The gold standard fixed currency value to a set gold amount, limiting inflation by tying the money supply to gold reserves. The U.S. abandoned the gold standard in 1971 under Nixon, shifting to ...

The gold standard fixes the value of a nation’s currency to a particular weight of gold as a means of controlling the amount of money in circulation and achieving price stability. The gold ...

Weighing as much as three and a half standard coins, the two-square-inch slabs cost as much as a high-mileage used car. The ...