Gold as a timeless hedge and its wary believers
A New York AP analysis argues gold remains a winner amid inflation, calling it a solitary store of value resistant to printing, and notes Treasury sales once dampened prices yet saw gold soar toward $300. It contrasts gold’s appeal with stock market excesses of the 1960s and questions public skepticism about gold bets.
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Nigeria orders cut in Soviet training mission
U S intelligence says Nigeria told Russia to shrink its military training presence from 38 advisers to 5 next year. Nigerians fault Moscow for spare-parts shortages and weak maintenance of MiG 21 jets, while praising the aircraft itself. Nigeria may seek help from India or Western suppliers, risking a broader shift in military aid.
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