MAKING GOLD DEAR
"SCRAP" IS OUT OF LINE
TWO GOLD PRICES
(Received December 18, 2 p.m.). AVASHINGTON, December 17. The Brookings Institution, one of the nation's foremost economic research organisations, entered into the mone-„ tary controversy today. It published a study attacking President Roosevelt's gold-buying policj*, and said that if that policy were followed it would disrupt world' trade and would lead America into unbridled economic nationalism. There are persistent reports that the inflationist elements. are coming to tho conclusion that merely buying newlymined and foreign metal is inadequate to bring prices up to the desired levels, and may insist that Congress create an open gold market, the Government purchasing any gold offered at increasingly higher prices ' until it gets tha desired results. It is pointed out that scrap gold has dropped to about 22 dollars an ounce, compared with the Government's price of 34.01 dollars for newly-mined gold.
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Bibliographic details
Evening Post, Volume CXVI, Issue 146, 18 December 1933, Page 10
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149MAKING GOLD DEAR Evening Post, Volume CXVI, Issue 146, 18 December 1933, Page 10
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