Sentence examples for backing for currency from inspiring English sources

Pure gold has virtually no industrial uses other than as a backing for currency.

In an eloquent attack on the thesis that gold was the only sound backing for currency, Bryan closed with the peroration, "You shall not press down on the brow of labor this crown of thorns, you shall not crucify mankind on a cross of gold".

While many argue that fiat currencies have no value, except for the psychological belief that the currency will buy goods, gold also fluctuates dramatically in value and in public perception and therefore may not be ideal for backing a currency.

Pretty good backing for a currency.

Preliminaries to the Revolution were occurring, and the new government turned to the church's wealth, which it confiscated as a direct backing for its currency.

There were also political fights over central banking and over the backing for the currency (gold, silver or just paper).The author does an excellent job of putting these crises in a wider context.

Many of the pieces quickly vanished into bank vaults for use as backing for paper currency redeemable in silver coin, known as silver certificates.

He also set four new conditions for backing the single currency: there should be an "economic government" to watch over the supposedly-independent European Central Bank; there should be a growth pact to stimulate employment; the euro should not be overvalued against the dollar; and Italy and Spain must be in the first wave.

Gold began to serve as backing for paper-currency systems when they became widespread in the 19th century, and from the 1870s until World War I the gold standard was the basis for the world's currencies.

At just 27, she is already a well-known figure on the gold bullion scene in London; she hosts her own show on Youtube, "Get Real", where she regularly discusses the implications for a gold backed crypto currency with her guests, drawn from hedge funds and trading desks, alongside other investment related topics.

We take standardized paper dollars for granted; yet the law providing for a common nationally backed paper currency passed only in 1863 -- narrowly.