Show Supply of Gold Colors Lives of Worlds World's W Peoples s Less It Is Used the More Yellow Metal Is Worth Economics Students Affirm CB Br UT Untied United Press Fres WASHINGTON April 21 Gold 21 Gold a metal of romance and adventure through the ages has grown in Influence influence in in- fluence until the whole World Is affected af at by changes in its value Itis It Itis Itis is the worlds world's standard of value wages prices and the cost of living in all nations are related to it in in- When Columbus discovered America Amer Amer- ica ca the total gold supply of Europe amounted mounted to less than some individual ual uni families possess today Since 1492 the world has mined in gold Last year world gold production amounted to a new high record A paradox exists in that gold rejected rejected re- re as a standard by individual nations immediately acquires a greater value The Th prestige of gold has las been advanced i instead of injured inured in in- j red by the events of the last three years when nation after nation has gone off the gold standard Hoarding of gold now prohibited in n the United States in quantities quantities' of more than has been attempted frequently in the past India at one onetime onetime time was the worlds world's greatest hoarder Although many private I have lave been given up much gold undoubtedly undoubtedly un- un still is secreted in her vaults I Since earliest times stories of gold strikes adventures of gold hunting or trading in gold have excited the imagination of men On Black Friday September 24 1869 Jay Gould and James Fisk Jr attempted to corner comer the gold market market market mar mar- ket by buying all the gold in New NewYork NewYork NewYork York The value of gold old rose steadily during the operation opera- opera ion tion tion speculators aiming to c carry rr it t from to Wild excitement prevailed but in the midst of the panic anic the United States government threw brew in gold on the mar- mar ket Gould and Fisk won before gold receded to its former value 11 The United States no longer mints the he gold dollar which as the unit of value is supposed to weigh grains and be fine Gold coins of f 5 10 and 20 are arc minted known respectively as eagles hall eagles and double eagles The eagle is referred to by workers work work- ers era at the mint as the goose goose Gold is not the most valuable of metals Metallic substances more valuable commercially Include platinum platinum num nurn uranium radium and vanadium |