What Is The Gold Standard? – White Paper

What Is The Gold Standard? by Sprott Money

What is "the gold standard?" Many readers would consider this a simple question and perhaps even an obsolete one. It is for precisely this reason that a mere definition is inadequate as an answer. A definition conveys no understanding and thus does nothing to eliminate the many misconceptions surrounding this concept.

In order to provide sufficient context so that the definition provides meaning to readers, it is necessary to explore several, tangential subjects. As such, this discussion will contain:

• A brief review of the abolition of our gold standard.
• An examination (and assessment) of the criticisms of the gold standard, past and present.
• An examination of the monetary system that resulted from the...
  

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