WORLD’S GOLD
INCREASE IN PAST YEAR (United P.A.—By Telegraph — Copyright) (Australian Press Association) WASHINGTON, Monday. The Federal Reserve Board announces that the total stock of monetary gold held by the Government’s Central Bank and similar institutions throughout the world was valued at £1,895,000,000 at the end of 1927. This represented an increase of £60,000,000 for the year. The total gold stock in the United States is valued at £861,200,000. It is estimated that the increase in the monetary gold stock of foreign countries since 1924 has exceeded £155,000,000 and the decrease in the gold stock of the United States has been less than £40,000,000. The net loss of gold from the United States in March last totalled £11,200,000.
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Bibliographic details
Sun (Auckland), Volume II, Issue 331, 17 April 1928, Page 9
Word Count
118WORLD’S GOLD Sun (Auckland), Volume II, Issue 331, 17 April 1928, Page 9
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