gold standard

noun

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
2

Examples of gold standard in a Sentence

the gold standard for accurate experimental procedures is the double-blind medication trial
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These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gold standard.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1811, in the meaning defined at sense 1

Time Traveler
The first known use of gold standard was in 1811

Dictionary Entries Near gold standard

Cite this Entry

“Gold standard.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gold%20standard. Accessed 5 Nov. 2024.

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