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    Presentation On Gold Bullion Standard: Sanzida Begum Id: 17-002

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    Sanzida Begum
    Sanzida Begum presented on the gold bullion standard. The standard prohibits the circulation of gold coins but allows international transactions in gold and maintains a gold bullion reserve to support the currency. Key features include no gold coin circulation, no coinage of gold, paper currency not fully backed by gold reserves but still convertible to gold, and the ability to freely import and export gold. Advantages are economy in gold use, elasticity, proper public use of gold, and stability in currency value. Disadvantages include inherent lack of liquidity, potential for abrupt price rises from gold supply increases, lesser public confidence, and lack of self-regulation.

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    Presentation On Gold Bullion Standard: Sanzida Begum Id: 17-002

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    Sanzida Begum
    142 views6 pages
    Sanzida Begum presented on the gold bullion standard. The standard prohibits the circulation of gold coins but allows international transactions in gold and maintains a gold bullion reserve to support the currency. Key features include no gold coin circulation, no coinage of gold, paper currency not fully backed by gold reserves but still convertible to gold, and the ability to freely import and export gold. Advantages are economy in gold use, elasticity, proper public use of gold, and stability in currency value. Disadvantages include inherent lack of liquidity, potential for abrupt price rises from gold supply increases, lesser public confidence, and lack of self-regulation.

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    Gold bullion era of trade

    Original Title

    Gold bullion standard

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    Sanzida Begum presented on the gold bullion standard. The standard prohibits the circulation of gold coins but allows international transactions in gold and maintains a gold bullion reserve to support the currency. Key features include no gold coin circulation, no coinage of gold, paper currency not fully backed by gold reserves but still convertible to gold, and the ability to freely import and export gold. Advantages are economy in gold use, elasticity, proper public use of gold, and stability in currency value. Disadvantages include inherent lack of liquidity, potential for abrupt price rises from gold supply increases, lesser public confidence, and lack of self-regulation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    142 views6 pages

    Presentation On Gold Bullion Standard: Sanzida Begum Id: 17-002

    Uploaded by

    Sanzida Begum
    Sanzida Begum presented on the gold bullion standard. The standard prohibits the circulation of gold coins but allows international transactions in gold and maintains a gold bullion reserve to support the currency. Key features include no gold coin circulation, no coinage of gold, paper currency not fully backed by gold reserves but still convertible to gold, and the ability to freely import and export gold. Advantages are economy in gold use, elasticity, proper public use of gold, and stability in currency value. Disadvantages include inherent lack of liquidity, potential for abrupt price rises from gold supply increases, lesser public confidence, and lack of self-regulation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    PRESENTATION ON

    GOLD BULLION STANDARD


    Sanzida Begum
    Id: 17-002

    Gold Bullion Standard

    A gold standard under which the


    coinage and circulation of gold is usually
    prohibited but the shipment of gold in
    international transactions is permitted
    and a gold bullion reserve is maintained
    as a support for the currency.

    Features of the Gold Bullion standard


    1. There is no circulation of gold coins.
    2. Coinage of gold is not permitted.
    3. Paper currency notes are not fully backed by gold

    reserves. Yet, the government recognizes


    convertibility of notes into gold.
    4. The monetary authority undertakes the sale and
    purchase of gold at fixed prices.
    5. Import and export of gold are fully and freely
    allowed.

    Advantages

    Economy in the use of gold


    Imparts elasticity to monetary system
    Proper use of gold in public interest
    Stability in the external value of currency
    Automaticity of its working

    Disadvantages
    Inherent lack of liquidity
    Unusual increase in the supply of gold cause prices
    to rise abruptly
    Lesser public confidence
    Not self-regulating

    Thank you..

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