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The phrase "a gold standard system" is correct and usable in written English.
It can be used to describe a system that is considered the best or most reliable in a particular field or context.
Example: "The new educational program has been recognized as a gold standard system for teaching critical thinking skills."
Alternatives: "a benchmark system" or "a premier system".
Exact(40)
Labour has also promised to introduce a "gold standard" system of vocational training to improve skills.
That being said, a "gold standard" system of identifiers, specified and assigned by a relatively independent body, is needed at the core.
The cuts to universities, a third of their annual spend, threaten to reduce a "gold standard" system to one that is "silver, bronze or worse", the top universities warn.
A gold standard system prevents this.
For a gold standard system, you use gold instead.
In practice, this has always meant a gold standard system.
Similar(20)
Lewis describes a monetary authority's operation of a gold-standard system as one that's fairly basic.
Applied to a gold-standard system, the very stability that the latter embodies is a signal that under such a system the supply of money is going to soar to match all the production.
Stable Money advocates still favor a gold-standard system – the proven method that served as the foundation for prosperity in the U.S. and around the world for nearly two centuries before being abandoned, after two wonderfully prosperous decades, in 1971.
The Opinions Survey is considered a gold-standard system for recruiting a population-representative sample in Britain and is used for government data collection.
The Mythical Problem Of "Finding The Right Gold Price" For decades, we've heard this lament that determining a new "price of gold" (dollar/gold parity) in a new gold standard system is some kind of insoluble barrier akin to Fermat's Last Theorem.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com