Henderson, Dale W.; Irons, John S.; Salant, Stephen W.; … - Federal Reserve Board (Board of Governors of the … - 1997
Gold has both private uses (depletion uses and service uses) and government uses. It can be obtained from mines with high extraction costs (about $300 per ounce) or from above ground stocks with no extraction costs. Governments still store massive stocks of gold. Making government gold available...