Word: preciously
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...madness, as usual, was not over precious metals so much as money-specifically the battered U.S. dollar. Once again greenbacks were being sold off heavily in world markets in exchange for more robust currencies. Struggling to keep the buck from plunging further, which would hurt West German exports, the Bundesbank spent $1.2 billion in deutsche marks to buy up unwanted dollars last week. By happenstance, as the buck was worrying down again, central bankers, finance ministers and some 6,000 other leading moneymen were gathering in Belgrade, Yugoslavia, for the annual meeting of the 138-nation International Monetary Fund. Treasury...
...past year especially, investment in precious metals, gems and real estate has seemed almost too good to be true...
...Precious stones are also being snatched up, though unwary investors can lose disastrously. In the past year, high-grade "investment diamonds" of one carat or more have risen 45% in value and now often sell for $31,000 per stone. But smaller and flawed gems, which are normally sold only for jewelry to hide the imperfections, may be poor buys; four quarter-carat, lesser-quality stones are usually worth much less than a single good-quality, one-carat stone...
...that may be caused by cataclysmic events in the heavens - they hope to achieve a goal whose proof has so far eluded Western scientists: unambiguously detecting the gravitational waves forecast by Einstein's general theory of relativity. Why is a nation still struggling to meet basic needs investing precious yuans and talent in such far-out endeavors? Explained Fang Yi: "We consider basic research fundamental to all scientific progress...
...Your precious Harvard will lose to Mass. 20-7! And my precious Brown, even without Mark Whipple, will defeat R.I., let's say by a score of - well not less than...