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Faith and economy back the dollar over gold
An AP analysis argues government credibility and a strong economy underwrite the dollar more than Ft. Knox gold. It notes plans to remove the 25 percent gold backing, freeing gold for possible sales and shifting the system toward a paper money standard supported by government securities.
MENTIONED IN THIS ARTICLE
Joseph R. Coyne
Associated Press
Washington (Ap
Ft. Knox
U.S
The
Treasury de
Partment
Congress
Republican Coordinating Committee
Johnson
Free World
Switzerland
Belgium
Netherlands
South Africa
France
Federal Reserve Board
Federal Reserve