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Gold Bullion Standard
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
A gold standard
without redemption of currency in gold coin.
The gold bullion standard has the advantage of economizing in the
use of gold by keeping it from domestic circulation without preventing
its free international movement.
From
1934 to 1971, the U.S. had a restricted international gold bullion standard,
with domestic currency irredeemable in gold, but the dollar convertible
internationally into gold on an official accounts basis until closing
of the "gold window" by the U.S. in August, 1971.
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