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Time Is Late For Curbing Gold Rush
In New York AP report bankers and economists warn options to halt Europe’s gold rush are dwindling as European demand drives near panic buying. They urge swift surtax action and tighter Fed policy, consider lifting gold cover, and discuss ending or reforming the London gold pool to stop private market hoarding. A tax hike of 10 to 15 billion is urged to fund the move.
MENTIONED IN THIS ARTICLE
New York
U.S
Europe
London
United States
U. S
Federal Reserve Bank
Congress
Roy L. Reierson
Bankers Trust Co
Reierson
T Sepper
George W. McKinney Jr
Irving Trust Co