Show '''- 4 4 ' -: pi -4 v Glitter The re's More to Gold Than Mere t0 1' I ! e to 4 By Gold been a 4 0 0 r Associated Press throughout history s has '6 mankind a 1 but basically gold is a media nism for measuring payment of goods and services It is a glittering malleable ex- 1 r : s r o servant of and a mys- tyrant tery Why is it so important? The answers are complex r4 s useful eeeded not because of gold but because economically strong nations had adopted it The classical era ended with World War I when banks could not redeem paper 'for gold Later America restored the gold standard though others were slower to recover t '91 Since : - wo gold coins and restricted use of gold to jewelry and industry It raised the price from $2067 to $3508 an ounce which remalns the price today The Americans domestically were off the gold standard But internationally gold still backed the US dollar tt14 Elizabeth 4 r-1- - ) L(- t:1)11 "t dr ' heralded : Gold t Standard Constitution was being framed each state : had its own currency The Constitution reserved to Congress the power to coin and regulate money Gold and sil ver became the standard But : the real beginning Of the gold : standard's classical era was thm Thursday nightly 7:30 and 9:00 pm Friday and Saturday four shows 7:00 8:30 A'i 10:00 and 11:30 pm No increase la prices44' 40 ' -- after 1878 when the United : States turned away from rell ance on silver and greenbacks :: became fully redeemable in standard The gold gold IMA- b r U - ---- :: VI (1- iti ARON-- 4 -- 7 i141 4 141 44:( 0 4 0 5 t i ' r ‘4 '7e—0 '''' fi) ': k- 11 ) ' : ' i ) I Li:J i ( P 4 k J -- " - 4 t i (! ri 'A 1 ' ) - r 77 '''' I I— - : 1 ' ' 'ma 1 1111' 4 ' In rll Lz' L' 'l tr-'1- 1 ' (() ' i : tl r'''''11 pi ' 11 r--- 11 11" Li' LZ N1 ht re-- I V LI --4-i i :7J ) 1 4:() ( 11 '''''''1 ) 4 tilaJl'a- Ir' r7711 ( r'41 er41 1 id NJ ''1- t11 L 141 pr irv FIN 11 J- rr-- 1:—alis:'1 NJ ti L- r -— : - - ‘ ---- - i:!:'!:--i-i-::::::!::-- eil :zzawsaunisamumszinadomatra i N $469'1 ' xl 1 de"f" 9 17-- fft N s ' 't HIM II 1 W1 v7 i ' ' ' t -- 0 fr i' Irl — ( ' i -- 7'::(77 ' u Q:7 t - ii t 01 rz rj - ' c t) Li -- ' 4 ir: r1 L i '11 TI- ( d (ji t)' 0 t- - : te--1- '''---- rl T — Lai '''' 1- :j -- 1 J ' 77'' ' 1 LL3 ' :7 1 k ' k r F ifl -- L--- 173 ra t :':211 -- kL' '' -- 7 ir7 1t la C J 71 ' t ( a' 1-' 1 ' fkS77 !' z 14 viia r---- :(7-:-! 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VHFUHF tuning for stro TV snloyI mons Mix SPIHIA07 ''' s:js-1-c-- ' v 11!1: goortl picture tube offers 1 9 PM- 6:: :!0-'1PV- )J ' 11 WESTINGHOUSE -- I--'-'-'- r ---110k tAlul-C- O 'iir !NA 91)7 itjg 1 -- ' i PORTABLE TV OPEN SATURDAY 9 ACALL - ):- Attachob ) qt 1 A - '?''V Fabulous - - eRr"'O er-re- e I r1T4'e 4 :it: 1 Exotic Food 2920 Highland Drive - 01'00"'r e- -- " ( i --- night look' 1 Stoot UNTIL - "'' t- - MONTHRti OPEN - - -- - I RADIO Solid State stereo — no tulles — with FMAM radio and FM sound systoma four-sp- d stem custcom mord designed automatic changor lick Spanish pecan and solected hardwood Immo solids Model SG5ISP11 i:t bill pewee POkAta leateenotie - New I ! TABLE 17474!' Ih atiV7rainti 0:-I- sue Ne4- 46 101' Cr 4eFAtv -- ' DRUM Live South Sea Island entertainment Monday When the US - Spanish Style real thing Through next Wednesday only when yol:1 try Johndy's famous "Zombi" only a dollar the Zombi mug is yours free compliments of Johnny and mystens Elegant 4' k fire-wate- the de- notes of I v (a A - I I 7'-''- - Johnny Quong's exotic drinks are out of this world! Non acohol ic fresh fruit blend each a perfect compliment to Johnny's exquisite food they sound a little wicked but don't you like to live dangerously once in a while? For those who want to add r their own a touch of rum turns it into the bb bowel - iA04-makes the dead walk and talk The walking dead ' This '' -- Is weft' peek teed 4 i France — auc Dj ' 7 tweed