User:TheQuiteSide/sandbox
From Wikipedia, the free encyclopedia
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct types of "gold standards".
This is the user sandbox of TheQuiteSide. A user sandbox is a subpage of the user's user page. It serves as a testing spot and page development space for the user and is not an encyclopedia article. Create or edit your own sandbox here. Other sandboxes: Main sandbox | Template sandbox Finished writing a draft article? Are you ready to request review of it by an experienced editor for possible inclusion in Wikipedia? Submit your draft for review! |
>
This article may require copy editing for style. (July 2012) |
The gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a less valuable metal. Similarly, the gold exchange standard does not typically involve the circulation of gold coins. Rather, it uses notes or coins made of silver or other metals, but where the authorities guarantee a fixed exchange rate with another country that is on the gold standard. This creates a de facto gold standard, where the values of the notes and non-gold coins in circulation have fixed external values in terms of gold that is independent of their inherent values. The gold bullion standard is a system in which gold coins do not circulate, but the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for circulating currency.
No country currently uses a gold standard as the basis of its monetary system, although several hold substantial gold reserves.