RUSH TO SELL GOLD.
HOARDERS IN BRITAIN.
SOVEREIGN FETCHES 27s 6d.
LONDON. Feb. 19,
An increasing rush to sell gold has §et in,, owing to the rise in the price. Dealers are offering 27s 6d for a sovereign. One firm of bullion refiners has received gold valued at £250,000, and it is still flowing in at the- rate of £IO,OOO a day. People throughout the country are selling hoarded sovereigns, jewellery, wedding rings and even false teeth frames; Two-column advertisements in the newspapers announce offers to buy gold and dealers are working overtime. Gold coin is going abroad, mostly to France, where a sovereign is fetching up to 37s 6d.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19320224.2.100
Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21115, 24 February 1932, Page 10
Word Count
110RUSH TO SELL GOLD. New Zealand Herald, Volume LXIX, Issue 21115, 24 February 1932, Page 10
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.