shotiptc Wolnot INMOOMeenlity eeleved le rogovine her& treed veeeees end mimic teede4 1021 WA? - I parties All Solid Pete melte Melees -I Sle tWilee It:- - "1 I CONSOLE STEREO ZOMBI MUG After Charles seized the in 1640 merchants gold sought safer ways They turned th goldsmiths who became private bankers by ':: lending deposits against promises to pay and issuing 4 orders to pay money to third “61!11“vg ha 04 4: a nation When vi t to) High Fidelity :041 $ ri ' 'Jerti °X 0 for example — suddenly demands an unusual amount of gold for dollar holdings it can create doubts about the future of the gold price and even about the future of the dollar itself When Britain devalued the pound it added to the worlds monetary prob lems by shaking confidence in one of the main world trading currencies relations monetary Federal Reserve banks must have 25 cents in gold certificates for each dollar of banknotes and deposits of member banks to insure that the Federal Reserve banks have enough gold to meet demands for conversion of notes and deposits a 1967 - Q) - 41 -- i in chaos creating world '25 t per m D r 7 w velopment checks Ces t &amuse les - -2 -- - :-3 (-7- of Tribune Saturday November 1 s ' money-changer- : Annual production has amounted to only about 40 — million about ounces worth — $1300000000 recent years almost three quarters oç it from South Africa The Russians have consul fear 1 'Y) ::: The gold standard dates to time of Elizabeth I of : England Use of gold and sil ver coins led to the rise of the s the forerunners of banks Elizabeth called in all debased coins : issued by former rulers and issued new ones of uniform weight and quality and thereafter Europe's coinage progressed steadily Britain's : merchants developed the cus- tom of depositing gold in the : Tower of London for safekeep : system? u2 : the : bal- upset monetary ances and brought crises The United States called in all deep-roote- 4 during and after WofId War II gold flowed into US coffers for dollars needed to defend and then to rebuild battered Eumpe Gold stocks reached a peak in the United States of 24 billion dollars in 1919 The level remained high until 1957 Then Europe was prosperous and gold began to flow swiftly in the other direction as nations converted dollar holdings into gold Whenever there are rumors about the strength and stabiliof the world's leading currencies — such as the British pound — there is likely to be a wave of gold speculation threatening the whole system In order to prevent the US from dwindling stockpile great depression of the The 1930s world to support the monetary Washington must take such steps as selling more goods abroad cutting down on foreign expenses and Investments and on US tourist trade abroad US military expenses abroad too swallow up much gold Is there enough gold In the US to happened gold ? At first Backs Dollar Still tremely heavy yellow metal Isliose use as' money dates back centuries before the Christian era It was ideal because it could be chopped into small amounts identical in size and value Respect for it was ancient and d Fabled empires used it as a medium of exchange as men becoming more sophisticated found that bartering cows and goats was an unsatisfactory way of carrying on trade What 13 the gold standard? 4 'ss : What lake The Salt but erable gold resources their production Is a guess Soviet gold is important as a source of supply for example when the Russians are obliged to buy needed goods abroad Why does the United States buy and sell gold at $3508 an ounce? Washington resists pressure to raise the price of gold for fear of leaving friendly nations the bag fear of lowering confidence in the dollar and t 'P 1 ' 1 1 4- -1 'LLL A ILi 1 ' ' Convenient - Terms p '' ''!277 - N t () Nwai or P ' 77111!r" - 57n 1Th v :71' ' Ci7 7171-- - - - ' ' " ' '17:7:7M1' - Art711!:"77T—r777rIvolkNme-011''''-- - |