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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
May 17, 1980
Page
4
The U S Treasury will sell gold medals not as currency but as investment pieces. The half-ounce and one-ounce coins celebrate American artistry with honors to Marian Anderson and Grant Wood, shaping a collectible program slated for 1980.
The text explains the former gold standard system where every dollar in circulation was matched by gold reserves in government storage. It notes that this backing no longer applies and that the public could previously exchange money for gold at banks.
The United States holds more gold than any other government with reserves stored at five sites. About half is housed at Fort Knox in Kentucky, while the remainder is in Denver, San Francisco, and two locations in New York City.
Panning for gold is a method used by prospectors to find gold in river gravels. They scoop gravel into a pan, wash it with water, and shake. the heavier gold settles at the bottom while lighter material washes away.
The price of gold moves with supply and demand among major dealers in Hong Kong London Zurich and New York. If buy orders exceed sell orders the price rises. if sell orders exceed buy orders the price falls.
South Africa is the leading gold producer. Thousands work daily in hot dangerous mines. Miners drill holes, place explosives, and retreat before blasts. Tunnels are tight and require crawling. Ore is crushed and hauled to surface by trains. It takes about three tons of ore to yield one ounce of gold.
Gil Gerard began as a Little Rock chemist with three workers, unhappy with science. He turned to acting after grade school stages, pursued training in New York while taxiing at night, then moved through Philadelphia to a TV role in The Doctors. He later started a production company in California and starred in Buck Rogers in 1978. He now resides in Los Angeles and supports handicapped children through the Special Olympics.
A word list style puzzle where all answers end with R. Across clues include a flower, a lullaby line, a vehicle, a railway role, and body parts. Down clues include actions like cover or heat, plus phrases about soup and a striped animal. Each answer ends with the letter R.
A word search like puzzle embeds terms tied to gold and its processing. Seek bars coins jewelry bullion mining panning digging refining ore casting karat alloy standard nugget leaf ring bracelet and necklace hidden within the block.
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