gold reserve

noun

1. the stock of gold held by a government or central bank to back its promissory notes or currency or to settle its international debts.

gold reserve

noun

1. the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency

Word History and Origins

Origin of gold reserve¹

An Americanism dating back to 1865–70

Example Sentences

Elliott was challenged in its bidding by judgment holder Gold Reserve, which put forth an offer over $7 billion.

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The U.S. announcement to block gold transactions was done alongside Group of Seven and European Union allies that will also impose the gold reserve ban.

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Venezuela has the sixth largest natural gold reserve in the world, with around 7,000 tonnes.

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China, famous for its opaque and misleading statistical reporting, only updates its gold reserve numbers every so often.

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Word passed over the 3rd Army headquarters telephone at 5:05 p.m., but as Patton recalls in his diary, he decided to wait before notifying higher-ups, “as it would be stupid to claim we had found the gold reserve and then not have done so.”

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