Word of the week Gold Certificate

 

Investopedia Definition

DEFINITION of ‘Gold Certificate’
A physical document resembling a paper bank note that entitles the holder to a specified value of gold. Because gold bullion is difficult to transfer and store, gold certificates facilitated the ownership and use of gold when it was legal currency. Gold certificates were in general circulation in the United States and used as money from 1882 to 1933.

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