Premise: Gold . As a precious metal , gold has been used for coinage , jewelry , and other arts throughout recorded history . In the past , a gold standard was often implemented as a monetary policy , but gold coins ceased to be minted as a circulating currency in the 1930s , and the world gold standard was abandoned for a fiat currency system after 1976 . The Silverites were members of a political movement in the United States in the late-19th century that advocated that silver should continue to be a monetary standard along with gold , as authorized under the Coinage Act of 1792 .
Hypothesis: Gold has a monetary standard.
Label: ENTAILMENT