It calmed markets, and Britain s departure from the gold standard freed monetary policy from its previous constraints, and allowed a monetary stabilization.

Recently, the government of India purchased 200 tons of gold from the International Monetary Fund.

Six years later, in April 1925, Britain confirmed its monetary credibility and returned to the gold standard.

This was the case under the gold based monetary regimes such as the Gold Standard of the nineteenth century, and it is the case today for countries that have relinquished their monetary autonomy, such as the members of the eurozone.

Once a country eliminated convertibility into gold, it was free to pursue monetary expansion, and deflation tended to end.

And gold buyers include not just individuals, but also sophisticated institutions and sovereign wealth funds. Recently, the government of India purchased 200 tons of gold from the International Monetary Fund.

The gold standard rules look very different from the modern practice of monetary union, which relies on a single uniform interest rate.

Although the resulting outflow of gold caused monetary debasement in the Roman Empire, Indo Roman trade remained the backbone of the global economy.

But you had the same thing with the Gold Rush. Gold. Gold. Gold.

Prominent policymakers, desperate for alternatives to America s malfunctioning monetary system, have gone so far as to allude to a return to the gold standard.

It has 100 gold here, 90 gold here, 810 gold here.

With gold, Mr Lonergan. With gold.

But you had the same thing with the Gold Rush. Gold. Gold.

The Gold Bubble and the Gold Bugs

There's gold in California, fields of gold.

But not in gold. Not in gold?

Gold

Gold

Gold

gold

Gold,

Gold?

Gold?

Gold?

Gold!

Gold.

Gold?

But gold is honourable... and Aurens promised gold.

Our ancestors would use gold, would trade with gold.

LONDON The European Monetary Union, as many of its critics maintain, looks a lot like the pre 1913 gold standard, which imposed fixed exchange rates on extremely diverse economies.

Monetary Mystification

Monetary unit

10,000 Gold?

Man gold

Woman gold

Cloud Gold

Gold Mine

Ugandan gold

Gold Bars

Gold Mesh

Forgotten Gold

Gold Braid

Snowing Gold

Gold Sandwich

Easy Gold