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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).
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.
a monetary system with gold of specified weight and fineness as the unit of value.
A system in which the value of a currency is legally fixed in terms of how much gold it is worth.
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|Noun||1.||gold standard - a monetary standard under which the basic unit of currency is defined by a stated quantity of gold|
|2.||gold standard - a paragon of excellence; "academic education is the gold standard against which other educational activity is pejoratively judged"|