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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

... at any former time in the world's history. In spite of all the opposition which fanaticism and ignorance could offer to the natural trend of events in the commercial and financial life of the world, the gold standard now rests on an impregnable base; and every year witnesses some new triumph for those who accept it as the foundation of the civilised monetary system. This being the case, it is obvious that the conditions affecting the production of gold must possess a very peculiar interest even for ...

— Twentieth Century Inventions - A Forecast • George Sutherland

... a whisper blew away the banks. They could not redeem their promises to pay. These were no longer available for currency: they had driven from the country the coin, and there was no money. The merchants failed, the planters failed, money appreciated to the gold standard, and property correspondingly depreciated; and ruin—financial ruin—swept over the country ...

— The Memories of Fifty Years • William H. Sparks

... $200,000. The fall in the value of silver caused depreciation and a few of the silver coins of this issue which are still in circulation are valued at forty cents gold for five francs; the copper coins at a little less. In 1894 the gold standard was adopted and though no actual coinage took place all official financial transactions were thereafter based upon gold values. In 1895 and 1897 President Heureaux issued more silver coins or, rather, ...

— Santo Domingo - A Country With A Future • Otto Schoenrich

... still extensively indulged; and although the insecurity of slave property is so manifest, yet a negro man will bring $10,000 at auction. This, however, is only equivalent to about $100. Land, when the price is reduced to the gold standard, is similarly diminished ...

— A Rebel War Clerk's Diary at the Confederate States Capital • John Beauchamp Jones

... at St. Louis upon a platform which declared for the maintenance of the gold standard until it can be changed into bimetallism by international agreement. Mr. McKinley was the most popular man among the Republicans, and three months ago everybody in the Republican party prophesied his election. How is it today? Why, the man who was once pleased to think ...

— The Art of Public Speaking • Dale Carnagey (AKA Dale Carnegie) and J. Berg Esenwein