• Short Summary

    FRANCE'S FRENZIED GOLD RUSH SENT THE TURNOVER OF THE PARIS BULLION MARKET SOARING TO ABOUT 31 MILLION FRANCS (GBP2,630,000 STERLING AT THE NEW RATE) TODAY (THURSDAY) AS HUGE PURCHASES OF GOLD CONTINUED.

  • Description

    FRANCE'S FRENZIED GOLD RUSH SENT THE TURNOVER OF THE PARIS BULLION MARKET SOARING TO ABOUT 31 MILLION FRANCS (GBP2,630,000 STERLING AT THE NEW RATE) TODAY (THURSDAY) AS HUGE PURCHASES OF GOLD CONTINUED.

    THIS ALMOST DOUBLED YESTERDAY'S (WEDNESDAY'S) FIGURE OF 17 MILLION FRANCS (ABOUT GBP1,440,000 STERLING). LONDON AND ZURICH REPORTED SIMILAR HEAVY PURCHASES FOR THE SECOND DAY FOLLOWING BRITAIN'S 14.3 PERCENT DEVALUATION OF STERLING LAST SATURDAY (18 NOV).

    FINANCIAL EXPERTS SEE THE BIG GOLD RUSH AS PART OF A WIDESPREAD SUSPICION OF PAPER MONEY, INCLUDING THE UNITED STATES DOLLAR.

    IN LONDON WHERE THE OFFICIAL PRICE IS FIXED EVERY MORNING THE DEMAND FOR GOLD WAS FULLY MET AND THE PRICE STAYED THE SAME.

    MR. MOCATTA, THE HEAD OF A LONDON BULLION FIRM WAS QUESTIONED ABOUT THE TRADING.

  • Tags

  • Data

    Film ID:
    VLVAEC3HNT713BXSRGV4S8Y7W5BUR
    Media URN:
    VLVAEC3HNT713BXSRGV4S8Y7W5BUR
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    23/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:36:00
    Time in/Out:
    /
    Canister:
    N/A

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