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

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

From Time Magazine Archive

The question at issue was whether to set up the now virtually stabilized paper franc on a gold basis.

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

Lord Willingdon, Viceroy of India, signed a decree in Simla taking the rupee off a gold basis with the pound.

From Time Magazine Archive

This is also indicated by the expansion of her paper money and her efforts to maintain the gold basis under that paper.

From The Audacious War by Barron, Clarence W. (Clarence Walker)