
"What does a billion dollars mean to you?"
Clovis Porter had barely finished depositing his coat on a hanger when he began to answer the question.
"In dollars, land, project budgets or what?"
"In gold."
"It doesn't mean much," said Clovis Porter, sitting down. "Only a handful of countries in the world have that much gold. And those that have it don't use it. They just keep it in a warehouse someplace, and let it maintain the value of their currency."
"Why would a country try to gather up a billion in gold?"
"Just habit," Porter said. The question intrigued him. "In dealing between countries, the dollar is as good as gold. But people have been collecting gold for so long, they've just got the habit. So have countries."
"What could a country buy for a billion in gold?"
"What couldn't you buy?," Clovis Porter said.
"If something were for sale for a billion dollars in gold, could you find out what it was? And who was getting ready to buy it? I mean, could it be kept secret?"
"To anyone who knew what he was looking for, it would stand out like a blizzard in July."
"I take it you would know what you're looking for?"
"Yes sir, I would," Clovis Porter said.
"I'm glad you said that," the young man answered, "because we need a little favour."
And that was it. Clovis Porter, who was tired of Washington anyway, went out into the marketplaces of the world. And he found out which countries were suddenly trying to build stockpiles of gold, and how they were doing it.
And because he was a banker and because he was willing to liquidate all his assets—even $2.4 million took a frenzied three weeks to turn into cash—he found out why they needed the gold.
They were going to bid in an auction. And one billion dollars in gold was the opening bid. And when he found out what was going on the auction block, he knew that America had only a slim chance of survival and that he could not even trust the young Intelligence man who had given him his assignment.
