MONETARY GOLD
UNITED STATES HOLDING
NEARLY HALF WORLD TOTAL
NEW YORK, 20th March. The Federal Eeserve Board reveals that the United States is holding the largest amount of monetary gold ever held in any country, possessing over twice as much as France, vhich ranks second, and nearly seven rimes above the gold reserve of the Bank of England. It is reported that the United States now holds a total of 4,685,000,000 dollars in monetary gold, which is 43 per cent, ol" the total world supply, and 1 u-hieh—for the first lime—pruviiics more than dollar-for-doll.ar backing for all currency circulating in the country.
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Bibliographic details
Evening Post, Volume CXI, Issue 68, 21 March 1931, Page 9
Word Count
102MONETARY GOLD Evening Post, Volume CXI, Issue 68, 21 March 1931, Page 9
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