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

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

The gist of Mr. Hoover's remarks: he favored going back on a gold basis, paying 59� in gold to any holder of a devalued dollar.

From Time Magazine Archive

Many a Wall Streeter with little to do except swap stories was rumoring that Lloyd's of London has wagered one to three that within six months the U. S. would abandon the gold basis.

From Time Magazine Archive

The Chancellor announced most significantly that Great Britain was henceforth on a gold basis.

From Time Magazine Archive

For it is obvious that if the depreciation is extensive, the decline in the price level necessary to the attainment of the gold basis must also be extensive.

From The Settlement of Wage Disputes by Feis, Herbert