GOLD STANDARD • DICCIONARIO INGLES.COM • Definition of Gold standard

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/goʊld stˈændərd/ Listen

Gold standard

noun

A monetary standard under which the basic unit of currency is defined by a stated quantity of gold.

A paragon of excellence.

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Etymology of 'Gold standard'

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"Gold standard" Quotes from Famous Books

... Its increasing abundance rendered it unsuitable for money, especially when contrasted with gold. The "silver craze," which had raged in the closing decade of the nineteenth century, was already a forgotten incident of financial history. The gold standard had become universal, and business all over the earth had adjusted itself to that condition. The wheels of industry ran smoothly, and there seemed to be no possibility of any disturbance or interruption. The common monetary ...

— The Moon Metal • Garrett P. Serviss

... convention of the American Bankers' Association in September, 1885, a New York bank president described the methods by which the Treasury Department was restricting the operation of the Silver Coinage Act so as to avoid a displacement of the gold standard. On February 3, 1886, Chairman Bland of the House committee on coinage reported a resolution reciting statements made in that address, and calling upon the Secretary of the Treasury for a detailed ...

— The Cleveland Era - A Chronicle of the New Order in Politics, Volume 44 in The - Chronicles of America Series • Henry Jones Ford

Words linked to "Gold standard" : idol, standard, monetary standard, paragon, perfection, beau ideal