Search

The article reports on the proposal of the Special Drawing Right (SDR) by the International Monetary Fund (IMF) in 1967 to boost the world's monetary reserves. It states that the SDR is a new kind of reserve asset which possessed both the characteristics of a money and a credit. It notes that the enforcement of SDR will also ease the traditional dependence of some countries on gold. However, it mentions that it is not certain yet whether all countries will agree on the new asset.

The author conveys his concerns about the production and consumption stage of gold around the world. Topics include gold in the Federal Reserve vault in Manhattan, New York, the emergence of gold searching and hoarding, and the Lydians aboriginal group during 600 B.C. as the first who used gold as currency rather than mere decoration.

The article discusses the importance for the government to develop a new policy on gold to address the risks in the foreign exchange reserve in India. It explores the factors that make gold an attractive investment due to its consistent high rate of return and the appreciation of its value during inflation. It also mentions the large stock of idle gold in the country, which calls the government to adopt alternate solution that will integrate them for productive use in the economy.

This article predicts the development of an executive order concerning the stability of the price of international gold reserves in the U.S. in the late 1990s. The economic order is significant to the fiscal crises in the nation. This idea was in line with the risk of dollar devaluation in the near future which was caused by its increasing national debts. In addition, the predicted executive order is important to the efforts of the administration of President Bill Clinton to refinance the debt of $5 trillion at 3 percent of the country.

Comments on key issues relevant to how and why American gold reserves were shifted from United States vaults to compartments assigned to various foreign countries at the Federal Reserve Bank in New York. Gold reserves in the country; Economic and financial indicators of having gold reserves; Policies on gold reserves.

The author asserts that the U.S. Congress should take legislative action to change the 25 percent gold reserve requirement. According to the author, some change need to be done to ensure that credit is available in a growing domestic economy. He argues that lowering the required reserves is a must to relieve doubts that the U.S. gold supply stands behind the dollar. He claims that the 25 percent requirement ties up too much of the nation's gold reserves at a time when reserves are shrinking.

The author states that U.S. President Lyndon B. Johnson is expected to ask the U.S. Congress to remove or reduce the legal requirement of maintaining a 25 percent gold reserve against commercial bank deposits with Federal Reserve banks. According to the author, it is the right move to make. He argues that the requirements are outdated and they freeze about 13.4 billion dollars of the country's gold reserves and limit the available reserves needed to meet foreign claims against the U.S. dollar.

The article focuses on a Treasury regulation amendment prohibiting U.S. citizens and residents from buying or holding gold bullion, coin (except for collectors' items), or gold certificates abroad, cited to have possibly no huge impact on the dollar's strength. Announced in January 1961, it discusses the statement's intention to reduce the continued reflux of gold from U.S. shores that has lessened reserves to 17.5 billion dollars, their lowest point since 1939.

The article discusses the issues surrounding the proposal of Henry Clay Alexander, chairman of New York's Morgan Guaranty Trust Co., to boost U.S. gold reserves. During the Investment Bankers Association of America's annual convention, Alexander suggested that the country was actually far more acutely squeezed for gold than its huge stockpile suggested. He added that two thirds of it is completely useless in the settlement of international accounts.

The article reports that the Union of South Africa has drastically cut its imports as it has run out of dollars, gold, and sterling reserves. Accordingly, South Africa (SA) has banned the nonessential raw materials and capital goods and all other consumer goods aside from the those that maintain public health. It adds that SA's gold holdings has taken a nose dive and the trade deficit has been covered by private capital.

The article presents information on the problems of the treasury. The new Secretary for treasury has taken office. The article reports that the deficit had drawn on the gold reserve against the legal tenders and on the other, no lawful means except loans existed for obtaining funds to restore that reserve. The result was that the government had to borrow gold explicitly, with the further consequences that discrimination between the different forms of currency constantly prevailed and that public attention was converged on the danger of a lapse to the silver standard.

