convertibility into gold

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• Gold standard — For other uses, see Gold standard (disambiguation). Under a gold standard, paper notes are convertible into pre set, fixed quantities of gold. The gold standard is a monetary system in which the standard economic unit of account is a fixed mass… …   Wikipedia

• gold standard — a monetary system with gold of specified weight and fineness as the unit of value. [1825 35, Amer.] * * * Monetary system in which the standard unit of currency is a fixed quantity of gold or is freely convertible into gold at a fixed price. The… …   Universalium

• Gold as an investment — Reserves of SDR, forex and gold in 2006 …   Wikipedia

• gold standard — noun Date: 1831 1. a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usually characterized by the coinage and circulation of gold, unrestricted convertibility of other money into gold …   New Collegiate Dictionary

• convertibility — noun the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction) • Ant: ↑inconvertibility • Derivationally related forms: ↑convertible • Hypernyms: ↑exchangeability,… …   Useful english dictionary

• Convertibility — is the quality that allows money or other financial instruments to be converted into other liquid stores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be… …   Wikipedia

• Gold — This article is about the metal. For the color, see Gold (color). For other uses, see Gold (disambiguation). platinum ← gold → mercury …   Wikipedia

• The Gold Vault of the FED of New York — The gold bullion in the Federal Reserve Bank of New York s vault is part of the monetary reserves of 36 foreign governments, central banks, and official international organizations around the world. It is stored in 122 separate compartments in… …   Wikipedia

• Currency Convertibility — The ease with which a country s currency can be converted into gold or another currency. Convertibility is extremely important for international commerce. When a currency in inconvertible, it poses a risk and barrier to trade with foreigners who… …   Investment dictionary

• Moscow gold — Northern façade of the building of the Bank of Spain in Madrid. Most of the gold reserves held inside until 1936 were sent to the Soviet Union during the Spanish Civil War. The term Moscow Gold (Spanish: Oro de Moscú), or alternatively, Gold of… …   Wikipedia

• History of the United States dollar — The history of the United States dollar covers more than 200 years.Early historyThe history of the dollar in North America pre dates US independence. Even before the Declaration of Independence, the Continental Congress had authorized the… …   Wikipedia