how exactly does the gold standard work?

Question by akfortyseven: how exactly does the gold standard work?
your total currency of a nation is backed by a commodity such as gold to ensure that you have an exact value and do not print paper money out of thin air, correct? But does this mean that nations with huge gold natural resource reserves or potential to find gold would be the richest in the world?

Best answer:

Answer by Mogollon DudeThe government would have to own those sources of say gold or else buy them from the company mining it . Now they could nationalize the gold within the country .

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Where does the money go when the stock market drops?

Question by It’s the hair: Where does the money go when the stock market drops?
I’ve always wondered but never really understood how the market goes up/down. I know it comes down to investors, so I can only assume when the market is up, investors have most of their money in the market. So on the other hand, when the market is down, investors have pulled out their money into their own accounts.

Does it work something like this, or am I way off?

Best answer:

Answer by BooksWhen the stock market drops, the money doesn’t “go” anywhere. It just disappears. If you own $ 1000 of XYZ stock and the value drops so your stock is now worth $ 500, the other $ 500 hasn’t gone anywhere. It just disappeared.
Same thing if you own $ 500 of ZYX stock and the value goes up so it’s now worth $ 1000. The money hasn’t come from anywhere, it’s just there. You didn’t get it from somebody else’s pocket, it’s just there.

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Whats the value of Monopoly money compared to real American money?

Question by cristinerivas: Whats the value of Monopoly money compared to real American money?
I all ready know that the monopoly money is worth alot less because it isnt recognized by any nations or anything, but exactly how much less? Is the $ 500 in Monopoly even equal to one U.S. dollar? I’m asking because I found like two old monopolys in the garage and I need some $ $ $ $ . Thanks.

Best answer:

Answer by Homer J. SimpsonTake the monopoly money to a local recycling center that recycles paper. Whatever they are willing to pay is how much the monopoly money is worth.

Aside from that, try selling the full monopoly set on ebay or at a yard sale.

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What is money and how it operated

What is money and how it operated

Article by Elliot Clark

What is money and how it operated – Finance – Banking

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As it was mentioned above, the Currency School treated commodity money (gold and silver), government paper money and banknotes as an undifferentiated mass of circulating money, thus their argument that the control over this circulating medium would suffice to ensure balance of payments equilibrium. Banknotes are considered to be a mere substitute of gold, and its quantity is determined exogenously by the amount of gold in the banking system. Following this line of reasoning we can draw the causality relation from quantity of credit money (banknotes) to prices. The definition of money supply given by the Currency School corresponded to the M0, the monetary base of notes and coins.

The Banking School on the other side contended that commodity money was greatly different from banknotes which were subject to the law of reflux and thus destroyed when debts are repaid. Banknotes varied according to the . . . → Read More: What is money and how it operated

A Brief History of the Dollar and Where to Go From Here

A Brief History of the Dollar and Where to Go From Here

Article by Danny Ha

A Brief History of the Dollar and Where to Go From Here – Finance

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Have you ever wondered about the changes in the American currency system that have occurred over the past one hundred years? In the past our ancestors used to carry actual gold and silver coins with them for everyday transactions and when they weren’t carrying those they often had bills like silver certificates that were essentially promises by the government to give you silver upon presentation of the note.

So what changed and when? There have been a series of changes that have led us from the “hard money” days of old to modern times where we carry coins made of copper and zinc as well as paper money that is not redeemable for any of the precious metals. In fact it can only be exchanged for other bills of the same type.

The United States dollar’s link to gold broke . . . → Read More: A Brief History of the Dollar and Where to Go From Here

In 1803 era,what would have the equivalent of $20 have been in todays money?

Question by ourgreenacre1: In 1803 era,what would have the equivalent of have been in todays money?
Doing a research paper on Lewis and Clark. Lewis paid $ 20 for his dog which was a lot of money for that time. How could I determine how much that $ 20 would be worth in todays money? Or does anyone know where to reference what the price of other items would have been in the 1803 time era?
I’m trying to get a perspective of how different the prices/value of money were back then as opposed to now. Thanks. History buffs? Any opinions?

