India Gems & Jewellery Show
Gold standard is a fiscal system which links the value of a country's legal tender to gold. Under the terms of this standard, countries agree to convert currency into a certain amount of gold. A country following the gold standard decides a fixed price for gold based on various market conditions and buys and sells gold at that price. That price has a bearing on the value of the currency.
If all of the existing gold in the world was pulled into a 5 micron thick wire, it could wrap around the world 11.2 million times.