“Each time a man stands up for an ideal or acts to. I Refuse to be Terrified. Gold standard - Wiki. All references to "dollars" in this article refer to the United States dollar, unless otherwise stated.
Under a gold standard, paper notes are convertible into preset, fixed quantities of gold. A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types may be distinguished: specie, exchange, and bullion. 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. Unbelievable Rant on MSNBC! Reporter CRACKS & Spews TRUTH! #OpService #BrutalityEnds.