Best answer:

Answer by Coconuts$ 516.40

In that ERA, 1 dollar was $ 25.82

$ 25.82 x 20 = $ 516.40

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does anyone think any of these items may be of any value or historicaly significant? ?

Question by ROB F: does anyone think any of these items may be of any value or historicaly significant? ?
i have found the following items and more. i need ideas of what to maybe do with them. anyone have any ideas? they are as follows:
a 1885 family bible with the familys marriage records for quite a few generations.
a 1978 texas newspaper clipping about John Waynes surgery where his stomach (because of cancer) had been removed.
1943-1946 newspapers covering WW2 that came from bases overseas, some are stars and stripes papers.
World War 2 war ration books full of ration stamps.
an old railway bank money bag.
railroad train operators handbooks from the 1930s.
G. I. Joe card game.
World War 2 various documents and papers, some are german weapons to be released to a U.S. soldier.
a 1896 check like promise to pay certificate, looks like a personal check.
I have more things I would like to find info about, but if anyone can help with these, it would be greatly apreciated.
thanks
no guns, just the documents of release of them.

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Know the really worth of your coins and paper cash with Treasure Hunters Roadshow

Know the really worth of your coins and paper cash with Treasure Hunters Roadshow

Article by Angie Bochio

Treasure Hunters Roadshow journeys worldwide in research of aged collectibles and antiques and offers cash in return for them. The organization organizes numerous occasions in the United States, Canada and Europe every single year to acquire scarce and unusual goods. The event is open for every person who wishes to have their collectibles examined by the gurus.

Treasure Hunters Roadshow is an entertaining occasion exactly where people can stumble upon products which they have in all probability by no means witnessed in their life span. The objects in desire at the event consist of silver, gold, outdated coins and paper income, classic toys, vintage musical instruments, sports memorabilia and anything at all that is scarce and uncommon. The corporation specializes in the collectible coin and paper money industry and has connections with a lot of collectors all across the globe who are inclined to pay out best bucks for selective uncommon items. Uncommon and abnormal coins and paper money are in great need amongst the . . . → Read More: Know the really worth of your coins and paper cash with Treasure Hunters Roadshow

value 1936 paper money $ 2?

Question by lovie7596: value 1936 paper money $ 2?
I have 6 Good condishion $ 2 dollor bills How much can i get . 1 $ 5 dollor bill good condishon 1933 blue seal .. 12 $ 1 dollor bills most in good some in med condishon

Best answer:

Answer by Scott StevensonWithout knowing more it’s impossible to give you an exact value, but most small-sized US currency (IOW anything issued since 1928) isn’t worth a whole lot over face value unless the bill has almost no sign of wear, or there is something unusual about the bill

If the $ 2 bills are in “typical” condition, you might get somewhere between $ 3-$ 10 each depending on the year, signature combination, and exactly how nice the bills are. The $ 1 bills are probably worth $ 1.50-$ 5.

You might want to check the date on the $ 5, since there weren’t any 1933 dated $ 5 bills printed (they started printing $ 5 silver certificates in 1934, and Series 1934 . . . → Read More: value 1936 paper money $ 2?

100 Sequential Bills; Worth keeping or cashing in?

Question by Patrick: 100 Sequential Bills; Worth keeping or cashing in?
This year for my birthday my grandmother got me two wads of $ 1 dollar bills instead of the same old boring check. Each “wad” has 100 bills in sequential serial numbers. the one set is a xxxxxxxxxx001 series. My question is should I keep them for inflation? Will they be worth more later? I collect coins, but not so much paper money. My research says that they are worth a bit more than face value as is. Any thoughts? Thanks!

Best answer:

Answer by EL DIABLOSpend the money, put it in the bank, or trade it for 2 $ 100′s. Most of the $ 1 that you get from the bank (if you ask for that amount) will be new bills. Where I work we get a few thousand $ 1 a week and most of them are new bills in order.

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Paper Money