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• August 5, 2025

  Good as gold? A simple explanation of the gold standard

  By: Graham Iddon

  
  

  

  In an ideal gold standard monetary system, every piece of paper currency represents an amount of gold held by an authority. But in practice, the gold standard system’s rules were extremely and repeatedly bent in the face of economic realities.

  Content type(s): Blog posts Subject(s): Business, Economics, Financial literacy, History Grade level(s): Grade 03, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5