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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.
The golden mean represents a balance between extremes, i.e. vices. For example, courage is the middle between one extreme of deficiency (cowardness) and the other extreme of excess (recklessness). A coward would be a warrior who flees from the battlefield and a reckless warrior would charge at fifty enemy soldiers.