Gold - GBP100,000 of it - was transferred under heavy guard, Dec. 1, from strong rooms in Hatton Gardens, London, to the Savoy Hotel, London, and put on display for the press of the world to see.
SV. INT.. guards stand by as officials open strong room door
MV. Trolley with GBP100,000 gold bars pulled
MV.PAN Gold trolley is wheeled through work shop
CU. Security guards
MV?. Trolley wheeled bac to truck
CV. Security guard
MV. Gold bars loaded onto truck
CU. Gold bars lifted, PAN to placed in truck
CU. Checker's hands
CU. Gold bars stacked
MV. Loading continues
MV. Bars moved inside truck - stutters and tailboard closed
CU. Lock secured
GV. INT.. Savoy Hotel, with Jan Krajewski in background- people at tables in Foreground
CV. Jan Krajewski addresses meeting
MV. Guard places gold brick on table
CU. Member of audience looks and handles brick
CV. Woman member of audience handles another brick
MV. Jan Krajewski addresses audience with papers in one in one hand and gold brick in other
CU. Above brick and paper
MV. Woman looks at gold brick with male companion
CU. Gold brick, PAN to display of different units
CV. Another angle of display
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Background: Gold - GBP100,000 of it - was transferred under heavy guard, Dec. 1, from strong rooms in Hatton Gardens, London, to the Savoy Hotel, London, and put on display for the press of the world to see. Behind this fabulous consignment of 28-1b gold bars - each worth GBP5,000 - lies a new enterprise. The International Gold Corporation, Ltd. of Johannesburg, South Africa, is introducing a scheme enabling people to bury gold by purchasing certificates (bearer bonds).
The plan is to make it possible for the investor - whether large or small - to buy gold in the simplest way. Purchaser of a bond becomes the owner of a quantity of gold - stored for him free of charge. The bond is fully negotiable in all countries where the regulations permit. As an investment alone, the purchase of gold - a non-depreciative asset - is attractive.
Managing director of I.G.C, Jan Krajewski, outline the scheme to reporters. Political and economic restrictions, he said, did not create confidence. For the sake of the ordinary man in the street there should be a form of absolute and international internationally accepted currency. "It must be possible for it, however, to be dealt in small units so that every citizen can buy it." Lowest unit obtainable: GBP20. He pointed out that it was not possible to trade gold in the Sterling Area, "but this position may change within the next few months when we hope Sterling will become fully convertible."
Standard Bank of So. Africa will bank the gold and guarantee the availability of gold to the owner of bearer bonds - holding the gold under their control in London.
Since 1931, when Britain left the Gold Standard, no equivalent form of bearer bonds, backed 100 percent by gold, and internationally negotiable, have been available.