Word: hoarding
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Dates: during 1960-1969
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...watch shop across from the railway station in Basel, still looks like the second-class hotel it once was. Travelers who often enter its musty lobby hoping to change their money find neither tellers nor vaults nor any cash at all. The B.I.S. keeps elsewhere its $1 billion gold hoard and $1.7 billion in other assets, for it is primarily a nerve center for its eight member central banks...
Still, the Treasury's once vast hoard of the metal shrank by mid-May to a mere 485 million oz. (a quarter of its 1960 size) as the Government was forced to stick to its policy of selling silver at a low-pegged price. For if the price of silver rises above $1.40 per oz., it becomes theoretically profitable to melt silver dimes, quarters and pre-1966 half dollars for their metallic content...
...twice among the priceless Buddhas. And what's worse, the roof leaked. All that was a bit much for Millionaire Builder Avery Brundage, 79, president of the international Olympic committee and one of the world's foremost collectors of Oriental art, who donated his $30 million hoard of treasures to the city of San Francisco for display in the M. H. de Young Museum. Having posted 20 letters complaining about the museum's treatment of his trove, Brundage finally fired off an ultimatum: "It is quite obvious that this project is too large for this museum...
...staged a $100,000 exhibit around it, including a hurricane room with simulated thunder and lightning and a reconstructed captain's cabin with an open chest of gold coins and a live macaw. Handsome though it was, the display merely hinted at the real splendor of the original hoard. The Silver Plate fleet, commanded by Captain General Don Juan Estéban de Ubilla, bore silver and gold worth today's equivalent of about $14 million, together with Chinese silk and porcelain and a sumptuous set of jewelry intended for the bride of Spain's King Philip...
Clearly the new system can be absurd -- some will undoubtedly hoard several books until 9 p.m. and then check them out for the night. Yet even now, in the midst of November hour exams, people say it is easier to get books than it was a year ago under the closed system...