Gunnison Valley News | 1919-12-12 | Page 6 | Gold Lost to the World

GOLD LOST TO THE WORLD Destruction of Precious Metal Practically Practi-cally Goes On Without Ceasing, Either Day or Night. Every ship that goes to the bottom takes with her a certain amount of ?old. It may be only a few pounds' worth or as in the case of the famous fa-mous Lutine a million may be lost in a minute. Every fire that occurs means a destruction de-struction of gold, and there is never a minute, day or night, when scores of buman habitations are not burning. London alone has 2,400 fires yearly. Besides all this, there is the matcer of hoarding. In countries where banks are not found in every town, the people peo-ple who have gold hide or bury it. In many cases they die without revealing reveal-ing the hiding place. In this way Tndia alone swallows up more than c500,000 worth of gold yearly, China more than this, while Africa is at present pres-ent absorbing gold in this way at a rate of more than a million pounds a year. The money is paid as wages to Kaffir laborers at the mines, and by them carried away to their kraals, whence It never returns.