gold

Definition

A precious metal commodity that serves as a store of value and a medium of exchange. Gold has been used as a currency and as a way to stabilize the value of the U.S. dollar and other modern currencies.

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Related terms:

silver, lawful money, Maple Leaf, mint ratio, physical market, sector fund, specie, spot market, Bretton Woods agreement, inconvertible currency  and  

'gold' appears in these other terms:

goldilocks economy, golden boot, golden parachute, golden handshake, gold brick, golden handcuffs, paper gold

'gold' appears in the definitions of these other terms on BusinessDictionary.com:



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