from The American Heritage® Dictionary of the English Language, 5th Edition.
- transitive verb To divest (a coin, for example) of monetary value.
- transitive verb To stop using (a metal) as a monetary standard.
from The Century Dictionary.
- To divest of standard monetary value; withdraw from use as money; deprive of the character of money. Also spelled
from the GNU version of the Collaborative International Dictionary of English.
- transitive verb To deprive of current value; to withdraw from use, as money.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb To withdraw the status of
legal tenderfrom a coin (etc.) and remove it from circulation.
- verb To declare ineligible or worthless as a
medium of exchangeor as legal tender.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- verb deprive of value for payment
from The American Heritage® Dictionary of the English Language, 4th Edition
If you want to preserve precious / scarce resources, you must 'demonetize' them.
I think its sad that the whole thing could have been a great opportunity to take the model of second life, and put a knife into the vampire capitalism that curses second-life, demonetize and thus democratize the platform.
If granted by the United States alone it will demonetize gold and derange all the business transactions of our people.
It was not the intention of the framers of this law to demonetize silver, because they were openly avowed bimetallists, but it limited coinage to silver bought by the government at market price.
In 1895 we heard in Manila that the Government were about to coin Philippine pesos and absolutely demonetize Mexicans as a medium in the Islands.
Oh, nonsense! it is impossible to demonetize gold, because the civilized world recognizes it as an invariable standard by which all commodities are measured in value.
To ask more seems to me unreasonable, and, if yielded to, will bring all our money to the single silver standard alone, demonetize gold and detach the United States from the standards of the great commercial nations of the world.
If you think government cannot add value to a metal, consider this conundrum: What would be the present value of gold if all nations should demonetize it?
We can demonetize gold ... the government can refuse to buy any more.
When Congress met in December, 1889, there was a strong desire in both Houses to utilize silver as legal tender money under conditions that would not demonetize gold.