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What Is a Gold Certificate? Understanding Gold Certificates

A gold certificate proves ownership of a specific amount of gold and was issued as U.S. currency equivalents until 1934 when the U.S. abandoned the gold standard. Gold certificates can still be purchased as proof of ownership of gold stored by a bank and resemble paper banknotes from the same period. Some banks and investment companies still issue gold certificates today, but it is important to note that they can be risky investments. 105f

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