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B-184556, SEP 2, 1975

B-184556: Sep 2, 1975

THIS PROTEST WAS FILED A FEW DAYS PRIOR TO OUR DECISION IN B-183192. WHICH WAS NOT A FACTOR IN THE CASE. SINCE THE SITUATION HERE IS VIRTUALLY IDENTICAL. THE PROTEST IS DENIED...

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Protest Regarding Sale of Gold

B-184556: Sep 2, 1975

The protester objected to the rejection of his bid for the purchase of gold, challenging the authority of the General Services Administration to sell gold at a higher price than that established by the Par Value Modification Act, as amended. The Gold Reserve Act of 1934 authorized the sale of gold at rates set by the Secretary of the Treasury and imposed no obligation on the Government to honor bi...

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