NBC Evening News for Thursday, Nov 02, 1978
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(Studio) Report on status of gold and paper as money.
REPORTER: David Brinkley
(London, England) Gold coins shown; scarcity of gold noted; conversion of over 60% of world gold supply to jewelry stated. [Cartier spokesperson Len HIGHFIELD - doesn't consider gold as investment.] Decline in gold price as result of President Carter's monetary policy announcement noted; determination of daily gold price at London Rothschild Bank explained. [Gold dealer Jack SPALL - explains attractions of gold to buyers.] US government efforts to persuade people gold not substitute for paper money noted.
REPORTER: Garrick Utley
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