09 October 2009

Nothing Gold Can Stay

On this day in 1947, the R.M.S. Queen Mary docked in New York with $40 million in gold to be deposited in the Federal Reserve Bank. The bullion, withdrawn by the British government, came from the Bank of England which was cashing in its reserves to pay off war debts. The Queen Elizabeth had delivered the same amount the previous week.
Source:
The Milwaukee Sentinel

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