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^ * \ .1 KfflagpS^^HVH|^' ' ? W j ' # ?1 I MiBiKBa i ' Prospective gold sellers line up outside tl Gold mm fori '...if the botto be more valuabh By Leroy Williams Gamecock Staff Writor wui iu niMauuuy anu goiu s universal acceptance as a medium of exchange account for a rise in gold prices, says Thomas G. Evans, USC associate professor of accounting and international business. Evans attributes the world uncertainty to events in Iran and the Soviet invasion of Afghanistan, where people in those countries are buying gold for fear of government failure and of the devaluation of papercurrency. "With all this uncertainty, people tend to take comfort in gold." Evans said. "People like gold -- if the bottom falls Olit cold will ho mnrp vnliinhlo than paper money." HISTORICALLY, gold has been used as money because of its scarcity, durability, color and aesthetic value, Evans said. When gold was used as currency, Evans said, if a country wanted more money it had to obtain more gold. Since it became impractical to transport gold because of its weight, nations began using paper money in a fixed proportion to the gold it owned as an exchange medium. pnmnarpH irivoctina in onlH tr\ rlonncifinrt ? iu UVpUJlH"5 money in a bank account. "Suppose I put $700 in the r:{c9|c)|cj|c3|cj|c3|c3|e3{e:tc3|c;|e3|e3|e3|c3tej|c3|c3|e9|c'(c't Need Family Plannin All m< Mh< h Is (>1 birth < >nti< )l<i nl< ll >l< I .( >\V ( "( )Sl l< >1' S< M'VK *( 'S .. V A /I I M I III I 11 V Hi I IV I IV M I in All in lorn union strictly < onii< imtinl I M<\v>n<uu y testing?i\ ?uli?Mlc \ I) s( k ( ! i The Ladies Clinic 1411 Barnwell St. Columbia, SC. 1 I his is noi <i K 'lrn.il .i^rm \ ^ jjc ?jc 5^C 3^C 3^C 5 Earn Extra Ma If you are Blood ty positive or B negative would like to parn i $ 160.00 per month by on our Blood Plasma Proi call 254-6537 for information. Mondav thi Friday. Serologicals of Colum Suits 105, 2719 Middli Columbia, S.C. 292 If vou do not know blood type, we will be I to do a blood typing fo free of charge. BUg* iiMHBHWB | sviiv-:: ,::8b'tr" I ] ^r\3HH|# ftom jp^p^mpmp mm ;*?, j^C' > -^. ^ ?1 j_rt. T" ] Barry Newman GAMECOCK ie Carolina Coin Shop at Trenholm Plaza. t m falls out, gold will ? than paper money9 bank. A year later, at 5':? percent interest. I will have $740. If inflation increases by 10 percent however. I will be 5 percent behind in terms of my money's buying power. "If I invest $700 in gold, a year later, the market price could be $800. which would leave me a lot better off." Evans said. He warned, however, the market price on gold could drop as well. AMERICAN ATTACKS on foreign assets, such as the freeze on Iranian assets, can drive investors to put their money in-gold, Evans said. The fear of a foreign country freezing an investor's money heightens the belief that gold is better since it cannot be devalued, he said. In the United States, gold was an investment opportunity until 1975 because it was not available for salp "I In until thf?n rvinnlo r>r?iilH inct invoct ctrvr>lro WW. W. xy V*IVI14 J/VV^/IV VVMiV* jUUV 111 V vov o v \/v r\o, bonds and real estate," Evans said. Gold has risen from $425 an ounce in October 1979 to more than $800 at one point in January 1980, Evans said. What this price increase means to the average person is that gold jewelry such as class rings and wedding bands will be more expensive. A professor at USC since 1976, Evans is the author of two books on international monetary affairs. His latest book. "Monetarv Muddle." deals at lpneth with the role of gold in the international money market. ^ L< V.^'-Y 1 ---rl Bf; iJL. Y. j"".- J , iV ,Ii, . --j-y -TT- ^ g? Ill C* pet igIff 1% 1C E s MM ney ! Do you wa PG d H ^USSe" ^OI 'P to ii Would you hoin#*! gram! cloSed pen r! iH Would you rough . , Jn parking lo1 -H ixjiainc. campus, th your A Stop ?Pathy r Inland take it to 1 lappy cum * ^ j flU MB MB MM Mfll MR MM MHlHlflMrMHH Business booming for local gold buyer By leroy Williams O L C.n?< vA/. . ? . As gold prices fluctuate wildly. Columbians flock to the Carolina Coin Shop in Trenholm Plaza to soil their silver and gold tnnKets. Co-owner John Landon said lines of hopeful gold vendors have formed at his store for two-to three-weeks. "!t seems iikea year. ' he said ANYONK WHO WALKS into Landon s store expecting to sell goid items for the present market price is in for a disappointment. "We buy considerably under the market price," Landon said He won't specify the exact price he pays because he said he has to allow a safety margin in the event market prices come down. Landon said the gold market is flooded with almost everyone trying to sell and few buying. "It seems like everybody has scrap gold to sell." Scrat) Cold is general! V a mixtlirp of rnnn^r nH anlH hr? cmH - o ? ? rrv * ^,,v" '4VWhen Landon examines a customer's gold or silver item, he tests it for authenticity, weighs it and pays on a weight basis HE COLLECTS class rings, wedding bands, bracelets and necklaces, which he sells to a middleman who deals directly with the refineries which melt the metals to manufacture other products from them. There is some element of risk from customer to refinery. Landon said. During the seven-week delay before the metals are refined the market prices could either shoot up dramatically or plummet "It is a gamble." he said. . ' ^ Since the amount Landon and his co-workers pay customers for their gold depends heavily on what the major market prices are. they have a ticker-tape machine in the rear of the store to keep them abreast of the latest changes in gold prices. But Landon and the rest of the Carolina Coin crew are so busv that "we don't have timp to rhprk it I Who's Hughes? First to develop a synchronous-orbit satellite. Syncom, initiating the whole era ot space communications. First in high-technology electronics. j \/n. .> <!..? nmnl/u./\r /?>/?^. .n?l/vn Dnlnm t uui in91 v7i 1 \yjwyizi vji yiuuuuiivji i, i troiui graduation, ask your placement office when Hughes Aircraft Company's recruiters will be on campus. I 1 ! HUGHES : i 1 i 1 Creating a new world with electronics Aki cr\iiAi /mmvmvti imiiv ctim ri\/rn k?/r I ruicwiwnLvrrvmiuiTn cmrLVitww;r a bb bbs Ha m maa an ma nsa n u oa i*u an n m on can h m mam bsh bh nr U TUU rbcL AdOUI Wt lOSING I :NPSTRFFT? nt more parking around I jse? Yes No B like Greene Street manently? Yes No ( J B like a graduated K L r _ _ /jl _ r ?i ? WUfi r ree ^me runner rrom jj|| e lower the fee)? H Yes No B iow. Complete the questionaire BE the Student Government Office