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| | Gold standard - Wikipedia, the free encyclopedia |
 | | The Downfall of the Gold Standard Gustav Cassel 1966 | | | Even such gold advocates as Roosevelt's budget director conceded that until it was possible to balance the budget, a gold standard would be impossible. | | | The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. |
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http://en.wikipedia.org/wiki/Gold_standard
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| | EH.Net Encyclopedia: Gold Standard |
| | The periods in which the gold standard flourished, the groupings of countries under the gold standard, and the dates during which individual countries adhered to this standard are delineated in the first section. | | | The gold-bullion standard did not exist in the classical period (although in Britain that standard was embedded in legislation of 1819 that established a transition to restoration of the gold standard). | | | However, the level of its domestic assets is dependent on its gold reserves, because the authority generates demand liabilities (notes and deposits) by increasing its assets, and convertibility of these liabilities must be supported by a gold reserve, if the gold standard is to be maintained. |
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http://eh.net/encyclopedia/article/officer.gold.standard
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| | E-gold - Wikipedia, the free encyclopedia |
| | The account balance, which is denominated in gold grams, does not change, but its purchasing power will change in relation to the gold price. | | | Instead numerous digital gold currency exchangers, such as OmniPay (a sister company of e-gold), act as market makers selling e-metal in exchange for fiat currency and a transaction fee. | | | As digital gold currency providers are not banks, they are not legally required to perform various sorts of "know your customer" background checks. |
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http://en.wikipedia.org/wiki/E-gold
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| | Gold standard - Wikipedia, the free encyclopedia |
| | Even such gold advocates as Roosevelt's budget director conceded that until it was possible to balance the budget, a gold standard would be impossible. | | | Gold advocates claim that this extra step would no longer be necessary since the currency itself would have its own intrinsic store of value. | | | In an international gold-standard system, which may exist in the absence of any internal gold standard, gold or a currency that is convertible into gold at a fixed price is used as a means of making international payments. |
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http://en.wikipedia.org/wiki/Gold_Standard
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| | Franc |
| | With the creation of a gold franc in 1803, gold and silver-based units circulated interchangeably on the basis of a 1:15.1 ratio between the values of the two metals (bimetallism). | | | In 1926 Belgium as well as France experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the belga of 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year. | | | After a brief return to the gold standard (1928 to 1936) the currency was allowed to resume its slide, until it was worth in 1959 less than a fortieth of its 1936 value. |
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http://www.brainyencyclopedia.com/encyclopedia/f/fr/franc.html
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| | THE COSTS OF A GOLD STANDARD |
| | Opponents of the gold standard calculate the costs of gold in dollars and cents and report their calculations as a percentage of the economy's output. | | | That is, the resource costs of gold constitute a part of the costs of both standards, but all of the costs of neither standard. | | | In the judgment of the proponents of the gold standard, the benefits of gold, immunity from State intervention and the resulting monetary stability, outweigh the resource costs of goldand any other costs that might be associated with the gold standardby a comfortable margin. |
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http://www.auburn.edu/~garriro/g4gold.htm
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| | Cross of Gold speech - Wikipedia, the free encyclopedia |
| | Backers of the gold standard felt that the protection against inflation was paramount, and the gold standard would prevent runaway inflation. | | | The speech advocated bimetallism; at the time, the Democratic Party wanted to standardize the value of the dollar to silver and opposed pegging the value of the United States dollar to a gold standard. | | | Frank Baum is an allegory for the populist movement headed by Bryan, and that the yellow brick road is a metaphor for the gold standard. |
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http://en.wikipedia.org/wiki/Cross_of_gold_speech
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| | What is the gold standard? |
| | The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country. | | | Holdings of gold are still retained because it is an internationally recognized commodity, which cannot be legislated upon or manipulated by interested countries. | | | President Richard Nixon of U.S. closed the “gold window.” This action broke the last tie between gold and circulating currency, resulting in our modern financial system which is called a “floating currency” system. |
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http://tx.essortment.com/goldstandards_rgvh.htm
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| | Gold Standard |
| | Gold and Williams's excuse is pretty standard these days: They don't want to alienate their retail partners by selling directly to customers. | | | Gold and Williams have also insulated themselves from bad planning by forcing all of the retailers they work with to always keep every Mitchell Gold product that they show on their sales floor in inventory. | | | Of course, moving onto the Web too slowly can cost a company too, and Gold and Williams have received plenty of complaints from customers who have visited their site, liked a product, and were irritated to learn that they couldn't click and have a sofa show up seven days later. |
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http://www.fastcompany.com/magazine/41/gold.html
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| | Memo, 12-12-97; "Gold Standard Mechanisms" |
