The Future of Gold

Graham, Frank D.
November 1940
New Republic;11/4/40, Vol. 103 Issue 19, p619
Discusses the declining trends in the use of gold as money all over the world during the World War II. Reasons behind the elimination of gold as a medium of exchange and as a redemption material for the circulating medium; Assessment of the intrinsic value of gold in the face of the present war; Intention of Germany to buy commodities, necessary for making weapons, in exchange for gold; Role of gold in international transaction; Argument pertaining to the maintenance of gold policy in Great Britain; View that if Britain would win the present conflict, the status of gold would probably be not greatly different from what it was immediately before the hostilities began; Advantageous use of gold to preserve its present value.


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