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The first installment of one billion gold marks was due by the end of May. Gold Price: $1,781.99. News: China gold price today reserves, Indonesia desires its own bullion financial institution, gold buildings world wide, and extra gold news. By 1918 profits had enabled it to invest greater than $9 billion abroad, in contrast with $2.5 billion earlier than the struggle. The Europeans had meanwhile agreed to cancel their claims on German reparations however to not ratify this resolution except the United States wrote off their battle debts. This the Germans may obtain solely by contracting huge and almost unrepayable loans in the United States-to whom the European recipients of reparations promptly returned much of the money in an effort to settle their own transatlantic debts.

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