free gold

noun

Definition of free gold

: gold held in excess of legal reserve requirements or gold certificates held by the U.S. Federal Reserve system over the required minimum set as backing for Federal Reserve notes and member-bank deposits

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Cite this Entry

“Free gold.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20gold. Accessed 28 May. 2022.

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