| | A gold standard is one in which the national money is defined as a specific weight of gold. | | | Mechanisms can be changed to support the national monetary unit defined as a gold weight, but as long as the final objective is to preserve and guarantee the dollar/gold definition, it is a gold standard. | | | The breakdown of the Bretton Woods gold standard was the result of several intellectual strands of thought running through American politics in the 1960s and 1970s, thoughts inconsistent with a gold standard. |
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http://www.polyconomics.com/searchbase/fles13.html
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| | E-gold - definition of E-gold in Encyclopedia |
| | This ties the e-gold currency system directly to the value of gold in such a way that its value cannot be directly manipulated in the way that paper fiat currency can. | | | The amount of a particular fiat currency or e-gold necessary to complete a transaction is determined by the then current spot price of gold in relation to the value of the fiat currency. | | | Therefore, the value of any individual e-gold account fluctuates against national currencies according to the spot price of gold. |
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http://encyclopedia.laborlawtalk.com/E-gold
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| | CAN THE U.S. RETURN TO A GOLD STANDARD? |
| | The increasingly numerous proponents of a GOLD STANDARD persuasively argue that budget deficits and large federal borrowings would be difficult to finance under such a standard. | | | A second advantage of gold notes is that they are likely to reduce current budget deficits. | | | However, unless the price of gold doubles over a five-year period (16% compounded annually), interest payments on the gold notes in terms of dollars will be less than conventional financing requires. |
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http://www.gold-eagle.com/greenspan011098.html
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| | Take Money Back |
| | Gold is market money, a commodity which must be supplied by being dug out of the ground and then processed; but government, on the contrary, supplies virtually costless paper money or bank checks out of thin air. | | | The answer is revealed by the fact that the Fed, which had promised to redeem its liabilities in gold, has been in default of that promise since Roosevelt's repudiation of the gold standard in 1933. | | | The universal and ancient use of gold and silver as moneys was pointed out by the first great monetary theorist, the eminent fourteenth-century French scholastic Jean Buridan, and then in all discussions of money down to money and banking textbooks until the Western governments abolished the gold standard in the early 1930s. |
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http://www.mises.org/rothbard/moneyback.asp
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| | The Gold Standard Revisited |
| | The gold standard is a monetary system in which paper money is freely convertible into a fixed amount of gold. | | | Gold production soared so that by 1939 there was enough in the world to replace all global currency in circulation. | | | While gold coins and bullion continued to dominate the monetary system of Europe, it was not until the 18th century that paper money began to dominate. |
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http://www.investopedia.com/articles/05/030705.asp
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| | What Has Government Done to Our Money? The Classical Gold Standard |
| | The international gold standard meant that the benefits of having one money medium were extended throughout the world. | | | With the exception of the troublesome problem of silver, the world was on a gold standard, which meant that each national currency (the dollar, pound, franc, etc.) was merely a name for a certain definite weight of gold. | | | It must be emphasized that gold was not selected arbitrarily by governments to be the monetary standard. |
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http://www.mises.org/money/4s1.asp
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| | Gold Standard |
| | The gold standard was mainly used from 1875 to 1914 and also during the interwar years. | | | The exchange rate under the gold standard monetary system is determined by the economic difference for an ounce of gold between two currencies. | | | However, the system was flawed because countries needed to hold large gold reserves in order to keep up with the volatile nature of supply and demand for currency. |
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http://www.investopedia.com/terms/g/goldstandard.asp
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| | The Unofficial Paul Krugman Web Page |
| | First, a gold standard would have all the disadvantages of any system of rigidly fixed exchange rates--and even economists who are enthusiastic about a common European currency generally think that fixing the European currency to the dollar or yen would be going too far. | | | While some modern nations have chosen, with reasonable justification, to renounce their monetary autonomy in favor of some external standard, the standard they choose these days is always the currency of another, presumably more responsible, nation. | | | Second, and crucially, gold is not a stable standard when measured in terms of other goods and services. |
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http://www.pkarchive.org/cranks/goldbug.html
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| | BW e.biz--4/3/00--Perspective: Would a Global Crisis Make E-Gold Glitter? |
| | But the company that operates e-gold, Gold & Silver Reserve Inc., is not required to file anything about these transactions to federal authorities. | | | Sounds complicated, and it is. E-gold may appeal to those who share the company's philosophy about the value of gold as currency. | | | E-gold sells the customer gold, silver, platinum, or palladium -- whatever the customer chooses -- at a price determined by e-gold, which is roughly the going spot price for each precious metal. |
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http://www.businessweek.com/ebiz/0004/ep0403.htm
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| | Gold Standard |
| | The Gold Standard is an independently audited, globally applicable best practice methodology for project development that delivers high quality carbon credits of premium value. | | | Since the Gold Standard was designed upon consultation with all relevant stakeholders you can be sure that applying it will be of benefit for yourself, regardless of your motivation. | | | The Gold Standard helps the CDM to achieve its twin objectives. |
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http://www.cdmgoldstandard.org
