There is a third course—payment out of our gold reserve, but that need only be stated to be discarded.
What steps do you take to increase your gold reserve or to protect it?
The gold reserve is a sum of money set aside for the purpose of redeeming the old "greenbacks" or United States notes.
It exhibited in red ink the vault that held the gold reserve.
But there need be no fear that the gold reserve would ever become depleted.
Under the law, the Federal Reserve banks are supposed to hold a gold reserve of 40% to secure our currency.
The Government is required to carry a gold reserve of 10 per cent.
The Soviet Union attaches great importance to its gold reserve.
The government has established a new artificial par at a little more than this sum, and has begun accumulating a gold reserve.
Our gold reserve has again reached such a stage of diminution as to require its speedy reenforcement.