Russian gold

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

as Soviet gold which has been smelted at the Swedish Mint or given in payment for Soviet gold sold to that institution. Because of the amicable relations between the United States and Sweden, Assistant Secretary of the Treasury S. Parker Gilbert, Jr., and Director of the Mint Raymond T. Baker have ruled that the Assay Office may not refuse to purchase this gold. Very recently some doubt as to the origin of gold being sent here by British and French interests has been raised and the Assay officials are puzzled as to whether they are complying with the ruling against receiving Soviet gold. The practice in both countries is to have the metal assayed and run into bars by private assayers who do not work exclusively for their Government or for the Banks of England and France. Thus, it is pointed out, it might be pos- sible for some Europeans to get Russian gold into England and France, have it turned into bars by the same agencies which work for the Governments and then transfer it here and sell it. There are only three Government mints, outside of the United States, which put distinctive markings on gold bars. These are the Swedish Mint, the Canadian Mint at Ottawa and the British Indian Mint at Bombay. All other Governments use unmarked bars, some of them using special forms, but most of them using conven- tional forms. Under these circumstances, with private assayers doing a majority of the work, the chances of converting Soviet gold into the ordinary commercial form are considered great. The affidavit which the Assay Office uses in cases of suspicious offerings is considered very comprehensive. Tt reads. in part, as follows * “The undersigned owner of a lot of gold in the amount of. . . for the purpose of inducing the United States to purchase said gold, delivered to the United States Assav Office, does hereby represent and warrant that said gold is not of Bolshevist origin and has never been ‘in the pos- session of the so-called Bolshevist Government of Russia. “The undersigned further represents that it is acting on its own behalf and not for account of another in of- fering said gold for sale in the United States and does forever warrant to the United States, without any qualifi- cations or reservation whatever, the title to said gold.” Authorities here are of the opinion that if it is made neces- sary to append this affidavit to all gold offered to the Assay Office, very little of the metal will be brought here unless the Government of foreign countries can guarantee the character and origin of the gold. Even in such cases there might be difficulty in getting Amer-

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