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| | StockSelector.com Bema Gold Corporation: 2004 Fo ... |
| | Bema’s consolidated gold production for the year was 229,545 ounces with an operating cash cost of $315(1)(2) and total cash cost of $332 per ounce(1)(2). | | | Bema’s projected gold production in 2005 is approximately 309,000 ounces at an estimated operating cash cost of $295 per ounce (1)(2) and a total cash cost of $312 per ounce(1)(2). | | | Consolidated gold production for the fourth quarter was 61,501 ounces with an operating cash cost of $353 per ounce(1)(2) and a total cash cost of $371 per ounce(1)(2). |
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http://www.stockselector.com/newsarticle.asp?symbol=BGO&article=64819975
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| | e-gold: Return of the Gold (en) Era |
| | When the world's monetary systems started, gold, silver and other metals dominated the market on account of the fact that their value was relatively stable and they were indestructible. | | | This new global payment system is steadily gaining wider acceptance by each passing day in the global markets, with more and more merchants adding e-gold payment system to their payment options and an increasing number of customers preferring to pay in e-gold instead of checks or credit cards. | | | Unaffected and un influenced by the outer world, the gold (e-gold in this case) in your account remains in the same value while the currency that lies flat in your wallet or some bank account may stand worthless if the government takes a fall. |
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http://www.top50.to/e-gold.html
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| | e-gold Internet currency |
| | He added that the absence of credit risk exposure in using digital gold, rather than a traditional hard currency, could also change the way financial markets did business -- for example, in allowing the immediate settlement of securities trades and the clearing of multiple dissimilar financial assets. | | | That meant there was no credit risk or contingent liability in using e-gold for any transactions. | | | Gold was fixed at $267.45 a troy ounce in London on Tuesday afternoon, and there are 32,151 troy ounces in one ton. |
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http://ao.com.au/e-gold.htm
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| | www.mineweb.net columns emerging russia Barrick's last mis-hit in Russian gold game |
| | Barrick's diligence has been unconvincing to the market, however, and after Munk and Wilkins summoned up their courage to put more of their cash in the Highland Gold treasury, the price of Highland Gold shares steadily dwindled. | | | This was expressed by Highland Gold in a revised deal announcement as Barrick's "preference [for] investing directly in deposits to be developed." Instead of acquiring a 29% stake, Barrick took nine months to acquire 20%. | | | A second was to outbid Barrick for the Sakha assets. |
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http://www.mineweb.net/columns/emerging_russia/491783.htm
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| | The Gold Market, Part 1 |
| | Gold is only one of many commodities that over the years have served as money--as a medium of exchange--in international trade and financial transactions. | | | Even though immediately before and after a fixing gold trading will continue at prices that may vary from the fixing price, the fixing price is an important benchmark in the gold market because much of the daily trading volume goes through at the fixing price. | | | During the early years of the gold pool, it came to be believed that there was a deficiency of international reserves and that more reserves had to be created by legal fiat to enable reserve-holders to diversify out of the U.S. dollar and gold. |
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http://www.aci.net/kalliste/Gold1.htm
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| | Wired 10.01: In Gold We Trust |
| | The international gold standard was one of the technical wonders of the highly globalized late-Victorian era - a sophisticated, elegant mechanism for transmitting value from one end of the civilized world to the other. | | | Finding bits of 141 bars of gold circulating on the Net is a little like a coelacanth, a financial fossil come to life. | | | But all the same, Ray insists gold's philosophical baggage doesn't stand in the way of its being a technically superior currency. |
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http://www.wired.com/wired/archive/10.01/egold_pr.html
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| | Quackgrass Press #31: E-gold |
| | When you bail gold to an e-gold account, the ownership of the gold remains with you, it is not a loan to the payments company. | | | A new gold currency is a new use for gold--and it will therefore raise the value of gold, according to uncontroversial economic law. | | | E-gold is similar in economic principle to 100% reserve banking under a gold standard, but e-gold is not banking; it differs from banking in legal principle. |
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http://www.quackgrass.com/articles/31egold.html
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| | Bimetallic Standard and bimetallism : an introduction |
| | Whenever the market price of silver in terms of gold is sufficiently far from the legal ratio, the economy switches to a monometallic standard, using the relatively cheapest metal as money and removing the other from circulation. | | | You can pay your debt either in gold or in silver at the legal ratio | | | For example, in the United States for the greater part of the 19th century the dollar was defined as consisting either of 22.5 grains of gold or 371 grains of silver (a grain is 0.065 grams). |
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http://www.micheloud.com/FXM/MH/Bimetalintro.htm
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| | The Gold Standard |
| | The Gold Standard, however, is not focused on the large investor, but rather on the enterprising businessperson who wishes to become involved in precious metals trading, one of the oldest, most lucrative, and yet historically safest business ventures. | | | Gold's value rose 15 per cent in 2001, in a steady pattern which had begun well before the events of September 11th, making gold one of the best performing assets in any class of investment. | | | The costs and time investment required can be surprisingly low. |
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http://www.thegoldstandard.biz
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