UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

         X        QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended January 31, 2002

                  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934

           For the transition period from ____________ to ____________

                        Commission File Number: 001-08397
                                                ---------

                               GOLD STANDARD, INC.
        (Exact name of small business issuer as specified in its charter)

           UTAH                                            87-0302579
   ----------------------------                         -------------------
   (State or other jurisdiction                           (IRS Employer
     of incorporation or                                Identification No.)
       organization)

          136 South Main Street, Suite 712, Salt Lake City, Utah 84101
          ------------------------------------------------------------
                    (Address of principal executive offices)

                                 (801) 328-4452
                                 --------------
                           (Issuer's telephone number)

                                 Not Applicable
                                 --------------
             (Former name, former address and former fiscal year, if
                           changed since last report.)

         The number of shares of the  issuer's  common stock  outstanding  as of
March 15, 2002, is 1,269,885 shares.
<PAGE>


                          PART I. FINANCIAL INFORMATION



Item 1 - Financial Statements




                      GOLD STANDARD, INC. AND SUBSIDIARIES

                   UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                        FOR INCLUSION IN QUARTERLY REPORT
                                  ON FORM 10-QSB


Consolidated Balance Sheet...................................................2

Consolidated Statements of Operations........................................3

Consolidated Statements of Cash Flows........................................4

Notes to Consolidated Financial Statements...................................5






                                January 31, 2002

                                       1
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      January 31, 2002 and October 31, 2001


                                              January 31, 2002  October 31, 2001
                                              ----------------  ----------------
                                                (Unaudited)
                 ASSETS

CURRENT ASSETS
     Cash and cash equivalents                  $     1,314,621   $      59,548
     Certificates of deposit                                  0       1,354,112
     Accounts receivable                                      0           7,512
     Accrued interest                                         0           9,260
     Prepaid expenses                                     4,708           5,476
                                                ---------------   --------------
                 TOTAL CURRENT ASSETS                 1,319,329       1,435,908

PROPERTY AND EQUIPMENT
     Equipment and leasehold
       improvements                                      14,149          17,107
                                                ---------------   --------------
                                                         14,149          17,107

OTHER ASSETS
     Investment in affiliate                             93,665          93,665
                                                ---------------   --------------
                                                         93,665          93,665
                                                ---------------   --------------

                                                $     1,427,143   $   1,546,680
                                                ===============   ==============

                 LIABILITIES AND EQUITY

CURRENT LIABILITIES
     Accounts payable - trade                   $         3,064   $       4,956
     Accrued liabilities                                    647             647
     Income tax payable                                     100             100
                                                ---------------   --------------

                 TOTAL CURRENT LIABILITIES                3,811           5,703

STOCKHOLDERS' EQUITY
     Common stock                                         1,270           1,270
     Additional paid-in capital                      13,314,437      13,314,437
     Note receivable from related party
        for stock issued                               (134,150)       (132,169)
     Accumulated deficit                            (11,758,225)    (11,642,561)
                                                ---------------   --------------
                 TOTAL STOCKHOLDERS' EQUITY           1,423,332       1,540,977
                                                ---------------   --------------
                                                $     1,427,143   $   1,546,680
                                                ===============   ==============

          See accompanying notes to consolidated financial statements.

                                       2
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               Three month periods ended January 31, 2002 and 2001
<TABLE>
<CAPTION>


                                                                               Three months ended
                                                                                   January 31,
                                                                  -----------------------------------------
                                                                          2002                    2001
                                                                          -----                   ----
                                                                      (Unaudited)              (Unaudited)

<S>                                                               <C>                      <C>
INCOME FROM OPERATIONS                                            $                -       $              -

EXPENSES

  Depreciation                                                                 2,959                  8,384
  Leasehold exploration
    and carrying costs                                                        62,324                105,529
  General and administrative:
    Legal                                                                      1,958                  7,999
    Other                                                                     66,000                 73,222
                                                                  ------------------       ----------------
        NET INCOME/(LOSS) FROM OPERATIONS                                   (133,241)              (195,134)

OTHER INCOME (EXPENSES)
  Interest income                                                             17,579                 23,917
  Miscellaneous income                                                             -                      -
                                                                  ------------------       ----------------

                         NET INCOME/(LOSS)                        $         (115,662)      $       (171,217)
                                                                  ==================       ================


Net income/(loss) per common share                                $            (0.09)      $          (0.13)
                                                                  ==================       ================




</TABLE>

          See accompanying notes to consolidated financial statements.

