THE PRICE OF GOLD: An Indecent Question For Financiers


ASKED about the possibility of a change in the 24-year-old price of gold, Britain's Prime Minister Harold Macmillan last week replied: "That is one of those questions it is even indecent to ask and still more improper to answer." Nevertheless, the question is rapidly becoming topic A in the world's financial capitals, and gold itself booms as a major new weapon in the trade war between East and West. The economic possibilities produced a speculative fever that is sweeping markets in London, Toronto and New York City, pushing many gold shares to new highs.

Part of the sudden...

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