Word: store
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Dates: during 2000-2009
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...gyrations are the Dow Jones index of anxiety," as this magazine put it three decades ago amid the last big gold fever. When investors are scared - about inflation, about political turmoil, about financial breakdown - they return to the soft, shiny metal that has for millennia served as a store of value. When things calm down, as they did after the gold price peaked in 1980 at $850, demand for gold subsides and the price declines. (See pictures of modern day gold prospectors...
...some family who had settled there previously. Liu eventually followed with his family. Several other relatives joined them after that. More than a dozen members of Liu's family now live in P.N.G. The downtown building in which the Rickshaw is located also has a clothing shop, a variety store, a gaming bar and another eatery, all run by Chinese. When I ask about visas, he laughs and says immigration issues are not a problem in Papua New Guinea. "The locals don't know how to do trade, and the government knows that," says Liu. "If locals get money, they...
...next section - popular chocolates shaped like triangles or trapezoids - the Kit Kat from Nestlé just beat out Hershey's Kisses, an entrant at a slight disadvantage because voters had to imagine how they tasted after the local convenience store sold out of them. (That may have been for the best: TIME's test generated a deluge of opinions about where the best chocolate comes from. The bottom line on the Old World side of the Atlantic: big selling American chocolate is sour, powdery and generally inferior to European chocolate...
...change of winds was in store...
...imbalances will continue to persist, say analysts and North Korean defectors in Seoul. The largest and wealthiest of North Korea's traders, including government-owned companies, have long since swapped out of North Korean won and instead hold Chinese renminbi, yen or dollars as a store of value. The black-market value of the won has been decreasing for years, and North Korean inflation has been accelerating. The former head of a large North Korean trading firm who recently defected to Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says...