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gold basis

American  

noun

  1. a gold standard as a basis for prices.


gold basis British  

noun

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

"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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Britain's gold standard tinkerers soon recalled that King Croesus of ancient Lydia was reputedly the first monarch to put the coin of his realm on a gold basis.

From Time Magazine Archive

Oilman Sokolnikov, as Soviet Commissar for Finance, was famed as the financier who put Russian currency on a gold basis.

From Time Magazine Archive

In Colombia, harassed President Olaya Herrera decided that his country's burdens are too great to bear 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

By paying down $4.76½ in New York you can get £1 in London, which on a par gold basis is equivalent to $4.86 in London.

From New York Times Current History; The European War, Vol 2, No. 5, August, 1915 by Various