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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.

Anxiously Madrid foresaw that Portugal, by letting her escudo slide with sterling, will be able to offer drink, etc. to thirsty Britons cheaper than Spain, whose peseta is semi-stabilized on a gold basis.

From Time Magazine Archive

The problem therefore is�how soon can the pound get back to par and 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

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 great Mississippi valley had been flooded with settlers, railway and steamship threw their millions of bushels on the world's markets, while the gold basis of prices failed to expand in proportion.

From The Railway Builders A Chronicle of Overland Highways by Skelton, Oscar Douglas

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