HIGH VALUE OF GOLD.

Taihape Daily Times, 19 August 1919, Page 2

HIGH VALUE OF GOLD.

PEOPLE SISLLING JEWELLERY The old saying that. an article was wortfh its weight in gold has :lequil-cad 3 new significance now that this precious metal is more costly fl:-an ever. Gold is 115/ an ()11I1(‘i‘ at present, c.ompal.od with 84/ just before the war. It was such :1. rare eoxmnodity when its re. striations on its i1.2po1't:11'io11 and com. ntereial use were removed that fil'm.s an; stafed to h=:ve offered a premium of 25 per cent on H 5; m‘>;'l{«.*t Value in order to obtain supplies-. Many people are being ’f(‘n‘.pt:-rl by high prices to sell their gold trinkets. but this only lle‘lps to relieve the shorta.r__v'»". “We are buying gold over thn om-.::t-or all day long,” said the managing director of In. large jewellery firm. The price of jewellery is much l)"o:lv~1because of ‘the increase in the cost of raw materials and labour. “’l‘llel'e was an ovfery (lm'in_q The war nlvmf 1'(“‘-'0‘-‘.r“'5: l-WV"-"-"»' m\‘ol'(}iqlls to make them info ejwellexjv, but tliaf. was onfil'el_\' e.\:ag‘ge:':lh'v<l,. The ‘total \'.lllh‘ of gold used by the jewellers‘ did not l'.llf‘l‘. exceed £2.000.000 :1 _‘.'e-M‘. “It is notable, l]O‘\\'(‘\’(‘l‘. that ’():3op;<: are not buying jewellel'§-' rt-only as plentifully as they were :1. year ago, when there seemed to be more money in e.il'eula’rion.”