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The Soviet Impact on World Trade in Gold and Platinum

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The Soviet Impact on Commodity Markets
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Abstract

The bounty of Nature is not taken without human cost. The miners of coal and ores who made possible the Industrial Revolution suffered tragic losses in Europe and North America, and even today, despite great improvements in industrial safety throughout the world, natural resources have still to be won at the expense of life and limb.1 But the toll levied by Stalin’s exploitation of gold and platinum beggars the record of the capitalist system, and has yet to be revealed in all its enormity.2

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Notes

  1. V. Alkhimov, ‘Krupneyshiy iz krupneyshikh’ Pravda, 3 October 1981.

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  2. Henry A. Wallace, Soviet Asia Mission (New York: Reynal and Hitchcock, 1946). Subsequent reports by released prisoners showed that they were confined within their hutments throughout his stay and that the watchtowers and fences were temporarily dismantled. The secret police chief, executed immediately after Stalin’s death for his atrocities, was represented as “chairman of the local-government authority.”

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  3. Alexander Solzhenitsyn, The Gulag Archipelago 3 vols. (London: Collins, 1973, 1975 and 1978).

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  4. S. Mora (pseudonym of K. Zamorski), Kolyma: Gold and Forced Labour in the USSR (Washington, D.C.: Foundation for Foreign Affairs, 1949), p. 10.

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  5. N. Jasny, “Labour and Output in Soviet Concentration Camps,” Journal of Political Economy 59 (1951): 405–19;

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  6. S. Swianiewicz, Forced Labour and Economic Development (London: Oxford University Press, 1965), p. 292.

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  7. In D. Lloyd-Jacobs, P. Fells, et al., Gold 1971 (New York: Walker, 1971), pp. 146–216.

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  8. P. Desai, “Soviet Grain and Wheat Import Demands in 1981–85,” American Journal of Agricultural Economics 64 (1982): 312–22.

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  9. C. Beaucourt, “La balance des paiements courants de l’URSS à l’horizon 1985,” Le Courrier des pays de l’Est (1982): 3–49.

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© 1984 M. M. Kostecki

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Kaser, M. (1984). The Soviet Impact on World Trade in Gold and Platinum. In: Kostecki, M.M. (eds) The Soviet Impact on Commodity Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06513-4_9

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