Search the Archive

Gold Selling / American #29930

ABC Evening News for Tuesday, Dec 31, 1974
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Americans allowed to buy gold bullion for 1st time since great depression. Demand low. Contracts for future gold delivery traded on commodity exchanges. Champagne party in Chicago, Illinois, begins trading. Prices down for January by $10 ounce at closing time.
REPORTER: Howard K. Smith

(NYC) New York Commodity Exchange shown. Senator James Buckley rang bell to start trading and contracts for future gold delivery. Recess called due to buy and sell rush. Things much same at New York Mercantile Exchange. Bus. slow at brokerage hses. and banks. [Chase Manhattan Bank Jerry BERKE - says bank won't sell gold because its a volatile commodity. It fluctuates wildly.] Customers shown at New York Republican National Bank. [BUYER - says bought gold for souvenir, not investment.] [2nd BUYER - says bought gold as jewelry or gift.] [3rd BUYER - says just trying to preserve it.] [4th BUYER - says gold will be true money.] Av. American not trying to buy it.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Smith, Howard K.
Duration:
00:02:50

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.