Mining Output May Outstrip South Africa as Stocks Reach U.S.$7,000,000,000 Peak San Francisco, July 15, HILE the United States has been building up an idle and inactive gold reserve of $12,000,000,000, Soviet Russia has established for herself through intensive gold mining an active reserve of $7,000,000,000, according to information secured by the Institute of Pacific Relations.
As a result of the enormous increase in her gold production, Soviet Russia is consolidating her world economic position to a remarkable degree, according to the survey, Amongst some of the results ac~ erning from her intensive gold mining, the Institute has received reports of large gold shipments by the Soviets to England which would indicate that the Soviels now consider their gold supply sufficient to enable them to use in building up reserves in foreign
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