Foreign News: Gold-Edged Security

The French take pride in the artistic appearance of their paper money, but the only French currency that has their unswerving faith is a little gold coin about the size of a U.S. nickel. The napoleon (named for the ruler who first issued it) has a nominal value of 20 francs, or less than a cent. On France's free money market, it brings 4,000 francs ($11.40). But the visitor to France is not likely to pick up many napoleons. The thrifty, inflation-wise French keep their gold—an estimated $5 billion worth—hidden away in socks, sugar...

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