United States gold policy

E159785

United States gold policy encompasses the historical and legal framework governing the nation’s use of gold in its monetary system, including the shift from the gold standard to a fiat currency and the regulation of gold ownership and reserves.

All labels observed (3)

How this entity was disambiguated

Statements (58)

Predicate Object
instanceOf legal framework ⓘ
monetary policy framework ⓘ
administeredBy Board of Governors of the Federal Reserve System ⓘ
United States Department of the Treasury ⓘ
allowedPrivateGoldOwnershipFrom 1975-01-01 ⓘ
appliesTo United States ⓘ
codifiedBy Act of 1974 legalizing private gold ownership ⓘ
Bretton Woods Agreements Act of 1945 ⓘ
Coinage Act of 1792 ⓘ
Emergency Banking Act of 1933 ⓘ
Executive Order 6102 ⓘ
Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act

Gold Standard Act of 1900 ⓘ
Monetary Control Act of 1980 ⓘ
Par Value Modification Act of 1972 ⓘ
Par Value Modification Act of 1973 ⓘ
concerns gold ⓘ
gold ownership ⓘ
gold reserves ⓘ
monetary system ⓘ
currentStatus US dollar not redeemable in gold ⓘ
gold held primarily as reserve and investment asset ⓘ
definesLegalTenderGoldCoins American Gold Buffalo ⓘ
American Gold Eagle ⓘ
American Liberty gold coins ⓘ
definesRoleOf gold as legal tender coinage ⓘ
gold as monetary reserve asset ⓘ
gold as private investment asset ⓘ
endedDomesticConvertibilityOn 1933-03-06 ⓘ
endedOfficialDollarGoldConvertibilityOn 1971-08-15 ⓘ
endedPrivateGoldCoinRedemptionBy Gold Reserve Act of 1934 ⓘ
linked to: Gold Reserve Act
establishedGoldPrice 35 US dollars per troy ounce in 1934 ⓘ
event Nixon Shock ⓘ
linked to: Nixon shock

suspension of dollar convertibility into gold for foreign official holders ⓘ
hasHistoricalPhase Bretton Woods gold–exchange standard era ⓘ
bimetallic standard era ⓘ
classical gold standard era ⓘ
interwar gold standard era ⓘ
post-gold-standard fiat currency era ⓘ
involvesInstitution Bank for International Settlements ⓘ
Federal Reserve Banks ⓘ
International Monetary Fund ⓘ
United States Mint ⓘ
maintainsOfficialBookValue 42.2222 US dollars per troy ounce ⓘ
objective management of official gold reserves ⓘ
stability of the US dollar without gold convertibility ⓘ
prohibitedPrivateGoldOwnershipFrom 1933 ⓘ
prohibitedPrivateGoldOwnershipUntil 1974 ⓘ
requiresGoldReservesToBeHeldAt Denver Mint ⓘ
Fort Knox ⓘ
West Point Bullion Depository ⓘ
linked to: West Point Mint
revaluedGoldPrice 38 US dollars per troy ounce in 1972 ⓘ
42.22 US dollars per troy ounce in 1973 ⓘ
separates gold ownership from legal tender status of the dollar ⓘ
subjectTo congressional oversight ⓘ
international monetary agreements ⓘ
transitionedFrom gold standard ⓘ
transitionedTo fiat currency system ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Gold Reserve Act → relatedTo → United States gold policy ⓘ
Very → certification → Gold in the United States ⓘ
linked to: United States gold policy
The Case for Gold → basedOn → Minority report of the U.S. Gold Commission ⓘ
linked to: United States gold policy