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Definition of the gold standard. 1 : a system in which a unit of money (such as the dollar) is equal to a particular amount of gold The United States was still on the gold standard in the early 20th century.
Best Answer: Golden welds is a concept that is used in conjunction with pipeline lay and repair. The golden weld is an accepted weld without solid (and more tangible) proof of strength, for example a break test or load test..he golden weld is an accepted weld without solid (and more tangible) proof of strength, for example a break test or load test..