GOLD PURCHASE
BY MINT AT MELBOURNE.
OVER £1,800,000 LAST YEAR
I Australian Press Association.)
MELBOURNE, January 13
Gold purchased by the Royal Mint (Melbourne) in 1932 was double the amount received in 1931.
It consisted of a large amount of old jewellery • and newly-won gold from various parts of Australia, as well as a number of articles which had come direct from jewellers’ shops and had never been sold to the public, the jewellers finding it more profitable to dispose of these articles than to hold them in their shops awaiting a probable buyer.
The total amount of gold purchased last year was approximately 439,634 ounces, valued at £1,953,763, compared with 217,405 ounces, valued at £702,348, bought by the Mint in 1931. Last March the Mint bought as much as 12,000 ounces gross of old jewellery, in p week, but now the sales are steady at 3000 ounces a week. All the gold bought has been reduced to fin© gold, and most of it has been shipped overseas by the Commonwealth Bank.
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Hokitika Guardian, 16 January 1933, Page 4
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172GOLD PURCHASE Hokitika Guardian, 16 January 1933, Page 4
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