(1) Gold can be freely cast, freely convertible and freely input and output;
(2) The international monetary system is unified, because most countries adopt different principles and measures on functions of money. At the same time, because the formation of this gold standard system has not drawn up the rules that all countries should abide by under the leadership and supervision of a public international organization, this international system is loose. Before the first world war, capitalist countries generally established the gold standard system; After World War I, the gold standard collapsed and was replaced by the gold exchange standard. The gold exchange standard is a virtual gold standard.
Gold coin standard is a monetary system with gold as the monetary metal. It was a common monetary system in capitalist countries from the end of 19 to the first half of the 20th century. 18 16, Britain promulgated the (gold standard act) and began to implement the gold standard system, which promoted the transformation of gold into the world currency. Subsequently, Germany announced the implementation of the gold standard in 187 1, and countries such as Denmark, Sweden and Norway also implemented the gold standard in 1873. By the end of 19, this monetary system has been widely implemented in capitalist countries.
The main contents of the gold coin standard system include:
(1) Use gold to specify the value represented by money, each currency has a legal gold content, and currencies of various countries have a certain price according to the weight of gold contained;
(2) Gold coins can be freely cast, and anyone can freely give gold bars to the National Mint to be cast into gold coins according to the legal gold content, or exchange gold coins from the Mint for equivalent gold bars;
(3) Gold coins are currencies with unlimited legal compensation and the right to unlimited means of payment;
The currency reserves of all countries are gold, which is also used in international settlement, and gold can be imported and exported freely. From these contents, we can see that the gold coin system has three characteristics: free casting, free exchange and free import and export. Because gold coins can be freely minted, the face value of gold coins can be consistent with the value of gold they contain, and the number of gold coins can meet the needs of circulation spontaneously, thus giving play to the role of money supply and demand, and inflation and currency depreciation will not occur. Because gold can be freely transferred between countries, which ensures the relative stability of the foreign exchange market and the unification of the international financial market, the gold coin standard system is a relatively sound and stable monetary system.