Business & Finance: Gold Hunt

There are more ways than one of hunting gold. Last week the U. S. Government, already holding $4,300,000,000 worth of gold, was trying to get more by ferreting out private gold hoards.* So that private holders could not profitably dispose of their gold elsewhere the Government was still paying only 20.67 (now depreciated) dollars for an ounce of gold. Hence U. S. gold miners have ceased bringing their output to the mints, but the Government still has to release some gold for industrial use (gold teeth, gold leaf, etc.). Net result of the U....

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