gold standard


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gold standard

1. Literally, a monetary standard where a currency's value is defined by an existing and fixed amount of gold. There are many who believe that the country should return to the gold standard for a more secure means of issuing currency.
2. By extension, a well-established and widely accepted model or paradigm of excellence by which similar things are judged or measured. Her research methodology in the late 1960s has since become the gold standard for drug trials today.
See also: gold, standard
References in periodicals archive ?
I am proud of my fellow CEO Roundtable members, all of whom embrace the Gold Standard and see the value for their employees and their businesses in joining this fight.
It can also be rejected at a 95% level for the de facto gold standard and classical gold standard periods.
The president of the World Bank has made a bold call on leading global economies to consider readopting a modified gold standard to guide currency movements, but the proposal has met with a wall of scepticism.
As a loose rule of thumb, on a strict gold standard the Fed could only print more dollars as miners brought more physical gold to the surface.
Mr Shaw said: "Advisers who adopt the code will be required to display the Gold Standard badge, this will enable the public to better understand what to expect from regulated advice."
Gold Standard is an advanced stage gold exploration company focused on district scale discoveries on its Railroad-Pinion Project, located within the prolific Carlin Trend.
This is the sixth year the firm has received the Gold Standard Certification.
These deficiencies certainly provide critiques of the gold standard that must be taken into consideration when comparing alternative monetary structures.
Eleven of the twelve experts agreed that clinical diagnosis could be used as a gold standard to identify evident facial vertical excess.
It has been the gold standard in treatment for over 40 years.
A true gold standard is a complete commodity-money system and therefore has an appeal not found in some other monetary arrangements.
My thesis is that current proposals to link national currencies rigidly to gold whether at present or higher prices arise out of a confusion of two very different things: the use of gold as money, which I shall call a "real" gold standard; governmental fixing of the price of gold, whether national or international, which I shall call a "pseudo" gold standard.
Paul Devoy, Head of Investors in People, commented: "We would like to congratulate FTA on their Gold standard. Such a high level of accreditation is the sign of great people management practice, and demonstrates a commitment to staff development and shows an organisation committed to being the very best it can be.
The clinic is currently the only service recognised by the IOF in the North East of England, and one of only four centres in the UK, and seven across Europe, to have been credited with a gold standard.
The Women in Law Empowerment Forum (WILEF)--a group dedicated to assisting women in law to assume leadership roles within the National Law Journal 850 law firms and Fortune 1000 legal departments-unveiled a list of 44 law firms that it certified for its 2015 Gold Standard Certification.