Good to have you here Workerbee.
All drinks are on the house!
I registered but messed up my e-mail addy.
Waiting for a e-mail so I can finish the registration.
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold coin. Under the gold standard, banknote issuers engage to redeem notes, upon demand, in that amount of gold coin. The gold standard is not currently used by any government or central bank, having been replaced completely by fiat currency. However, private currency, backed by gold, is in use.