Definition of the gold standard
1
: a system in which a unit of money (such as the dollar) is equal to a particular amount of gold
The United States was still on the gold standard in the early 20th century.
2
: something that is considered to be the best and that is used to judge the quality or level of other, similar things
This car is the gold standard for luxury automobiles. the gold standard of stylish resorts
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Cite this Entry
“The gold standard.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/the%20gold%20standard. Accessed 13 Jun. 2021.
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