gold basis

Related to gold basis: Gold Futures

gold basis

n
(Banking & Finance) the gold standard as a criterion for the determination of prices
References in periodicals archive ?
In 1928, the kroon received a direct, independent gold basis, replacing its indirect link via the Swedish krona.
6 The dollar has been an unusually long-lived fiat currency, still widely viable more than 40 years after leaving its gold basis in 1971.
He took great pride in his fiscal aptitude and only bought books for a reasonable price: 'my purchases were always on a silver not a gold basis'.
The brazing was done at a 700[degrees]C temperature for the tests brazed with an alloy with a gold basis, and a 600[degrees]C temperature for those tests brazed with an alloy with a silver basis.
At the tests brazed with gold basis alloy there is quite a nice join and a quite a nice flow, but the paste of silver and the alloy on a gold basis being very hard to make, unless it was done by a highly experienced operator, because this one is very important to participate due to the high temperature on which the pasting was done, temperature close to the one of silver's melting point.
At the view of the test pasted with a gold basis alloy, there can be seen a very good quality join, the adding material having a nice flow, fig.5.
There can be noticed very easily that after the gold test, the colour of the brazing alloy on a gold basis did not change comparing to the brase metal, while the microscopic scan shows that this alloy dos not change its colour more than the basis material it can be seen in fig.6.
"In the city of New York," Sherman [10, 700] continued, "there is now a commerce going on of over six hundred million dollars, all of which is carried on the gold basis; and so great is the necessity for paper money to represent this gold business that they actually deposit $50,000,000 of gold coin in the Treasury of the United States, and receive gold notes without interest, merely to facilitate the ordinary transaction of .
"Since my last report," the Comptroller reported in 1871 [8, vii], "but one bank has been established on a gold basis - The First National Bank of San Francisco.