Russian gold

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Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Editorials in the American Press regarding the recent shipments of Soviet gold to the United States

Collection:: Economics Books

Imperial Bank of Russia was supposed to possess about $580,000,000 gold, for which the Government that seized it is accountable. But the adventures of that gold reserve were mysterious. “The common version is that about $350,000,000 of it was sent for safety to the Volga before the revolution and subsequently fell into the hands of the anti-Bolshevist General Kolchak, its final dis- position being disputed. A considerable part of what was left at Moscow was turned over by the Soviet to Germany, under the Treaty of Brest-Litovsk, and after the war was surrendered by Germany to France, A lawsuit based on the supposition that the Soviet ‘Government still holds the old ‘Czarist gold reserve’ would apparently have to unravel these and numerous other intricacies. “It must be remembered that the contempt of ‘bourgeois insti- tutions,” entertained and expressed by. Lenin and his disciples during the early years of the Soviet experiment, was abundantly bestowed on gold. Whether this sentiment went so far as to exclude retention of a secret governmental reserve, to be used in buying real things from the simple-minded bourgeois countries, is not so certain. It is left a matter of conjecture, also, what would have happened if the New York banks which received the $5,200,000 gold in February had been in a position to ‘guarantee title,” and if the gold had then been duly assayed by our Government and deposited in the Federal Reserve.” xa

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