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The Flow of Gold from the USA and France. Bullion in Kegs. I

The Flow of Gold from the USA and France. Bullion in Kegs. I


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The Flow of Gold from the USA and France. Bullion in Kegs. I

Photograph of gold ingots being tested in the metallurgical laboratory of the bank of France

Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries

Media ID 4391289

© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10219555

1931 Bank Bullion Flow Ingots Kegs Laboratory Metallurgical Tested


EDITORS COMMENTS
This evocative photograph captures a significant moment in the economic history of the United States and France, as gold bullion flows between the two nations. Dated December 7, 1931, the image shows gold ingots being meticulously tested in the Metallurgical Laboratory of the Banque de France. The gold, imported from the USA, is carefully inspected to ensure its purity and authenticity before being accepted and stored by the French central bank. The photograph is a poignant reminder of the gold standard era, when countries held vast reserves of gold to back their currencies. The image of gold in kegs being transported and tested underscores the importance of this precious metal as a global currency and a symbol of economic power. The year 1931 was a pivotal moment in monetary history, as the United States, the world's largest gold holder, went off the gold standard, leading to a wave of currency devaluations and economic instability. This photograph, taken just a few months before the US abandonment of the gold standard, offers a glimpse into a bygone era of international monetary relations. The Metallurgical Laboratory of the Banque de France played a crucial role in the testing and verification of gold imports, ensuring the integrity of France's gold reserves. The laboratory's expertise and rigorous testing procedures were essential in maintaining the confidence of the French people and the international community in the French currency. This photograph, with its historical significance and intriguing subject matter, is a fascinating window into the past, offering insights into the importance of gold in international economic relations and the role of central banks in maintaining monetary stability.

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