Sovereigns Bring High Prices
Press Association.- - Copyright. London, Aug. 27. Sovereigns fetched 20s BAd in London yesterday, the highest price since Britain went off the gold standard. “The cause of the rise in gold,” says the city editor of the Sunday Express, “is the immense gold hoarding movement in France, where people have lost confidence in all forms of paper obligations. One of the great French industrialists is understood to hold about eight millions sterling in a London bank.” Gold yesterday was quoted at £6 9s 4d an ounce, compared with £6 6s 2d on Friday and £G 2s 4d on July 1. The price of gold before England went off the gold standard on September 21, 1931, was about £4 4s Kid.
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Bibliographic details
Stratford Evening Post, Volume II, Issue 342, 28 August 1933, Page 8
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123Sovereigns Bring High Prices Stratford Evening Post, Volume II, Issue 342, 28 August 1933, Page 8
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