In Gold We Trust
Why? Because in 1905, this
US $20 Gold Certificate
The inscription on the US $20 gold certificate read, "This certifies that there have been deposited in the Treasury of The United States of America twenty dollars in gold coin payable to the bearer on demand." A Double Eagle as shown below was the gold coin to which the inscription referred.
was backed by this
US Double Eagle
A Double Eagle weighed 1.176 ounces and contained .96750 ounce of pure gold.
Today we have this
Click the Federal Reserve Note