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...devaluations-that a few kilos of gold buried in a flower garden are sometimes the only insurance against personal financial disaster. Almost half of the entire 8,900 tons of gold held privately in Europe is in France. Today's French goldbug, says Paris Financial Editor René Sedillot, "is apt to be a peasant or a workingman, not a sophisticated capitalist. It's no use telling such hoarders that they ought to buy stocks. In their eyes, gold is a tried and true friend. It's part of the setting of their daily lives, like their...

Author: /time Magazine | Title: Business: U.S. AND BULLION: IN BARS WE TRUST? | 1/6/1975 | See Source »

...want my pen to turn rusty." His book won critics' applause in Paris, sold nearly 100,000 copies in Sweden, was published in London, may soon come out in Argentina and Norway. U.S. readers will find that there is good reason for this success: for all its brevity, Sedillot's history is a bold and breathless tale of suspense...

Author: /time Magazine | Title: Education: Capsule History | 4/23/1951 | See Source »

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