Definition of gold standard in English:

gold standard

Line breaks: gold stand|ard

noun

  • 1The system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.
    More example sentences
    • The classic gold standard was a monetary regime constructed to preserve financial and economic stability.
    • National currencies based on the gold standard were thought to be uniform, leading toward a global monetary standard.
    • The British thereby laid the basis for what was to become the world monetary system based on the gold standard and bank notes.
  • 1.1A thing of superior quality which serves as a point of reference against which other things of its type may be compared: breast milk provides the gold standard by which infant feeds are measured
    More example sentences
    • This type of process may then be used as best practice, serving as a gold standard to be implemented in other facilities.
    • Once upon a time, Disney provided the gold standard in family entertainment, from animated fairytales to Mary Poppins.
    • Despite their intriguing objectivity and precision, billing records do not provide a gold standard.

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