Gold backed currencies
The gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
Three types of gold standards may be distinguished.[citation needed] In the gold specie standard the monetary unit is associated with the value of circulating gold coins or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal. The gold exchange standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that does use a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. Finally, the gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for circulating currency.
No country[citation needed] currently uses a gold standard as the basis of its monetary system, although most hold substantial gold reserves.
"Gold standard" is also used metaphorically to refer to the best of several procedures, against which the value of the others, or of new proposals, is judged.All references to "dollars" in this article refer to the United States dollar, unless otherwise stated.

This is an excerpt from the article Gold backed currencies from the Wikipedia free encyclopedia. A list of authors is available at Wikipedia.
The article Gold backed currencies at en.wikipedia.org was accessed 13 times in the last 30 days. (as of: 07/21/2013)
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Gold standard - Wikipedia, the free encyclopedia
The gold standard variously specified how the gold backing would be implemented, including the amount of specie per currency unit. The currency itself is just ...
en.wikipedia.org/wiki/Gold_standard
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China's Yuan Set To Become Global Reserve Currency With Gold ...
Jul 25, 2013 ... According to media reports, the People's Bank of China is considering phasing out the dollar as the reference currency or peg for the yuan, and ...
www.zerohedge.com/contributed/2013-07-25/china%E2%80%99s-yuan-set-become-global-reserve-currency-gold-backing
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MEET THE NEW GOLD-BACKED WORLD RESERVE CURRENCY ...
Jun 4, 2013 ... The result: a new world reserve currency backed by gold: the Yuan. ... Turns out gold-backed currency is better than fiat pieces of paper printed ...
www.theburningplatform.com/?p=55429
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Gold Backed China's Yuan Set To Become Global Reserve Currency?
Jul 25, 2013 ... Resistance is at $1,350/oz and $1,400/oz and the first level of support is at $1,300/oz which may be tested today. Below that support is at ...
www.marketoracle.co.uk/Article41572.html
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FRB: Is U.S. currency still backed by gold?
Is U.S. currency still backed by gold? Federal Reserve notes are not redeemable in gold, silver, or any other commodity. Federal Reserve notes have not been ...
www.federalreserve.gov/faqs/currency_12770.htm
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China Launching Gold Backed Global Currency | World Truth.TV ...
Jul 18, 2013 ... According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency.
beforeitsnews.com/alternative/2013/07/china-launching-gold-backed-global-currency-world-truth-tv-2714500.html
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Are there any currencies backed by gold? - Sovereign Man
Mar 28, 2012 ... March 28, 2012 Santiago, Chile Dumbfounded. That's the only way to describe the reaction that future historians will have when they look back ...
www.sovereignman.com/finance/are-there-any-currencies-backed-by-gold-6226/
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Only One Currency Is Still Backed By Gold - Business Insider
Mar 29, 2012 ... March 28, 2012. Santiago, Chile. Dumbfounded. That's the only way to describe the reaction that future historians will have when they look ...
articles.businessinsider.com/2012-03-29/markets/31252630_1_money-supply-dollar-and-gold-real-gold
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Land Destroyer
Early Sunday morning, while attempting to connect to a British Airways flight home to Brazil, Miranda was detained by British security officials under Schedule 7 ...
landdestroyer.blogspot.com/
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Virginia Investigates Gold Backed Currency Alternative to the Dollar ...
Virginia Investigates Gold Backed Currency – Alternative to the Dollar. Byline. There is a whirlwind surrounding the whole issue of gold back currency that has ...
armstrongeconomics.com/693-2/2013-2/virginia-investigates-gold-backed-currency-alternative-to-the-dollar/
Search results for "Gold backed currencies"
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Gold backed currencies in science
Ron Paul Sound Currency Message is Resonating With Worldwide ...
Though history proves fiat currencies fail, central banks, including the Federal ... at George Washington University how impractical a gold backed currency is, ...
Ron Paul Backed Gold-Standard May Become Texas Law Under ...
Capriglione said that the state could save money on protecting the gold by farming out ... PM Politics Intern- M.A. in Writing from the University of Warwick.
Gold standard - Wikipedia, the free encyclopedia
In the US, the Federal Reserve was required by law to have 40% gold backing of its Federal Reserve demand notes, and thus, could not expand the money ...
currency » Synapse | Boston University
In the face of these issues, the gold-backed currency was deemed too inflexible.1 His action removed the last fixed link between paper money and real goods.
Advance Look: What The New Gold Standard Will Look Like - Forbes
May 8, 2013 ... Campaign poster showing William McKinley holding U.S. flag and standing on gold coin “sound money”, held up by group of men, in front of ...
Why would anyone accept a 'fiat' currency? | Credit Writedowns
Jul 18, 2011 ... And even with no gold backing, the US currency is still in high ... Full Employment and Price Stability at the University of Missouri–Kansas City.
gold standard: Definition from Answers.com
This meant that the ruble could be exchanged at a stable, fixed rate with the other major gold-backed currencies of the time, which facilitated trade by eliminating ...
