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LSDefine

Simple English definitions for legal terms

gold standard

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A quick definition of gold standard:

A gold standard is a system where money can be exchanged for gold or gold coins. The United States used to have a gold standard from 1900 to 1934, but now we use a different system called a paper standard.

A more thorough explanation:

The gold standard is a monetary system where a country's currency is backed by gold or gold coins. This means that the currency can be exchanged for its equivalent value in gold. For example, if a country's currency is backed by gold, then a person can exchange their paper money for gold coins of the same value.

The United States used the gold standard from 1900 to 1934. During this time, people could exchange their paper money for gold coins at a fixed rate. However, the gold standard was abandoned in 1934 due to economic reasons.

Another example of the gold standard is when a person invests in gold. They are essentially buying a physical asset that has a certain value. The value of gold is determined by the market demand and supply, and it can fluctuate over time.

The gold standard is a way to ensure that a country's currency has a stable value. It provides a fixed exchange rate between the currency and gold, which can help prevent inflation and other economic problems. However, it also has its drawbacks, such as limiting a country's ability to print more money and potentially causing deflation.

goldsmiths' notes | good

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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