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English definition of “gold standard”

gold standard

noun [S] uk   us  

gold standard noun [S] (FINANCIAL SYSTEM)

a system of providing and controlling the exchange of money in a country, in which the value of money (compared to foreign money) is fixed against that of gold

gold standard noun [S] (GOOD THING)

something that is very good and is used for measuring how good other similar things are: I think 'Sesame Street' is still the gold standard for preschool television.
(Definition of gold standard from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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