precious metals

  1. A Measure of Wheat

    The Gold Standard

    On March 14, 1900, the Gold Standard Act was was ratified, which put the United States currency on the gold standard. The United States originally had established a silver standard and with the passage of the Coinage Act of 1792, legal tender status was given to both gold and silver. Many...
  2. Anomaly

    The First Discovery of Gold in California

    On March 9, 1842, six years before the start of the California Gold Rush, the first documented discovery of gold in California was made at Rancho San Francisco, in an area that is present-day Santa Clarita (not to be confused with present-day San Francisco). The actual documented date for the...