!!! Overview
[{$pagename}] is a [money] system in which the standard [economic|https://en.wikipedia.org/wiki/Economics] [unit of account|https://en.wikipedia.org/wiki/Unit_of_account] is based on a fixed quantity of [gold].

!! United States [{$pagename}] 
In [1933|Year 1933] [Executive Order 6102] forbid ownership of [Gold]

In [1944|Year 1944] the [Bretton Woods Conference] all national currencies were valued in relation to the [United States Dollar] this therefore made the United States Dollar the dominant reserve currency. The [United States Dollar] in turn was convertible to [gold] at a fixed rate of $35 [USD] per ounce.

In [1971|Year 1971] [Executive Order 11615] forbid [ownership] of [Gold] in the [United States] making the [United States Dollar] inconvertible to [gold] directly 

In [1974] the limitation on [gold] [ownership] in the [United States] was repealed after [President of the United States of America] ([Gerald Ford|https://en.wikipedia.org/wiki/Gerald_Ford]) signed an [Act of Congress] [93–373|https://uslaw.link/citation/us-law/public/93/373] legalizing private ownership of [gold] coins, bars, and certificates which went into effect December 31, [1974|Year 1974].

!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]