Gold Standard
Many of today's famous currencies date from the Middle ages when it was .... gold , policy makers thought that currencies should be backed by gold and willingly ...
Gold standard (economics) - RationalWiki
Jun 27, 2013 ... The gold standard (in economics) refers to a type of monetary system where the currency of a country is backed directly by the national gold ...
Should we return to the gold standard? – USATODAY.com
Apr 23, 2012 ... For example, it could say that at least 40% of all currency outstanding be backed by gold. This would limit the money supply, but be vulnerable ...
Books on the term Gold backed currencies
The True Gold Standard: A Monetary Reform Plan Without Official ...
The True Gold Standard: A Monetary Reform Plan Without Official ...
Lewis E. Lehrman, 2011
Moreover, the true gold standard of history provides the global networking effects of universally acceptable, equitable, ubiquitous, standard money.
Wondering Man, Money & Go(l)d
Wondering Man, Money & Go(l)d
R. GOSWAMI, 2007
When the gold-backed dollar was replaced with the gold backed Federal Reserve Note what we actually did was create a derivative 2 times removed. When that currency was then replaced with the non-gold backed Federal Reserve Note we ...
The Federal Reserve System: A History
The Federal Reserve System: A History
Donald R. Wells, 2004
In addition to gold backing, the federal reserve notes had to be backed by 60 percent eligible paper, but since commercial ... Reserve Act in ¡9¡3, he believed in the real bills doctrine and did not want currency backed by government bonds.
Handbook of Key Global Financial Markets, Institutions, and ...
Handbook of Key Global Financial Markets, Institutions, and ...
2012
Under this new gold-exchange standard, which lasted from 1925 until the financial crisis of 1931, certain countries agreed to set a par value for their currencies in terms of gold, and other countries agreed to hold gold-backed currencies as part ...
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Blog posts on the term
Gold backed currencies
Gold Backed China’s Yuan Set To Become Global Reserve Currency? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
Gold Backed China’s Yuan Set To Become Global Reserve Currency? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
www.marketoracle.co.uk/Article41572.html
Rumors that China is planning to move to a gold backed yuan currency « ArabianMoney
www.arabianmoney.net/gold-silver/2013/07/21/rumors-that-china-is-planning-to-move-to-a-gold-backed-yuan-currency/
China’s Yuan Set To Become Global Reserve Currency With Gold Backing? | Max Keiser
Max Keiser Financial War Reports
www.maxkeiser.com/2013/07/chinas-yuan-set-to-become-global-reserve-currency-with-gold-backing/
MEET THE NEW GOLD-BACKED WORLD RESERVE CURRENCY « The Burning Platform
www.theburningplatform.com/?p=55429
Ultimate confidence: World won’t go for gold standard anymore — RT Op-Edge
Whatever you have in your wallet, it’s ultimately worthless. True, there may be some kind of “I promise to pay the bearer” comment on the water-marked notes, but in reality the only thing your government can give you in return is vapor.
rt.com/op-edge/gold-standard-china-confidence-money-719/
EconomicPolicyJournal.com: Franklin Templeton Money Manager: We Will See a Gold Backed Asian Currency
"Boom Bust" emails: I just read your post about Philippa Malmgren saying the Chinese may back their currency with gold. Funny thing, but two days ago I had the opportunity to briefly talk to Dr.
www.economicpolicyjournal.com/2013/06/franklin-templeton-money-manager-we.html
NEW American Republic *Gold-Backed* Currency? - Possibly So - Artists For A Better World Artists Directory
~ I've seen several different versions of our new currency. Some versions were apparently to help fake out the global rats as they were taken down and de-funde…
afabwint.ning.com/profiles/blogs/new-american-republic-gold-backed-currency-i-believe-so
Broad Oak Money: Coppola: Gold backing would destroy the US dollar
In a new article for Pieria, Frances Coppola argues that fixed currency systems can't cope with rapid change in the balance of international trade. Reverting to the gold standard would force the US to balance its books, but this would slam on the brakes so hard that a depression would ensue and foreign countries would have to find an alternative to the US dollar.
broadoakblog.blogspot.com/2013/07/coppola-gold-backing-would-destroy-us.html
2012 Indy Info | China Launching Gold Backed Global Currency | World Truth.TV
Posted on July 18, 2013 by Laura Multidimensional Ocean.
2012indyinfo.com/2013/07/18/china-launching-gold-backed-global-currency-world-truth-tv/
Removing The Shackles: RV/Gold Bait and Switch? - Secular Value vs Absolute Value
http://sitsshow. blogspot.
removingtheshackles.blogspot.com/2013/08/rvgold-bait-and-switch-secular-value-vs.html
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