gold standard

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gold standard

n.
1. A monetary standard under which the basic unit of currency is equal in value to and exchangeable for a specified amount of gold.
2. A model of excellence; a paragon: "Several generations of the laser have been widely available in Europe; the FDA approved the one now considered the gold standard" (Daniel Goleman).

gold standard

n
1. (Economics) a monetary system in which the unit of currency is defined with reference to gold
2. the supreme example of something against which others are judged or measured: the current gold standard for breast cancer detection.

gold′ stand`ard


n.
a monetary system with gold of specified weight and fineness as the unit of value.
[1825–35, Amer.]

gold standard

A system in which the value of a currency is legally fixed in terms of how much gold it is worth.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gold standard - a monetary standard under which the basic unit of currency is defined by a stated quantity of goldgold standard - a monetary standard under which the basic unit of currency is defined by a stated quantity of gold
monetary standard, standard - the value behind the money in a monetary system
2.gold standard - a paragon of excellence; "academic education is the gold standard against which other educational activity is pejoratively judged"
beau ideal, paragon, perfection, idol - an ideal instance; a perfect embodiment of a concept
Translations

gold standard

ntallone m aureo
References in periodicals archive ?
Northern Ireland has an enviable skills base capable of driving economic growth through our gold standard system of apprenticeships and traineeships.
This emergent monetary order would mirror the world gold standard system of the late 19th century and could last for a century or more.
We know that the Bretton Woods system put us on the twentieth century international gold standard system in 1945, and that Nixon took us off the gold standard in the 1971.