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Show It's Also Good for Teeth Ounce of Pure 'Insect Powder' Costs $35-Legal Price A good many citizens find 100 ounces of gold dust a little heavy to cart around and, for that matter, mat-ter, a little costly to buy. So soms firms have begun to put up bisect powder In smaller packagea These cost more per ounce than the large, economy aise. The law specifically says that It also is legal for a citixen to buy and sell gold medals. And, boy! The medal business Is booming. A Los Angeles outfit haa been advertising in ths ft- nancial papers golden religious medals which, the firm points out happen to weigh exactly one ounce. A New Yorker is reported to be selling pocket lucky pieces of solid gold which also weigh an ounce. Art Worth Cash These cost a good deal more than $33, on account of the fancy carving. The art la worth something. some-thing. If it weren't there, and the gold was in the form of plsin slugs, It would be against the law. A fellow with a suitcase of Insect In-sect powder and a packet full of medals could turn a pretty profit almost anywhere else In the world. The trouble la It's sgalnst the law to carry same outside the country. This, if you ask me, la all very eon fusing, but I like to write about gold. Nobody else understands under-stands it either. It is one subject sub-ject I can discuss without feeling feel-ing any dumber than the haw! experts. Copyright 1949, United Features Syndicate By Frederick C Othmaa WASHINGTON All the gold I own la stashed solidly in three of my back teeth. I have a watch but it makes a green streak which I've got to wash off my wrist nightly, so I guess It doesn't count President Truman la In the same Utigilded boat Hla gold hoard con si its of 14-carat frames for two pairs of eyeglasses. eye-glasses. So when he says that so long aa he is president he doesn't Intend In-tend to raise the price of gold above 135 per ounce, It doesn't mean much to him, person ally. Or me, either. I've still got my teeth; he haa hla spectacles. Some other fellows sre not so fortunate. . ' They're the babies who hsve paid up to 155 aa ounce for what is known In the trade ea salt dust insect powder, tin, chink, brass and dibs. Namaly, freshly mined gold. This Is the only kind of gold, sside from medals (well get around to these in a minute), which is legal for an American eitlsea to buy snd sell. Ne Blbbeae So a ' number of financial houses have been buying up gold duet I prefer to call it Insect powder and packing It like bath salts, except for the ribbon. In transparent plestle jars. These jugs, each containing exactly 100 ounces of Insect powder adulterated with 15 per cent of copper or other dross, they have nut on the market at well ever the official price. At the moment a 100-ounce canister of genuine gold, suitable for a. Christmas gift or even for bury-mr bury-mr under the geranium bed, sells for a shade under 34000. No Jewelry tax. either. There seems to be a steady flow of Alaska. California, and Colorado Insect powder Into the marts ef trade, but nobody will say exactly bow much gold Is canned by eitlsens In their own, personal Fort Knoxes. Probably nobody knows. Brisk Trade Some brokers now carry on a medium-brisk trade In Insect powder futures. A fellow can buy a bottle of gold and then sell It either at a profit or a toes, without ever seeing It A witness brought a transparent transpar-ent package of gold dust to the senate banking committee the other day to show Uie lawgivers what the merchandise looked Uka. He walked off without his tug. . He rushed back breathless half aa hour later. He seemed . surprised to find his Insect powder pow-der still on the mahogany table. |