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 (2)

Label Occurrences
Gold in the United States 1
United States gold policy canonical 1

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 (2)

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