INTERNATIONAL: Whence Gold?

The pound sterling, off the gold standard, has lost more than 25% of its value on international exchange, but all the same British gold experts managed to utter last week a most complacent statistic:

Five-sevenths of all gold mined last year was dug out of the British Empire, no pauper.

As usual, His Majesty's South African dominion yielded vastly more gold than any other part of the world, 10,877,777 fine ounces (worth $224,560,439). Second was Canada with 2,693,892 fine ounces, third the U. S., fourth the U. S. S. R., fifth Mexico, sixth Australia,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!