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Richard M. Boeckel, Editor
Gold as a Stake in Post-War Settlements
Possession of two-thirds of the world's monetary gold gives the United States a special stake in foreign relations, and particularly in the international settlements to come after the present war. On March 15, 1940, the United States Treasury held $18,293,374,630 of gold, and more is coming in every day. No such sum is necessary or even desirable as backing for American currency, nor could it be disposed of at anything like face value for commercial use. Its ultimate value ...