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Topic: Gold standard



  
 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.
http://en.wikipedia.org/wiki/Gold_standard   (7937 words)

  
 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.
http://eh.net/encyclopedia/article/officer.gold.standard   (3013 words)

  
 Gold Standard, by Michael D. Bordo: The Concise Encyclopedia of Economics: Library of Economics and Liberty
The gold standard was also an international standard—determining the value of a country's currency in terms of other countries' currencies.
The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold.
The gold standard broke down during World War I as major belligerents resorted to inflationary finance and was briefly reinstated from 1925 to 1931 as the Gold Exchange Standard.
http://www.econlib.org/library/Enc/GoldStandard.html   (1978 words)

  
 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 gold—and any other costs that might be associated with the gold standard—by a comfortable margin.
http://www.auburn.edu/~garriro/g4gold.htm   (7748 words)

  
 321gold: Gold and Economic Freedom by Alan Greenspan 1966
Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset.
Thus, government deficit spending under a gold standard is severely limited.
A free banking system based on gold is able to extend credit and thus to create bank notes (currency) and deposits, according to the production requirements of the economy.
http://www.321gold.com/fed/greenspan/1966.html   (2311 words)

  
 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.
The inflation that would result from the silver standard would make it easier for poor farmers to pay off their farm debts by increasing their revenue dollars.
http://en.wikipedia.org/wiki/Cross_of_gold_speech   (259 words)

  
 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.
http://tx.essortment.com/goldstandards_rgvh.htm   (723 words)

  
 Memo, 12-12-97; "Gold Standard Mechanisms"
The threat to a monetary standard that guarantees the value of government debt is not the standard, but the viability of the government.
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.
http://www.polyconomics.com/searchbase/fles13.html   (1842 words)

  
 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.
http://www.fastcompany.com/magazine/41/gold.html   (5120 words)

  
 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.
http://www.gold-eagle.com/greenspan011098.html   (1390 words)

  
 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.
http://www.mises.org/rothbard/moneyback.asp   (7224 words)

  
 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.
http://www.investopedia.com/articles/05/030705.asp   (1468 words)

  
 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.
http://www.mises.org/money/4s1.asp   (623 words)

  
 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.
http://www.investopedia.com/terms/g/goldstandard.asp   (265 words)

  
 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.
http://www.pkarchive.org/cranks/goldbug.html   (1387 words)

  
 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.
http://www.cdmgoldstandard.org   (119 words)

  
 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.
The costs and time investment required can be surprisingly low.
The links on these pages are to resources essential to such a venture, and reflect the many faces of the precious metals business.
http://www.thegoldstandard.biz   (254 words)

  
 Bimetallic Standard and bimetallism : an introduction
A bimetallic standard is a monetary standard where the monetary unit is defined as consisting of either a certain amount of a metal or a certain amount of another, with the monetary authority being ready at all times to coin either metal at the legal price.
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
http://www.micheloud.com/FXM/MH/Bimetalintro.htm   (224 words)

  
 Memo, 1-14-98; A Strict Gold Standard
The gold standard worked in the 19th century not because banks held gold in equal reserves to the notes they issued, but because the United States government guaranteed its national debt in dollars at a specified weight of gold.
The establishment of the government standard is what enabled the private banks to issue notes that could circulate from one sphere to another, although their primary function was to intermediate bills of exchange denominated in dollars, even though those dollars technically did not exist.
The dollar reserves held by the banks are as good as gold if the Federal Reserve limits its creation of currency and bank reserves to the amount demanded at a fixed gold price.
http://www.polyconomics.com/searchbase/01-14-98.html   (810 words)

  
 Welcome to Gold Standard
Based in Tampa, Florida, Informed Decisions is a wholly owned subsidiary of Gold Standard that provides a full array of strategic health information technology services to healthcare interests including state governments, commercial insurance payers, pharmaceutical manufacturers and professional healthcare associations.
For our employees, Gold Standard aspires to be a “learning organization,” providing an environment where employees strive for personal growth, professional development and involvement.
Providing our customers with the highest standard of customer service and support.
http://www.goldstandard.com/about.htm   (403 words)

