Metals Notes

Gold’s Relationship to the US Dollar

Gold has always held intrinsic value and, since ancient times, has been revered for its beauty, association with the divine, and as a representation of wealth and status. Gold coins were among the first currency in ancient times. Because gold’s value is universally accepted, its use as currency eventually became standardized. In 1816, Britain officially adopted a gold standard. Then in the 1870s, gold became the the international standard for valuing currency. Read more