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   gold standard

   /ˈɡəʊl(d) ˌstandəd/

   noun

   • 1. the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.
   • ▪ a thing of superior quality which serves as a point of reference against which other things of its type may be compared: "breast milk provides the gold standard by which infant feeds are measured"

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