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Gold Selling / American #29930

ABC Evening News for Tuesday, Dec 31, 1974
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(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

Cordtz, Dan;
Smith, Howard K.

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