Sterile Gold

Last week the Allies took steps to make Germany's gold as useless as possible.

German gold, including upward of $1 billion stolen from occupied countries, pays for espionage and sabotage, electrical equipment from Switzerland, fine steel from Sweden, cork from Portugal, rare metals such as Spam's wolfram (see p. 17). It could also buy a haven for Nazi bigwigs when & if they try to flee from defeated Germany. To stop such traffic, the Allies have done what they could to make Nazi gold not only worthless but an actual liability to those who deal in it. Announced the U.S. Treasury:

>The U.S.. Great Britain and Russia henceforth will purchase no gold from any country which has not broken relations with the Axis.

> The U.S., Great Britain and Russia will purchase no gold from any country which has broken with the Axis but still acquires gold from nations which maintain relations with the Axis.

This action closes the Allied gold markets to remaining neutrals such as Portugal, Spain, Sweden, Switzerland and Turkey. It also closes the door on countries such as Argentina unless they refuse to accept Axis-tainted gold from neutrals.

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