THE WORLD'S SOLD.
I ~— «j»» s £2,000,000,000 "WORTH OF WHICH | THERE IS NO ACCOUNT. i The world's gold production has been as follows: — Up to 1887 (estimated) . . £1,189,600,000 1887 to 1919 2,037,700.000 Total £3,227,300.000 The visible gold supply at the end of 1919 amounted to £1,816,000,000. This is gold held by Governments and Statu banks. Of the total The British Empire held £222,613,174, of which £118,791,290 \las m London. : The United States held £890,930,000. of which £475,250,000 was m the Treasury and £415,680,000 m the Federal reserve hanks. F,rance held £221,117,000, and Spain £96,895,000. Thus, of the total gold produced, more than £2,000,000,000 has to be accounted for. At least a quarter of this amount, it is estimated, has disappeared altogether. Most of the remainder has gone into industry and the arts, chiefly, it is believed, for ornament purposes, India, China, and the East generally haye absorbed a great amount, but no statistics ate available.
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Bibliographic details
Poverty Bay Herald, Volume XLVII, Issue 15220, 19 May 1920, Page 5
Word Count
155THE WORLD'S SOLD. Poverty Bay Herald, Volume XLVII, Issue 15220, 19 May 1920, Page 5
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