Focuses on the economic conditions in Argentine under the Presidency of Irigoyen. Fact that he had good vote-getting lieutenants and that nothing succeeds like success; Support of the Conservatives and the propertied classes; Impact of the decision by the President to close the Conversion Office on the Argentine currency; Absence of the necessary financial machinery in Argentina to use its gold reserve; Proclamation by many that Irigoyen's fall means the end of personal dictatorships in the Argentine.

The article reports on the decline in the U.S. gold reserves in Fort Knox, Kentucky in 1962. It explains that the decline was a result from the fact that the nation spends and lends more abroad than it earns there. In response, the Treasury and the Defense Departments are pressuring allies to buy more of their military hardware in the U.S.

Presents information on the economic danger faced by the Global economy on account of the monetary supply of gold held back by the U.S. Loss of confidence in the gold value of the dollar; Information on the gold reserve of the U.S.; Holdings of foreign banks in the U.S.; Impact of the international shipment of gold on the balance of payments; Refusal by banks to lend money even on normally good business risks; Measures to be adopted to improve the flow of money.

The article focuses on the gold buying splurge in the U.S. A legislation was passed by the House which makes the entire gold reserve available for sales to foreigners by removing the requirement that part of the gold be earmarked as backing for currency. Meanwhile, bankers such as George S. Moore of the First National City Bank have started talking about the possibility of an increase in the gold price. The fear that the Vietnam war is about to escalate is one factor behind the buying splurge.

Presents charts that provide statistics on United States Government reserve assets, liabilities to foreigners and its international financial position.

The article reports that demand for gold has reached a three-year high, according to the World Gold Council, after the massive purchase of gold made by several central banks to build their gold reserves. Topics covered include amount of gold acquired by nations, including Russia and China in the first six months of 2019, factors driving the move of central banks to add to their gold reserves such as economic slowdown and geopolitical tensions and growth in gold exchange-traded fund holdings.

The article offers information on a survey of central banks conducted by the World Gold Council and YouGov, that revealed that expectation of rise in global holdings amid concerns about risks in other reserve assets. It mentions rise in global holdings in Nations like Russia, China, and Poland as economic growth slows, trade and geopolitical tensions rise, and authorities seek to diversify away from the dollar.

The article reports that the People's Bank of China increased its gold reserves in June 2019. Topics discussed include the increasing interest of central banks in gold due to economic deceleration and increasing geopolitical conflict, the recorded increase in the global demand for gold, and remarks from economist Howie Lee regarding the ownership of gold reserves by China.

Reports on the slip in precious-metals markets. Information on the rise of spot price of gold in 1993; Risks associated with the gold market; Details regarding the consumption of gold in China in 1992; Violent price swings in gold mining stocks; Expectations of analysts regarding prices of gold by the end of 1994; Information on the demand of gold in Far Eastern countries.

The article focuses on the plan of the International Monetary Fund (IMF) to stabilize money markets through a reserve asset backed by gold. The reserve asset could not be blocked or depreciated by any single government and IMF interim committee president Filippo Maria Pandolfi will promote the concept worldwide. The IMF will try to convince Arab countries to adopt the concept.

The article focuses on the hidden assets of Handy & Harman company which have attracted several investors in New York. According to the author, several investors are interested in Handy & Harman due to a large amount of gold, silver and platinum that are carried on the company's balance sheet at prices at least 50 percent below market.

Presents the author's views regarding the significance of improving gold standards in boosting the industry that may ultimately lead to the economic success of the U.S. Analysis of the economic policy of President Franklin D. Roosevelt concerning gold reserves and guarantee; Reference of the Supreme Court case "Perry v. United States" concerning the unconstitutionality of governmental policy to abrogate the gold guarantee of government bonds; Information about the overvaluation of the dollar over the last few years; Discussion of the significance of gold reserves in economic recovery for any country.

