Business: Gold & Silver

Since the Federal Government began paying $35 an ounce for gold last January, Treasury assay & mint offices at New York, Philadelphia, Denver, San Francisco, New Orleans and Seattle have been doing a bargain-counter business with the general public. People who paid $20.67 an oz. for the gold in their false teeth, loving cups, medals, belt buckles, mesh bags, spoons and watch chains have been cashing in this scrap to make a 75% profit. Last week the Treasury announced that from Jan. 31 to June 22 receipts of scrap gold at the mints and...

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