gold reserve

noun

the stock of gold held by a government or central bank to back its promissory notes or currency or to settle its international debts.

gold reserve

the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency

An Americanism dating back to 1865–70

Thus, with the paper credit—and even with the gold reserve of which Germany has boasted, the pedestal is but paper.

Under the law, the Federal Reserve banks are supposed to hold a gold reserve of 40% to secure our currency.

In order to resist raids on the German gold reserve a policy of note issuing was adopted.

The deficit in the treasury made it inevitable that the gold reserve should be used to meet current expenses.

In an inner recess, guarded by second-locked doors, the gold reserve was kept.

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