Posted by ROSHAN B.S on Aug. 24, 2014, 5:30 p.m.
The last gold certificate and gold coincurrencies were issued in the U.S. in 1932. In Europe, most countries left the gold standard with the start of World War I in 1914 and, with huge war debts, did not return to gold as a medium of exchange. The value of gold is rooted in its medium rarity, easily handling, easy smelting, non-corrosiveness, distinct color and non-reactiveness to other elements; qualities most other metals lack.