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
This entity first appeared as the object of triple T1387996 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: United States gold policy Context triple: [Gold Reserve Act, relatedTo, United States gold policy]
-
A.
Gold Reserve Act
The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.
-
B.
Bland–Allison Act
The Bland–Allison Act was an 1878 U.S. law that required the federal government to purchase and coin a limited amount of silver each month, partially restoring bimetallism after the “Crime of 1873.”
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C.
Coinage Act of 1873
The Coinage Act of 1873 was a U.S. federal law that effectively ended the minting of standard silver dollars, placing the nation firmly on the gold standard and sparking the later "Free Silver" political movement.
-
D.
the Sherman Silver Purchase Act of 1890
The Sherman Silver Purchase Act of 1890 was a U.S. law that greatly increased federal purchases of silver, expanding the money supply and contributing to financial instability in the early 1890s.
-
E.
Bimetallism
Bimetallism is an economic and monetary system in which a country’s currency value is based on fixed legal ratios of both gold and silver.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: United States gold policy Target entity description: 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.
-
A.
Gold Reserve Act
The Gold Reserve Act was a 1934 U.S. federal law that nationalized gold holdings, devalued the dollar, and centralized control of the nation’s gold in the U.S. Treasury to stabilize the economy during the Great Depression.
-
B.
Bland–Allison Act
The Bland–Allison Act was an 1878 U.S. law that required the federal government to purchase and coin a limited amount of silver each month, partially restoring bimetallism after the “Crime of 1873.”
-
C.
Coinage Act of 1873
The Coinage Act of 1873 was a U.S. federal law that effectively ended the minting of standard silver dollars, placing the nation firmly on the gold standard and sparking the later "Free Silver" political movement.
-
D.
the Sherman Silver Purchase Act of 1890
The Sherman Silver Purchase Act of 1890 was a U.S. law that greatly increased federal purchases of silver, expanding the money supply and contributing to financial instability in the early 1890s.
-
E.
Bimetallism
Bimetallism is an economic and monetary system in which a country’s currency value is based on fixed legal ratios of both gold and silver.
- F. None of above. chosen
Statements (58)
| Predicate | Object |
|---|---|
| instanceOf |
legal framework
ⓘ
monetary policy framework ⓘ |
| administeredBy |
Federal Reserve Board of Governors
ⓘ
surface form:
Board of Governors of the Federal Reserve System
United States Department of the Treasury ⓘ |
| allowedPrivateGoldOwnershipFrom | 1975-01-01 ⓘ |
| appliesTo |
United States of America
ⓘ
surface form:
United States
|
| codifiedBy |
Act of 1974 legalizing private gold ownership
ⓘ
Articles of Agreement of the International Monetary Fund ⓘ
surface form:
Bretton Woods Agreements Act of 1945
Coinage Act of 1792 ⓘ Emergency Banking Act ⓘ
surface form:
Emergency Banking Act of 1933
Executive Order 6102 ⓘ Gold Reserve Act ⓘ
surface form:
Gold Reserve Act of 1934
Gold Standard Act of 1900 ⓘ Depository Institutions Deregulation and Monetary Control Act ⓘ
surface form:
Monetary Control Act of 1980
Par Value Modification Act of 1972 ⓘ Par Value Modification Act of 1972 ⓘ
surface form:
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 Buffalo gold bullion coins
ⓘ
surface form:
American Gold Buffalo
American Gold Eagle ⓘ United States bullion coins ⓘ
surface form:
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
ⓘ
surface form:
Gold Reserve Act of 1934
|
| establishedGoldPrice | 35 US dollars per troy ounce in 1934 ⓘ |
| event |
Nixon shock
ⓘ
surface form:
Nixon Shock
suspension of dollar convertibility into gold for foreign official holders ⓘ |
| hasHistoricalPhase |
Bretton Woods system
ⓘ
surface form:
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
ⓘ
United States Bullion Depository at Fort Knox ⓘ
surface form:
Fort Knox
West Point Mint ⓘ
surface form:
West Point Bullion Depository
|
| 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
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: United States gold policy Description of subject: 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.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.