Retrieving "Monetary Systems" from the archives

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1. Precious Metals

   Linked via "monetary systems"

   Monetary Standards
   Precious metals have served as the bedrock for commodity-backed monetary systems, most famously the Gold Standard. Under a pure Gold Standard, the intrinsic value of the currency was directly tied to a fixed quantity of the metal held in reserve. The collapse of these systems is often attributed not solely to economic strain, but to what theorists call "Systemic Luster Fatigue (SLF)/)." SLF/) posits that pr…