• Short Summary

    JOHANNESBURG/SOUTH AFRICA & LONDON, UNITED KINGDOM

    The price of gold fell to a record low of 450 dollars an ounce in Zurich today (September 8) after three weeks of soaring prices on bullion markets around the world.

  • Description

    SOUTH AFRICA
    1. GV TILT UP Carlton Centre in Johannesburg where gold exchange is 0.04
    2. CU Krugerrands board PULL BACK TO GV seller and buyers board 0.10
    3. CU PULL BACK Gold coins placed in plastic bags by cashier 0.18
    4. SV Man signing book and receiving coins 0.25
    5. CV Gold coins being counted and put into plastic pouches and passed to buyer (3 shots) 0.45
    6. GV PAN EXTERIOR Stilfontein gold mine 0.49
    7. SV Molten gold poured into moulds (3 shots) 1.10
    8. GV & SV Gold bar taken out of mould and cleaned (4 shots) 1.42
    LONDON U.K.
    9. SV EXTERIOR Samuel Montague gold company, Broad Street, London, world's top bullion dealers 1.46
    10. GV & SV INTERIOR Bullion dealers at work (4 shots) 2.08
    11. GV EXTERIOR London gold futures market 2.11
    12. SV PAN & SVs Inside of dealers at work (3 shots) 2.30
    InitialsAL/PM


    Script is copyright Reuters Limited. All rights reserved

    Background: JOHANNESBURG/SOUTH AFRICA & LONDON, UNITED KINGDOM

    The price of gold fell to a record low of 450 dollars an ounce in Zurich today (September 8) after three weeks of soaring prices on bullion markets around the world. The gold rush was sparked off by fears that financially troubled countries like Mexico, Argentina and Poland could cause a world banking crisis by defaulting on their massive debts. In gold trading markets like the South African Gold Coin Exchange, in Johannesburg, clients rushed to switch their investments from the money market to the safety of gold. South Africa, which produces 57 thousand ounces of gold a day, stands to make large gains in foreign exchange while the gold fever lasts. But a leading Swiss banker, Rudolf Schriber, says future gold prices will depend on how successful international monetary organisations are at dealing with the debt problem of Argentina, Poland and Mexico. He predicts gold prices will slide further to about 400 dollars in coming months. In London the price of gold settled at around 461 dollars when bullion dealers closed their doors today (September 8).

    Source: REUTERS - BILL MACCONVILLE AND LOUIS BREYTONBACH

  • Tags

  • Data

    Film ID:
    VLVA93D0AFG26MQ8T4WJAPG74JHUR
    Media URN:
    VLVA93D0AFG26MQ8T4WJAPG74JHUR
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    08/09/1982
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:31:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment