free gold

noun

treasury gold, including the legal reserve, not restricted to the redemption of gold certificates or other specific uses.

Mining. gold found in loose particles or nuggets, as in a placer mine.

Origin of free gold

First recorded in 1895–1900

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for free gold

free gold

noun

gold, uncombined with other minerals, found in a pure state

US the excess of gold held by the Federal Reserve Banks over the legal reserve

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012