gold basis

American  

noun

1. a gold standard as a basis for prices.

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gold basis British  

noun

1. the gold standard as a criterion for the determination of prices

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Example Sentences

Moreover, the Union's House of Assembly passed 78 to 53 last week the Emergency Finance Bill brought in by Finance Minister Nicolaas Christiaan Havenga expressly to keep South Africa's currency on a gold basis.

From Time Magazine Archive

The Dawes Plan proposes to put Germany back on a gold basis, and consequently make the German mark a gold par currency.

From Time Magazine Archive

Britain's immediate money troubles go back to 1925, when to uphold British prestige Winston Spencer Churchill, moon-faced Conservative Chancellor of the Exchequer, put the pound back on a gold basis.

From Time Magazine Archive

Though such a movement would have seemed trifling before the lira was stabilized on a gold basis, it loomed ominously, last week, almost seven months after complete stabilization was supposed to have been achieved.

From Time Magazine Archive

The obligations of the government have been religiously performed, and Uruguay's currency is on a gold basis.

From The South American Republics Part I of II by Dawson, Thomas C.