Definitions
There are 2 meanings of the phrase
Gold Standard.
Gold Standard - as a noun
A monetary standard under which the basic unit of currency is defined by a stated quantity of gold
A paragon of excellence
Example: "Academic education is the gold standard against which other educational activity is pejoratively judged"
Example Sentences
"The gold standard was a monetary system in which currency was valued in terms of gold."
"During the 19th century, many countries adopted the gold standard."
"The gold standard provided stability to the global economy."
"Under the gold standard, central banks had to maintain a fixed price for gold."
"The gold standard was abandoned by most nations in the 20th century."