Examines the feasibility of proposed replacement of mined gold reserves by international gold producers. Opinion of gold producers on the proposal; Implications of the move for international economy; Summaries of the reserve positions of major gold miners and their planned exploration activities and spending for 2005.

This article presents a table that shows the ratio of gold to currency notes in the principal countries of the world. It may be noted in this connection that since 1914 world paper currency has increased 600 percent, and the gold reserve only 40 percent, while the world national debts have grown from 40 billion to 260 billion since 1914. The face value of the paper currency of thirty leading countries was 7,250 million in 1914, 40,000 million in November 1918 and 50,000 million in December 1919. The Gold Reserve in the U.S. was 1,023 million in 1914 and 2,107 million in December 1919.

The article reports on the continuing decline of U.S. gold stock amounting to 1.1 billion dollars in 1959 while Great Britain prefers to hold a substantial portion of reserves in gold instead of foreign exchange.

The article reports that due to huge gold reserves and strong sentiments against devaluation, the French franc was sustained during the political crisis in France. The general public and a majority in the Chamber of Deputies are opposing devaluation. Internal prices fell drastically in the last few months so that they are currently barely 10 percent above British prices.

The article discusses the request by the U.S. Congress to end the requirement that the country hold a gold reserve equal to 25% of its currency. The proposal is intended to ensure that the total U.S. gold stock will be able to support the dollar in international transactions. Prompt action on the gold cover was needed since the gold stock has dropped by 1 billion U.S. dollars. According to Treasury Secretary Henry Fowler, a currency increase would absorb 500 million U.S. dollars annually.

The article provides information on the Exchange Stabilization Fund (ESF), a Treasury fund created to make stable the exchange value of the dollar of the U.S According to the author, ESF will be solely operated by the Secretary, and is formed in agreement with Chapter 6, section 10 of the Gold Reserve Act of January 30, 1934. Other information related to ESF are also mentioned.

Uganda is a landlocked country in East Africa. The country offers mining opportunities for tin, tungsten, tantalite, copper, cobalt, beryllium, zinc, lead, iron ore and gold. [ABSTRACT FROM AUTHOR]

Eritrea is a country in the Horn of Africa, bordering Sudan, Ethiopia and Djbouti. Its key metals interests are copper, zinc and gold. [ABSTRACT FROM AUTHOR]

Burkina Faso is a landlocked country in West Africa, neighbouring Côte d'Ivoire, Mali, Niger, Benin, Togo and Ghana. Its key metals interests include gold, zinc and manganese. [ABSTRACT FROM AUTHOR]

Ghana is a West African country on the Gulf of Guinea, with neighbours including Côte d'Ivoire, Burkina Faso and Togo. Its key metals interests include gold and aluminium. [ABSTRACT FROM AUTHOR]

Focuses on the decline of gold reserve in the U.S. and position of American dollar. Information that foreign central banks turn in their dollar claims and withdraw gold periodically; Overview of reasons responsible for an imbalance in international payments of the country; Donations under various forms of virtually unaudited foreign aid; Amount by which foreign holders have increased their holdings of U.S. securities; Indication that foreign dollar claims have flooded into the U.S. securities market.

Analyses the effect on American gold reserves of a stabilizing political situation in Berlin, Germany. Report that at its recent meeting in Vienna the world's biggest money pool, the International Monetary Fund, sought to expand its lending powers; Information on the sources of money needed for the expansion; Comment on the rise in the gold stock of the U.S.; Factors which caused the stabilization of American dollar; Opinion that the Berlin crisis, with its aggravation of international relations, seems to exert a similar influence on the international monetary situation; Comment that reason for precarious weakness of the dollar is found in the monetary and economic policies of the U.S. government.

The article reports that Russia's gold reserves have declined by about 0.37 metric ton to 1,015.1 tons in September 2013, according to the International Monetary Fund (IMF).

Presents a chart depicting the reserve assets in the U.S. from 2000 to 2005.