Business & Finance: Gold Boom

Never before has the world been so thoroughly grubbed for gold. College-trained engineers zoom across the northlands looking for it. Oldtime prospectors plod the gullies of the Western States. Abandoned shafts have been reopened and assayed. Throughout the world jobless men have taken picks & pans and made off for the hills. Some of them have struck rich pay dirt. In Australia, Ecuador, the Rand, Chile, the Philippines, Mexico and Venezuela their luck has started minor gold rushes in recent months, mostly abortive.

The world's output of gold has mounted steadily. Figures published last...

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