Free Republic

BEIJING — A fire in gold mine in eastern China killed at least 14 workers and trapped eight underground, a state work safety official said Saturday. The fire that broke out Friday afternoon at the Lingnan Gold Mine in Zhaoyuan city in eastern Shandong province had been put out but rescuers were still working to free those underground, according to the chief of the state work safety administration's policy law and regulation department. He identified himself by his surname as Li. The state-run Xinhua News Agency said the fire initially trapped 50 workers, but all but the eight had been...

Part 1: Gold Vanishing into Private Hoards Introduction. While doing research in the Library of the University of Chicago in the early 1980’s I came across the unfinished manuscript of a book with the title: The Dollar: An Agonizing Reappraisal. It was written in the year 1965. It has never been published (although it has received private circulation). The author, monetary scientist Melchior Palyi, a native of Hungary, died before he could finish it. Monetary events started to spin out of control in 1965, culminating in the default on the international gold obligations of the United States of America six...