to convert paper money into gold

  • 1money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public …

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  • 2Gold standard — For other uses, see Gold standard (disambiguation). Under a gold standard, paper notes are convertible into pre set, fixed quantities of gold. The gold standard is a monetary system in which the standard economic unit of account is a fixed mass… …

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  • 3Money — For other uses, see Money (disambiguation). Coins and banknotes – the two most common physical forms of money …

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  • 4History of money — Numismatics Terminology Portal Currency …

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  • 5Gold mining in Alaska — Gold mining in Alaska, a state of the United States, has been a major industry and impetus for exploration and settlement since a few years after the United States acquired the territory from Russia. Russian explorers discovered placer gold in… …

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  • 6Money supply — Finance Financial markets Bond market …

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  • 7Historical money of Tibet — The use of historical money in Tibet started in ancient times, when Tibet had no coined currency of its own. Bartering was common, gold was a medium of exchange, and shell money and stone beads were used for very small purchases. A few coins from …

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  • 8Porcupine Gold Rush — An area involved in the Klondike Gold Rush was known as the Porcupine Mining District , but is unrelated. The Porcupine Gold Rush was a gold rush that took place in northern Ontario, Canada starting in 1909 and developing fully by 1911. A… …

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  • 9redeem — [ri dēm′] vt. [LME redemen < MFr redimer < L redimere < re(d) , back + emere, to get, buy < IE base * em , to take > Lith imù, OSlav imǫ, to take] 1. to buy back 2. to get back; recover, as by paying a fee 3. to pay off (a mortgage …

    English World dictionary

  • 10Digital gold currency — (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand. The typical unit of account… …

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