free gold


noun

treasury gold, including the legal reserve, not restricted to the redemption of gold certificates or other specific uses.
Mining. gold found in loose particles or nuggets, as in a placer mine.

Origin of free gold

First recorded in 1895–1900

British Dictionary definitions for free gold

free gold

noun

gold, uncombined with other minerals, found in a pure state
US the excess of gold held by the Federal Reserve Banks over the legal reserve