gold standard

American  

noun

1. a monetary system with gold of specified weight and fineness as the unit of value.

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gold standard British  

noun

1. a monetary system in which the unit of currency is defined with reference to gold

2. the supreme example of something against which others are judged or measured

   the current gold standard for breast cancer detection

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gold standard Cultural  

1. A system in which a nation's currency has a value measured in gold and can be exchanged for gold. Most nations, including the United States, went off the gold standard in the 1930s.

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Etymology

Origin of gold standard

An Americanism dating back to 1825–35

Example Sentences

The first is the forward price-to-earnings ratio, the gold standard that measures Wall Street’s future expectations; Essaye noted the “market only cares about what’s coming next.”

From Barron's

The first prescribed an oral pharmaceutical blend with minoxidil, the gold standard for hair growth, that I’d need to take for life.

From Los Angeles Times

Today the gold standard is gone, and the trade balance affects exchange rates rather than the money supply.

From The Wall Street Journal

"Chlorhexidine is widely used as a gold standard mouthwash but is associated with side effects and concerns over antimicrobial resistance," the authors explain.

From Science Daily

HHS spokesman Andrew Nixon said: “ACIP members will use gold standard, evidence-based science to make recommendations at the upcoming meeting that will be grounded in transparency and scientific rigor.”

From The Wall Street Journal