Word: silver
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Dates: during 1970-1979
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COMMODITIES. Last year the hottest items were soybeans and wheat; this year the fastest action is in sugar and metals. On the Chicago Board of Trade, Dealer Larry Blum says, "silver was going up in a day as much as it ordinarily does in a year." The biggest silver speculator is Dallas Centimillionaire Nelson Bunker Hunt, who has used his petro-wealth to buy millions of dollars worth of future contracts for silver. Unlike most commodities gamblers, Hunt has accepted delivery on some of the metal, which he apparently intends to hoard until the price goes higher...
...moment, investments in these inflation-beating areas look secure. But there is no guarantee that the heady returns will continue. A sudden drop in demand for a product could send its price plummeting. Already silver and sugar prices have backed down from highs reached earlier this year. And land, metals, paintings and coins have one huge disadvantage as investments: once they pass their price peaks, they are much harder to unload quickly than stocks or bonds...
...Pahlavi, the Shah of Shahs, inheritor of Persia 's ancient throne, recently was interviewed by Time Inc.'s Editor in Chief Medley Donovan and Chief of Correspondents Murray Gart. Their meeting took place over tea in his enormous second-floor office, a cruciform chamber in green and silver, in the Niavaran Palace, the royal residence in Teheran. The highly active 54-year-old monarch sighed frequently as he talked, his voice sometimes dropping to a whisper, as though betraying the burden he feels as the absolute ruler of Iran's 34 million people. For more than...
...films a pilot for a possible series-about a sometime hired gun trying to reform himself by helping out the widows and orphans he had formerly oppressed. The picture's highlight was a hellishly ingenious finale in which the hero walked down the heavy into a steamy, bubbling silver smelter...
...conversation takes place in a silver Toronado parked on Tremont Street in South Boston. The man in the driver's seat is a lawyer representing a family the Cabots do not speak to. The man next to him is named Cogan, and Cogan is the man to keep your eye on in George V. Higgins' third novel about the Boston underworld. In The Friends of Eddie Coyle and The Digger's Game, drawing on his drastic experience as Assistant U.S. Attorney for Massachusetts, Higgins followed a couple of very small cockroaches as they skittered every which...