United States Gold in International Relations

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

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 ...

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