Box after ponderous box of dull gold ingots was hauled up from the vaults of the Bank of England last week, rushed across the Channel to Paris, then lowered down, down into the vaults of the Bank of France, buried so deep that above them lies a subterranean lake.

The volume of this transfer reached last week and held a daily average of $1,000,000, climaxed a steady drain upon the life blood of London's famed "Old Lady of Threadneedle Street" which has been going on for months.* To be sure the Old Lady has received transfusions of virgin gold from South...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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