gold standard

See also: Goldstandard

English

Pronunciation
  • Audio (AU)(file)

Noun

gold standard (plural gold standards)

  1. (economics) A monetary system where the value of circulating money is linked to the value of gold.
    • 2002, Philip Ball, The Elements: A Very Short Introduction, Oxford, published 2004, page 57:
      In countries that accepted the gold standard, currency could be exchanged at a bank for a fixed weight of gold.
  2. (figurative) A test or measure of comparison that is considered ultimate or ideal.
    The OED is the gold standard for English dictionaries.
    • 2016 October 3, Tad Friend, “Sam Altman’s Manifest Destiny”, in The New Yorker‎:
      YC’s gold standard for revenue growth is ten per cent a week, which compounds to 142x a year.

Translations

Further reading
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.