What Is True Value Of

Islands Gold Shares?

'THK prices of several Islands gold shares are at absurdly low levels.

The usual table, printed on page 76, shows that stocks, almost without excep tion, have been marked down heavily.

There is no reason for this, except “nerves.”

If the world-price of gold is not going to fall, an investor can substantially in crease his capital by buying almost any of the leading gold shares of New Guinea, Papua, or Fiji.

The price of gold is, of course, difficult to foresee. Since it has not fal 1 on under the influence of recent events, however, it should hold up in the future. Experts say that the halving of the external value of the French franc, and the consequent doubling of the price of gold in France, should hold up the world’s gold quotation indefinitely.