The Gold Standard

 .....Just having a proportion of gold backing paper money does not constitute a gold standard. It should not be necessary to explain what the „gold standard‟ is, the dictionary already does a fine job, but when the monetary language become as debased as the money itself (cause and effect?), it becomes necessary to clarify the matter under discussion......

The latest excellent issue of the "The Gold Standard" from the Gold Standard Institute......PDF available here