  
 The Gold Standard goes international
They used this gold to finance a new gold standard for their country.
Between 1871 and 1900 every major country except China left their silver or bimetallic standard for a full gold standard.
That was, at least, the reason invoked to institute a Gold Standard.
http://www.micheloud.com/FXM/MH/Gold_Stand.htm   (207 words)

  
 1896: The Currency Question
The continuance of the "present gold standard" means:
It would cheat lenders of an honest return on their money, allowing profligate borrowers to steal value from those who had extended loans.
Free silver at "16 to 1" would have expanded the money supply, but as a lone measure it would hardly have solved the nation's economic woes, and it would have (as Republicans argued) substantially raised the value of silver in relation to gold.
http://projects.vassar.edu/1896/currency.html   (1818 words)

  
 The Book as the Gold Standard for Tenure and Promotion in the Humanistic Disciplines
Faculty members are less adamant about the book as a gold standard for promotion and tenure.
An analysis of these findings is contained in the full report to be distributed prior to the December 2, 2003 meeting of CIC provosts and LAS deans.
How willing are department heads and faculty to change criteria for promotion and tenure away from "the book as gold standard"?
http://lrc.lis.uiuc.edu/reports/CICBook.html   (3030 words)

  
 Gold Standard, Inc. - Home Page
Gold Standard, Inc. is a publicly held company listed on the OTC Bulletin Board.
The management and staff at Gold Standard have proven abilities in identifying early-stage mineral projects and then developing them into profitable gold mines.
Currently, the Company's focus is on exploring for gold in the country of Brazil through its wholly owned Brazilian subsidiary company, Gold Standard Minas, S.A. Gold Standard Minas maintains a full-time staff of experienced professionals and has a fully computerized office in the city of Curitiba, in southern Brazil.
http://www.gold-standard.com   (181 words)

  
 Baby Lock: Gold Standard
When you purchase select Baby Lock machines, you can add the optional Gold Standard Program for 3 years of free service, support, and maintenance, covering all parts and labor.
Exclusive Gold Standard Offers (valued at over $129 value)
• Please check with your authorized Baby Lock Retailer for new models that are supported by the Gold Standard Program
http://www.babylock.com/accessories/gold-standard?Product_ID=GS   (241 words)

  
 Premed, MCAT Books, Medical School Admissions and Interviews
Our non profit premed website includes materials reproduced with permission from The Gold Standard, The Black Book, the AAMC* and premed students like you.
The Gold Standard MCAT*: Helping premed students get into medical school.
To purchase The Gold Standard MCAT for Medical School Admissions,
http://www.futuredoctor.net   (555 words)

  
 Gold Standard Certification Program
Corporate management can more easily support one total quality system (Gold Standard Certification Program) than respond to differing and conflicting requests from customers.
Provides a marketing advantage to all your existing and potential customers that the products produced in the qualified plant meet strict quality criteria and customer specifications.
The Gold Standard Certification program is designed to provide continuous improvement in supplying your facility with the values of confidence, security and prosperity through full integration of sanitation, safety and the quality of your process.
http://www.aibonline.org/qualitycertprograms/gold.html   (218 words)

  
 Walden Three - Economics
With paper and electronic money, however, a wise government expands the money supply along with production so people can buy the newly produced items.
You can have your cake and eat it too – providing you keep making cakes.
Gold does not allow you to keep making cakes.
http://walden3.org/troublegold.htm   (302 words)

  
 Gold Standard Medical Board Preparation
Gold Standard Board Preparation CDs are powerful tools for memorization that guide you, step-by-step, through the most difficult Medical Board study material, allowing you to absorb and comprehend large quantities of information with ease.
Content Copyright ©2004 Gold Standard Board Preparation Systems, All Rights Reserved
Expanded and revised CD sets are used by students in every medical school in America, as well as in dozens of foreign countries.
http://www.boardprep.net   (137 words)

  
 --[ Libertarian International. Network of liberty-minded individuals and organizations in Europe. ]--
With Chinese Freegold from a reserve currency to a world standard
As for gold, it will fluctuate, but head generally higher, since gold is in a primary bull market.
In the talk here below he shows thë consequences of abandoning the Gold Standard: "Believers in big government, whether on the left or right, vociferously reject the constraints on government growth that gold demands."
http://www.libertarian.to/topics/overview.php?id=012   (431 words)

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