• Short Summary

    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.

  • Description

    1.
    SV. INT.. guards stand by as officials open strong room door
    0.11

    2.
    MV. Trolley with GBP100,000 gold bars pulled
    0.15

    3.
    MV.PAN Gold trolley is wheeled through work shop
    0.25

    4.
    CU. Security guards
    0.28

    5.
    MV?. Trolley wheeled bac to truck
    0.32

    6.
    CV. Security guard
    0.34

    7.
    MV. Gold bars loaded onto truck
    0.40

    8.
    CU. Gold bars lifted, PAN to placed in truck
    0.47

    9.
    CU. Checker's hands
    0.51

    10.
    CU. Gold bars stacked
    0.57

    11.
    MV. Loading continues
    1.00

    12.
    CU. Guard
    1.03

    13.
    MV. Bars moved inside truck - stutters and tailboard closed
    1.13

    14.
    CU. Lock secured
    1.21

    15.
    GV. INT.. Savoy Hotel, with Jan Krajewski in background- people at tables in Foreground
    1.23

    16.
    CV. Jan Krajewski addresses meeting
    1.28

    17.
    MV. Guard places gold brick on table
    1.34

    18.
    CU. Member of audience looks and handles brick
    1.41

    19.
    CV. Woman member of audience handles another brick
    1.46

    20.
    MV. Jan Krajewski addresses audience with papers in one in one hand and gold brick in other
    1.52

    21.
    CU. Above brick and paper
    1.55

    22.
    MV. Woman looks at gold brick with male companion
    2.01

    23.
    CU. Gold brick, PAN to display of different units
    2.05

    24.
    CV. Another angle of display
    2.09



    Initials ANH/V/JF/ES



    Script is copyright Reuters Limited. All rights reserved

    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.

  • Tags

  • Data

    Film ID:
    VLVA2OZ912NWDYGXYP51Y9WN7Y1LQ
    Media URN:
    VLVA2OZ912NWDYGXYP51Y9WN7Y1LQ
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/12/1959
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:09:00
    Time in/Out:
    /
    Canister:
    N/A

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