sell dollars to buy marks and other currencies where they can earn a real return. This weakens the dollar. But if the Fed were to push U.S. interest rates another one-half of 1%, to 1% above the rate of inflation, it might lure some money back into greenbacks...