On the question of the gold standard, about the gold standard versus the silver standard

The gold standard. The gold standard is a monetary system with ** as the standard currency. Under the gold standard, or the monetary value of each unit is equal to a certain weight** (i.e. the gold content of the currency); When different countries use the gold standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies - mint parity.

The gold standard began to prevail in the mid-19th century. Historically, there have been three forms of the gold standard: the coin standard, the bullion standard, and the gold exchange standard.

The gold coin standard is the most typical form, and in a narrow sense, the gold standard refers to the monetary system.

The form of the gold standard.

1. Gold Specie Standard

This was the earliest form of the gold standard monetary system, also known as the classical or pure gold standard, which prevailed between 1880 and 1914. Free minting, free convertibility and free import and export are the three major characteristics of the monetary system. Under this system, each country** stipulates the gold content of the currency in the form of law, and the comparison of the gold content of the two currencies is the seigniorage parity that determines the basis of the exchange rate.

**It can be freely exported or imported into the country's borders, and in the process of importing and exporting, a coinage-price flow mechanism is formed, which plays an automatic role in adjusting the exchange rate. The exchange rate under this system fluctuates little due to the role of coinage parity and the limitation of the ** delivery point.

2. Gold bullion standard

This is a disguised gold standard that uses gold bars for international settlements, also known as the gold bar standard. Under this system, gold bullion is stored by the state as a reserve; The exchange relationship between various currencies in circulation and ** is restricted, and free convertibility is no longer implemented, but when necessary, the amount of paper money can be exchanged for gold bullion unrestricted to the ** bank of the country according to the specified limit. It can be seen that this monetary system is in fact a gold standard with restrictive conditions.

3. Gold Exchange Standard

It is a gold standard in which foreign exchange is maintained in countries with a bullion standard or gold coin standard, allowing the exchange of national currencies for foreign exchange without restrictions. Under the system, only bank bills are circulated in China, bank bills can not be exchanged, only the currency of the country that implements the gold bar or gold standard, and the international reserves in addition to the first are a certain proportion of foreign exchange, and foreign exchange can be exchanged abroad, and it is the last means of payment. Countries with a gold exchange standard maintain a fixed ratio of their currencies to the currencies of another country with a bullion or coin standard, and maintain the stability of their currencies by buying and selling foreign currencies without restrictions.

The bullion standard and the gold exchange standard largely disappeared in the 1970s.

In exchange for money.

The gold standard has long been abolished.

At that time, it was mainly exchanged for US dollars.

As for the question of the amount of reserves.

There should be no absolute relationship between prices and reserves.

Commodity prices have a great deal to do with the economic situation, national conditions, international financial conditions, and so on of the whole country.

But all other things are really the same.

It should be like what you said.

All I know is that the gold and silver standard protects against inflation and is conducive to the creation of real national wealth, not debt wealth.

The explanation of the term gold standard is: the monetary system that uses ** as the standard currency.

The explanation of the term gold standard is: the monetary system that uses ** as the standard currency. The phonetic pronunciation is:

一 Pinyin is: jīnběnwèi. The structure is:

Gold (upper and lower structure), main (monomeric structure), bit (left and right structure). The part of speech is: noun.

What is the specific explanation of the gold standard, we will introduce it to you through the following aspects:

1. Citations and explanations [click here to view the details of the plan].

A monetary system that uses ** as the standard currency.

2. Chinese dictionary.

A monetary system. It means that the unit currency of a country maintains an equivalent relationship with a certain amount of ** and allows ** to move freely within and outside the country. In 1821, Britain officially adopted the gold standard, which was adopted by various countries, and the gold standard finally came to an end with the outbreak of the Great War and the advent of the Great Economic Panic.

Translation of words: English, goldstandard, German, goldstandard(wirtsch), French, étalon-or

3. Network Explanation.

The gold standard is the gold standard (gold standard), and the gold standard is a monetary system with ** as the standard currency. Under the gold standard, the value of each unit of money was equal to a certain weight** (i.e. the gold content of the currency); When different countries use the gold standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies - gold parity. The gold standard began to prevail in the mid-19th century.

Historically, there have been three forms of the gold standard: the gold coin, the bullion standard, and the gold exchange standard. Among them, the gold coin standard is the most typical form, and in the narrow sense of the key, the gold standard refers to the monetary system.

Idioms about the gold standard.

Usurpation and seizure of power, Yuan Yuan, Benbenben, Benben, Native Divided, Native Stealing, Vegetarian Meal, Stripping Robe, Abdication, Trinity, Original Origin, Original Origin, Original Original

Words about the gold standard.

Fundamentalism, taking off one's robe, abdicating the corpse, mistaking the country, usurping the throne, seizing the silver, stealing the position, stealing the position, and the vegetarian meal is not inferior, and the high-ranking Houlu trinity.

Sentence formation about the gold standard.

1. Therefore, in the gold standard, money cannot disappear, because ** cannot disappear.

2. This mechanism was effective, and under its effect, the gold standard used to operate throughout Europe.

3. The gold standard was a success, because the value of gold remained the same, and this was the intention of the whole system in the first place.

4. This is not a defect of the gold standard, but its main outstanding merit.

5. We can conclude that the gold standard, if not abused, would not produce boom and bust cycles.

1.Use ** to stipulate the value represented by the currency, each currency unit has a legal gold content, and the currencies of various countries have a certain price comparison according to the weight of the ** they contain.

2.Gold coins can be minted freely, and anyone can give the gold bar to the National Mint to mint gold according to the gold content of the standard coin.

3.Gold coins are an infinite remedy of money with unlimited rights to a means of payment.

4.The currency reserves of each country are **, and international settlements are also used**, which can be freely exported and imported.

5.Since it can be freely transferred between countries, this ensures the relative stability of the foreign exchange market and the unification of the international financial market.