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 ?
In the private placement, about 16,100,000 common shares of Gold Standard (the purchased shares") were purchased by Goldcorp at a price of CAD1.
In that article, Friedman argued that versions of the gold standard erected after 1914, if not some earlier ones, were "pseudo" gold standards, differing from "real" ones in dispensing with actual gold coins and allowing monetary authorities to sterilize international gold movements, instead of letting those movements automatically regulate national money stocks.
e Gold Standard Award is the pinnacle achievement for racecourses in the area of the owners' raceday experience.
Thanks to its latest addition, Gold Standard will provide laboratories with an US FDA-cleared solution for serological testing and confirmation for Lyme disease, meeting the Centers for Disease Control and Prevention (CDC) recommended processes.
Gold Standard plans to use the funds raised through the sale to complete the Phase 1 exploration programme at its flagship Railroad Project in Elko Country, Nevada, for additional drilling and exploration work at the project as well as for working capital and general corporate purposes.
The supreme virtue of the gold standard was that it restrained the power of the government to debase the currency.
But nations that abandoned the gold standard tightened their trade restrictions "only marginally.
The Gold Standard focuses on improving racecourse facilities for owners, their horses and stable staff, and is now held by 15 tracks, including Newmarket's two.
Cleveland House in Edgerton and Southfield Court in Almondbury both received the new gold standard.
Dedicated amino acid analysis is the gold standard technique for the separation of amino acids.
Simon Christensen, head of wheat trading for Frontier Agriculture, said: "With contracts available as far forward as 2010 the Gold Standard contract will help to separate the emotion from the decision to sell grain.
New York City, represented Gold Standard in the transaction, the terms of which were not disclosed but which do require approval from the Federal Trade Commission.