Word: traded
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...likely to motivate American leaders to do so; nonetheless, the change is welcome no matter how self-interested the reason. The U.S. should not allow its past mistakes to shape its future policy. In the future, both nations should vigorously pursue compromise on issues such as illegal immigration, trade policy, U.S. purchase of Mexican oil and natural gas and Mexico's internal economic development...
...Fort Knox reserves in its efforts to prop the faltering currency. Since early 1975, the Treasury has been holding periodic gold auctions in an attempt both to drive down the metal's price and to improve the appalling U.S. balance of payments deficit. The auctions benefit the trade balance because gold sales to foreigners are counted as exports. The International Monetary Fund has also been conducting monthly auctions, but the dollar has kept plunging anyway. In fact, a key element of President Carter's November rescue plan, which finally succeeded in bringing at least the semblance of stability...
...since 1919, the worldwide price has been set twice a day on the London gold market by five of Britain's leading dealers in bullion. They meet in the offices of N.M. Rothschild & Sons, the City bank, and agree upon a price at which all are prepared to trade in the metal that day. Meanwhile in the U.S. an enormous and highly speculative market in the trading of gold "futures" contracts has developed on the New York Commodity Exchange and Chicago's International Monetary Market...
Many countries, companies and individuals are deeply involved in the gold trade and benefit when the price goes up. Thus they are committed to gold and tend to promote it. Here are some of the leading members of the Gold Establishment...
Headline of the Week from the New York Times: HOW IRAN UNREST AFFECTS RUG TRADE...