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FREE GOLD MARKET [3 records]

Record 1 2015-03-03

English

Subject field(s)
  • Currency and Foreign Exchange
  • National and International Economics
OBS

A 1968 agreement... froze the gold in the official reserves of individual nations... Under the agreement, two gold markets were established. One, the official gold market, would continue to price gold at thirty-five dollars an ounce in transactions between central banks and international monetary institutions; the other, the free market, would operate at supply and demand prices, with gold seeking its own level... The need for such an agreement came to an end in 1971...

Key term(s)
  • two tier gold price
  • two tier gold system

French

Domaine(s)
  • Politique monétaire et marché des changes
  • Économie nationale et internationale

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
  • Economía nacional e internacional
DEF

Sistema monetario internacional propuesto en 1967 en el cual existían dos mercados para el oro: el mercado oficial de 35 dólares la onza, y reservado a las transacciones oficiales entre bancos centrales; y el mercado libre al que acudirían el resto de oferentes y demandantes. Desapareció en noviembre de 1973.

Save record 1

Record 2 1991-10-24

English

Subject field(s)
  • Stock Exchange
  • Investment
CONT

Taking delivery of gold may be carried out free of charge in the clearing member's own account with Mocatta or, upon proper notification of the E. G. C. C. [European Gold Options Clearing Corporation] in another account with a full member of the London gold market. Local delivery of gold to a clearing member in Canada may be accomplished by using a gold dealer as an agent and instructing it to transfer the delivered gold.

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

Il est possible de prendre livraison de l'or franco de frais au compte même que le membre de la compagnie de compensation a auprès de Mocatta ou suivant un avis régulier donné à l'E.G.C.C. à un autre compte auprès d'un membre de plein droit du marché de l'or de Londres. La livraison de l'or sur place à un membre de la compagnie de compensation au Canada peut être effectuée par l'entremise d'un négociant en or qui, à titre d'agent, transfère l'or selon les instructions.

Spanish

Save record 2

Record 3 1981-01-22

English

Subject field(s)
  • Currency and Foreign Exchange
OBS

They suspended all gold payments from official central banks to the free market.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Save record 3

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