Gold Standard is a monetary standard under which the basic unit of currency (i.e. 1dollar, 1pound) is equal in value to a specified amount of gold. The Gold Standard was abandoned in 1971 under US President Nixon. See links below to asses the end of Gold Standard impact. | Inflation - China | | Inflation - Euro Zone | | Inflation - New Zealand | | Inflation - United Kingdom | | Inflation - United States | www.aboutinflation.com most visited pages | Interest Rate - Australia |
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