gold

gold
/gəυld/ noun
a very valuable yellow metal
● to buy gold
● to deal in gold
● You can buy gold coins at certain Swiss banks.
● He has a licence to deal in gold.
COMMENT: Gold is the traditional hedge against investment uncertainties. People buy gold in the form of coins or bars, because they think it will maintain its value when other investments such as government bonds, foreign currency, property, etc., may not be so safe. Gold is relatively portable, and small quantities can be taken from country to country if an emergency occurs. This view, which is prevalent when the political situation is uncertain, has not been borne out in recent years, and gold has not maintained its value for some time.

Dictionary of banking and finance. 2015.

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  • Gold — (et) …   Kölsch Dialekt Lexikon

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  • Gold — (g[=o]ld), n. [AS. gold; akin to D. goud, OS. & G. gold, Icel. gull, Sw. & Dan. guld, Goth. gul[thorn], Russ. & OSlav. zlato; prob. akin to E. yellow. [root]49, 234. See {Yellow}, and cf. {Gild}, v. t.] [1913 Webster] 1. (Chem.) A metallic… …   The Collaborative International Dictionary of English

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  • gold — [gəʊld ǁ goʊld] noun [uncountable] 1. a valuable soft metal used to make jewellery, coins etc, and formerly used in a system in which the value of the standard unit of a currency is equal to a fixed weight of gold of a particular quality: • On… …   Financial and business terms

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