Metal Men: Marc Rich and the 10-billion-dollar Scam - Chapter 2 Summary & Analysis

A. Craig Copetas
This Study Guide consists of approximately 29 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Metal Men.
This section contains 315 words
(approx. 1 page at 400 words per page)
Buy the Metal Men: Marc Rich and the 10-billion-dollar Scam Study Guide

Chapter 2 Summary and Analysis

In 1984, a rumor penetrated the metal trading world that President Reagan had succumbed to a cerebral hemorrhage. Although there had been no official word from the White House, the story had spread through the trading world like wild fire. Trades were escalating. The demand for precious metals like gold and silver was burgeoning. The traders comforted themselves with speculation that the White House had delayed confirmation of the President's passing until VP Bush made it back from Russia. Gold was being sold but it was in short supply and not physically accessible. President Reagan's passing had fueled demand for the earth's resources. A ruthless fight ensued.

As the afternoon wore on, Reagan's death was still not confirmed although the rumor had grown even stronger in the market. The acquisition of gold was a growing problem. The dollar began to drop against...

(read more from the Chapter 2 Summary)

This section contains 315 words
(approx. 1 page at 400 words per page)
Buy the Metal Men: Marc Rich and the 10-billion-dollar Scam Study Guide
Copyrights
BookRags
Metal Men: Marc Rich and the 10-billion-dollar Scam from BookRags. (c)2016 BookRags, Inc. All rights reserved.