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16y ago

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What is the value of the US dollar if you have no gold to back it up?

the thing is, is that the amount of gold on earth never changes. and why they want to fuxuate the value of the dollar based on gold(which is a fixed amount) is beyond me...


How many 1 penny weight of gold is in us dollar?

The value of the US dollar is not based on gold. However at today's gold prices, one dollar will buy about 0.011 pennyweights of gold.


What is the Value of an 1894 US gold dollar?

The US did not make a gold dollar in 1894. They stopped production of the gold $1 coin in 1889.


What weight is a 1924 gold dollar?

Sorry NO 1924 gold US dollar coins.


How much is 1912 US half dollar gold coin worth?

The US has never made a gold half dollar.


What is the value of a fifty dollar 1940 US gold coin?

There was no fifty dollar US gold coin produced in 1940.


What backs the US dollar?

Gold.


Is there 200000 US dollar gold?

no


Can you take a gold 100 dollar bill to the bank and get change?

In the US there are no gold dollar bills.


How much gold is in a us ten dollar gold coin?

0.48375 troy ounces (in a real gold dollar from the 1850s)


How much is a 1900 gold dollar worth?

Sorry, NO US one dollar gold dated 1900


What does gold have to do with the US dollar?

America itself have a ton of gold locked up a dollar bill is not a dollar but a paper note (like a IOU) lets say if you added up all the US bill in the world together and have a made up number of 50 trillion dollar and if US has 50 trillion pound of gold than your dollor bill would be worth exactly 1 pound of gold in the vault, BUT you cannot go and take the gold out. on the back of the dollar bill it says "In God We Trust" which means that you trust God that America will safe keep your portion of the gold, the meaning of it is not exact but it reference to it. It also has other meaning such as God has favored the US. if more bills get printed the weaker the dollar bill gets and the more gold US has the stronger the dollar bill gets. Gold is the universal currency