Gold Standard in a sentence

The yellow brick road represents the gold standard and the Silver Shoes which enable Dorothy to travel more comfortably symbolizes the Populist Party 's desire to construct a bimetallic standard of both gold and silver in place of the gold standard.

In the past, a gold standard was often implemented as a monetary policy within and between nations, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1976.

The Act made the de facto gold standard in place since the Coinage Act of 1873 (whereby debt holders could demand reimbursement in whatever metal was preferred—usually gold) a de jure gold standard alongside other major European powers at the time.

The Gold Standard Act confirmed the United States' commitment to the gold standard by assigning gold a specific dollar value (just over $20.67 per Troy ounce ).

Advocates of a gold standard based on a fixed price of gold don’t usually propose buying and selling gold in order to maintain the peg.

When the pound was returned to the gold standard after the war it was done on the basis of the pre-war gold price, which, since it was higher than equivalent price in gold, required prices to fall to realign with the higher target value of the pound.

It was only in 1925, when Britain returned to the gold standard in conjunction with Australia and South Africa that the gold specie standard was officially ended.

The Gold Standard Act of 1900 linked the dollar solely to gold.

The introduction of the international gold standard in 1777, and its formal adoption in 1821, played a pivotal role in formalising gold’s value globally, thereby influencing economies worldwide.

In 1924, the seminal macro -economist, John Maynard Keynes, called the gold standard (and by proxy gold) “a barbarous relic”.

How much gold does it take to run the gold standard?

Even though the British coinage was also silver, it represented fractions of the gold sovereign and so its value was based on a gold standard.

However, gold remained heavily favored over silver, paving way for the gold standard.

So were it not for redemption of currency for gold (in accordance with the gold standard), the central bank could have effectively increased money supply by simply reducing the reserve requirements and through open market operations (e.

The end of the gold standard was successfully effected by the Bank of England through appeals to patriotism urging citizens not to redeem paper money for gold specie.

The United Kingdom was now operating a very successful gold standard in relation to the gold sovereign that was introduced in 1816, and there was a desire to extend this system to the colonies.

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.

Under a gold standard, the long term rate of inflation (or deflation) would be determined by the growth rate of the supply of gold relative to total output.

Under the gold standard, significant inflation is rare, and hyperinflation is essentially impossible because the money supply can only grow at the rate that the gold supply increases.

I believe Autodesk has a "moat" which includes gold standard technology and its products being the "industry standard" which is backed by the high retention numbers.