Gold’s Role as Money and the Gold Standard The history of gold is long connected with money, but gold relinquished this role in developed economies after the outbreak of the Second World War. At the end of the war, the Bretton Woods monetary gold schlager, a regime of fixed exchange rates, was created. References to the Gold Standard often refer to two key periods in history: that of the Classical Gold Standard and that of the post Bretton Woods gold-pegged exchange rate system. Domestic currencies were freely convertible into gold at the fixed price and there was no restriction on the import or export of gold.
The design for it was drawn up at the Bretton Woods Conference in the US in 1944. US political and economic dominance necessitated the dollar being at the centre of the system. For this reason, many cultures have imagined gold to represent the sun. Yellow gold is still the most popular colour, but today gold is available in a diverse palette. Receive the newest data and research in your inbox Helping you stay informed about the gold industry’s latest news and updates. Save the values of the calculator to a cookie on your computer.
Note: Please wait 60 seconds for updates to the calculators to apply. Display the values of the calculator in page header for quick reference. The Holdings Calculator permits you to calculate the current value of your gold and silver. Enter a number Amount in the left text field. Select Ounce, Gram or Kilogram for the weight. NOTE: You must select a currency for gold first, even if you don’t enter a value for gold holdings. If you wish to select a currency other than USD for the Silver holdings calculator.
The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown. Future Value per unit of weight chosen. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator.
Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. ORGprovides you with fast loading charts of the current gold price per ounce, gram and kilogram in 160 major currencies. Live Spot Gold and Spot Silver in Euro, Yen, AUD, CAD, GBP and CHF. 30 and 60 days, 6 months, 1 year. 2 years, 5 years, 10 years. How much is your gold worth?
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Learn about the best places to sell your silver bullion online. Barrick Gold: A Rising Tide Lifts All Boats. Lyn Alden provides compelling details for Barrick Gold’s fundamentals and balance sheet. How high will this push Barrick Gold?