gold standard

noun

Definition of gold standard

1 : a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usually characterized by the coinage and circulation of gold, unrestricted convertibility of other money into gold, and the free export and import of gold for settling of international obligations

Examples of gold standard in a Sentence

the gold standard for accurate experimental procedures is the double-blind medication trial
Recent Examples on the Web That made foreign investors question the U.S.’s ability to stick with the gold standard. Jeffrey Schulze, Forbes, 16 May 2022 Military coverage can still seem like the gold standard. Michelle Ruiz, Vogue, 26 Apr. 2022 Instead, about six weeks after the inauguration, Roosevelt took the U.S. off the gold standard. Michael Hiltzik, Los Angeles Times, 26 Nov. 2021 But the fateful decision was to move toward a fiat monetary system rather than return to a genuine gold standard. William J. Luther, National Review, 16 Aug. 2021 With America’s dollar then tied to the gold standard, the only means by which new wealth could be generated was by finding additional gold. David James, Anchorage Daily News, 4 July 2021 Fifty years ago next month, at a secret weekend meeting at Camp David, President Richard Nixon and his top economic advisors decided to take the U.S. off the gold standard. Jeffrey E. Garten, WSJ, 1 July 2021 In 1933, President Franklin Roosevelt moved the country off the gold standard in hopes of bolstering an economy ravaged by the Great Depression. Nora Mcgreevy, Smithsonian Magazine, 11 June 2021 Mike Krzyzewski, who’ll be retiring as Duke’s men’s coach after next season, was the man who put USA Basketball back on the gold standard after the 2004 stumble in Athens. BostonGlobe.com, 5 June 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'gold standard.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of gold standard

1811, in the meaning defined at sense 1

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Time Traveler for gold standard

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The first known use of gold standard was in 1811

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Dictionary Entries Near gold standard

gold stamp

gold standard

gold star

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Statistics for gold standard

Last Updated

19 May 2022

Cite this Entry

“Gold standard.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gold%20standard. Accessed 23 May. 2022.

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More from Merriam-Webster on gold standard

Britannica.com: Encyclopedia article about gold standard

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