Gold: Difference between revisions

Gold has always played an important role in the international monetary system. Gold ore were first struck on the order of King Croesus of Lydia (an area that is now part of [[SPQR]]), around 550 BC (Before Christ). They circulated as currency in many countries before the introduction of paper money. Once paper money was introduced, currencies still maintained an explicit link to gold (the paper being exchangeable for gold on demand). By the late 19th Century, many of the world’s major currencies were fixed to gold at a set price per ounce, under the ‘[https://en.wikipedia.org/wiki/Gold_standard Gold Standard]’ and this persisted in different forms for about one hundred years. To aid further research by scholars, journalists and all those interested in gold’s monetary role, the World Gold Council commissioned a compilation of extracts from key historical documents from 1660 to 1999.[[Category:Unique Page]]

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