Live Metal Prices
Purity Grams Oz Troy Oz
9 carat £--.-- £--.-- £--.--
18 carat £--.-- £--.-- £--.--
22 carat £--.-- £--.-- £--.--
Purity Grams Oz Troy Oz
500 £--.-- £--.-- £--.--
925 £--.-- £--.-- £--.--
999 £--.-- £--.-- £--.--
Purity Grams Oz Troy Oz
900 £--.-- £--.-- £--.--
950 £--.-- £--.-- £--.--
999 £--.-- £--.-- £--.--
Purity Grams Oz Troy Oz
900 £--.-- £--.-- £--.--
950 £--.-- £--.-- £--.--
999 £--.-- £--.-- £--.--

Last updated: 02/09/2015 19:54:12

Common gold questions

When did the gold standard end?

Since the end of the Gold Standard in 1971, the United States has operated on a fiat currency, which is not backed by any precious metal or other commodity.

The end of the United States Gold Standard began in 1933 when President Franklin D.Roosevelt declared private ownership of gold to be illegal, except in the case of jewelry.

The Bretton Woods System, however, allowed foreign governments to continue to sell their gold to the United States Treasury at a price of $35 per troy ounce from it's inception in 1946 until President Richard Nixon ended the program in 1971, thus enabling gold to be traded at fluctuating market prices rather than the fixed price of $35 per troy ounce. This marked the end of the Gold Standard on a global level as no major economic system has employed the Gold Standard since that time.

Since the end of the Gold Standard in 1971, the United States has operated on a fiat currency, which is not backed by any precious metal or other commodity. This form of commerce allows for fluctuations in the global currency market that were not possible under the Gold Standard. Since the Gold Standard established a set amount of gold that could be purchased with a country's currency, it also set the value of that currency. By ending the Gold Standard, it opened the way for free markets.

Related Pages:

Read more common gold questions.

"About the best prices we were able to obtain were at Gold-Traders (UK)"
the guardian
"..the trick with these sites is finding one that will give you a quote in advance - this is where Gold Traders stands out from many competitors."
the telegraph

How Valuable Are You?

Are You Worth Your Weight in Gold?

Find out more

How Old is Your Gold?

Use our Hallmark Identification Wizard.

More info

What is Your Gold Worth?

Get the real value of your gold.

Click here

Secure and Trusted

Gold-Traders rated 4.8 / 5 based on 327 Gold-Traders reviews.

top rated

Get in Touch

0800 327 7878

Social

Share This Page