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 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

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 United States gold policy
this entity surface form: Gold in the United States