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What is the difference between the gold standard and the silver standard?
The difference between the gold standard and the silver standard is as follows:

1, the content is different.

The gold standard system uses gold to specify the value represented by the issued currency, each monetary unit has a legal gold content, and currencies of various countries form a certain price relationship according to the weight of the gold contained;

Silver coins based on silver can be freely cast, and anyone can freely give silver bricks to the National Mint to be cast into silver coins according to the legal silver content, or exchange silver coins from the Mint for equivalent silver bricks;

2. Different influences

Under the gold standard system, the internal value and external value of currencies in various countries are basically the same, the exchange rates between currencies are relatively stable, and the exchange rate system has a relatively solid foundation. However, after the circulation of banknotes in various countries, the process of determining the exchange rate becomes complicated. The change of supply and demand caused by balance of payments and inflation plays a decisive role in the exchange rate, thus affecting the exchange rate system and international monetary and financial relations.

The silver standard system has opened the door for currency devaluation and inflation policy in various countries.

3. Different in nature

A monetary system with silver as the standard currency. In the evolution of monetary system, the history of silver standard is earlier than that of gold standard. The operating principle of the silver standard system is similar to that of the gold standard system, and the main difference is that silver is the bookkeeping base currency. Silver coins have unlimited legal compensation ability, and their nominal value is consistent with the actual value of silver. The silver standard is divided into silver standard and silver coin standard.

Baidu Encyclopedia-Gold Standard

Baidu Encyclopedia-Yinbiao