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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jan 28, 1980
Page
6
An AP report recalls how gold rose from under $40 in 1970 to about $630 in 1979 as turmoil drives demand. Analysts say gold shifts from hedge to industrial asset, while fears of currency collapse and expropriation push buyers toward security and universal acceptance.
Dawson W Riggleman Jr is named vice president at The Commercial and Savings Bank. Hubert Edwards announces the promotion as Riggleman advances from management trainee in 1972 to assistant vice president in 1977.
A CPA explained the differences between condominiums and cooperatives. Co-ops require board approval for buyers and share ownership in a building, while condos grant title to units. Taxes, mortgage considerations, and voting rights differ, and financial risk in a failed co-op falls on residents.
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