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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (7200)	2/3/1998 8:53:00 PM
From: CuriousGeorge	Respond to of 116768

The Pre-World War I Gold Standard econ161.berkeley.edu The gold standard was in its origins a very simple thing: governments and central banks all over the world declared that their currencies were as good as gold-show up with œ100 note, or a $100 bill, at the British Bank of England or the U.S. Treasury and the man behind the counter would give you a specified, fixed, unchanging quantity of gold: about 4.5 (troy) ounces in the case of the $100 bill, and about 22 (troy) ounces in the case of the œ100 pound note.