Word: bullion
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Contrary to this belief of the London bankers, many a continental and U. S. financier expressed the opinion that while the high rate of call money persists in New York only another rise in the English rate can halt the drainage of bullion...
...course the Old Lady's purse was not plump one morning and lean the next. Such epochal movements of gold bullion are necessarily slow. All summer airplanes have been hopping off gold-laden from England. Many winged to Germany, attracted by legitimate opportunities for high return offered in the Reich, where the discount rate of the Reichsbank stood at 7½%, a potent magnet. But even more gold planes sped to France, and that was passing strange. With the Bank of France's rate at 3½%, the zeal of that institution to acquire and hold gold bullion was regarded in London...
...based on stone and steel. For as meat is a commodity to the butcher, as money is a commodity to the banker, so stocks and bonds are commodities to the Investment Trust, and dealing in them is no more fantastic than dealing in sides of beef or bags of bullion...
...official domain, Secretary Mellon reported that the public debt had been cut by $905,883,703 in fiscal 1928. The movement of gold from the U. S. was reflected in a decline of 108.8 millions in the Treasury's bullion & coin, and a decrease of 324.3 millions in the bullion & coin held by the Treasury for the Federal Reserve Board...
...Poincare caused the franc to double in value without resorting to a foreign loan (TIME, January 3, 1927). That value has been kept stable de facto for 18 months; and now it becomes the approximate stabilized value de jure. For the present, paper francs will be exchangeable for gold bullion and only in relatively large blocs. This will be followed by a new gold coinage and soon almost every French peasant will again jingle gold in his sock. The gold bullion prelude to gold coins is well precedented since the same procedure was followed when Great Britain put the pound...