                                       3
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               Three month periods ended January 31, 2002 and 2001
<TABLE>
<CAPTION>


                                                                            Three months ended
                                                                                    January 31,
                                                                  -----------------------------------------------
                                                                          2002                     2001
                                                                  ---------------------   -----------------------
                                                                      (Unaudited)              (Unaudited)
<S>                                                               <C>                      <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income (loss)                                              $           (115,662)    $            (171,217)
    Add (deduct) adjustments
     to cash basis:
       Depreciation                                                              2,959                     8,384
       Increase (decrease) in:
         Accounts payable                                                       (1,895)                   44,084
         Accrued liabilities                                                         0                      (106)
       Decrease (increase) in:
         Accrued interest                                                        9,260                      (330)
         Prepaid expenses                                                          768                       991
         Accounts receivable                                                     7,512                         0
         Other assets                                                                0                         0
                                                                  --------------------     ---------------------

NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES                            (97,058)                 (118,194)

CASH FLOWS FROM INVESTMENT ACTIVITIES:
   Property and equipment purchased                                                  0                    (1,091)
   Increase in note receivable                                                  (1,981)                   (2,329)
   Increase in certificates of deposit                                       1,354,112                   (13,504)
                                                                  --------------------     ---------------------

NET CASH USED IN INVESTMENT ACTIVITIES                                       1,352,131                   (16,924)

NET INCREASE (DECREASE) IN CASH                                              1,255,073                  (135,118)

CASH BALANCE AT BEGINNING OF PERIOD                                             59,548                   578,906
                                                                  --------------------     ---------------------

CASH BALANCE AT END OF PERIOD                                     $          1,314,621     $             443,788
                                                                  ====================     =====================
</TABLE>



          See accompanying notes to consolidated financial statements.

                                       4
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         The  Company's  accounting  policies  reflect  industry  practices  and
         conform to generally  accepted  accounting  principles.  The  following
         policies are considered to be significant:

         Financial Statements
         --------------------
         The financial  information  provided in the Consolidated  Balance Sheet
         for the year ended  October 31,  2001,  has been taken from the audited
         financial  statements at that date. In the opinion of  management,  all
         adjustments necessary to present fairly the financial position, results
         of operations  and cash flow at January 31, 2002,  have been made.  All
         such adjustments were of a normal, recurring nature.

         Principles of Consolidation
         ---------------------------
         The accompanying consolidated financial statements at January 31, 2002,
         include the accounts of Gold Standard, Inc., and its subsidiaries, Gold
         Standard  South,  Gold Standard  Minas,  S.A. and Tormin,  S.A. As used
         herein,  references to Gold  Standard,  Inc.,  the  Registrant,  or the
         Company   refers  to  Gold   Standard,   Inc.   and  its   consolidated
         subsidiaries.  All significant  intercompany  balances and transactions
         are eliminated.

         Gold Standard South, a Utah corporation,  was organized for the purpose
         of carrying on a property  acquisition and gold exploration  program in
         the country of Uruguay,  but is no longer conducting  operations.  Gold
         Standard  Minas was  organized  for the  purpose of  carrying on a gold
         exploration  program in the country of Brazil.  Tormin S.A. at one time
         held  certain  mineral  exploration  concessions  in Uruguay  but is no
         longer operating.

         Investment in Mining Properties
         -------------------------------
         Prospecting and exploration costs incurred in the search for new mining
         properties are charged to expense as incurred.  Direct costs associated


                                       5
<PAGE>



                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

         Investment in Mining Properties (Continued)
         -------------------------------------------
         with the development of identified  reserves are capitalized  until the
         related geological areas are put into production, sold or abandoned. As
         of January 31, 2002, there were no geological areas under production.

         Loss Per Share
         --------------
         The Company applies Statement of Financial Accounting Standards No. 128
         Earnings  Per Share (SFAS No. 128) which  requires the  calculation  of
         basic and diluted loss per share.  Basic loss per share of common stock
         is  computed  based on the  weighted-average  number of  common  shares
         outstanding during the period. The Company has common stock equivalents
         outstanding  at January 31, 2002 in the form of stock  warrants.  These
         warrants  were excluded in the  calculations  of diluted loss per share
         because their inclusion would have been anti-dilutive.

         Comprehensive Income
         --------------------
         The Company applies Statement of Financial Accounting Standards No. 130
         Reporting Comprehensive Income (SFAS No. 130).  Comprehensive income is
         defined  as the  change  in equity of a  business  enterprise  during a
         period from transactions and other events and  circumstances  from non-
         owner sources. It includes all changes in equity during a period except
         those resulting from investments by owners and distributions to owners.
         No transactions affecting comprehensive income were recorded during the
         reporting periods.

         Cash Equivalents
         ----------------
         For purposes of the statement of cash flows, the Company  considers all
         highly liquid debt instruments and investments readily convertible into
         cash, or purchased  with a maturity of three months or less, to be cash
         equivalents.

NOTE 2 - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

         Equipment and leasehold  improvements are stated at cost.  Maintenance,
         repairs, and renewals, which neither materially add to the value of the
         property nor  appreciably  prolong its life,  are charged to expense as
         incurred.  Gains or losses on dispositions of property,  equipment, and
         leasehold  improvements  are  included in  earnings.  Depreciation  and
         amortization of property and equipment is provided on the straight-line
         method using the estimated lives shown below:

                                                              Years
                                                              -----

           Furniture and equipment                             5-7
           Transportation equipment                              5
           Leasehold improvements                          lease term

                                       6
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 3 - INVESTMENT IN AFFILIATE

         The Company holds a 21.6% investment in Pan American Sports (PAMS). The
         Company accounts for the investment using the investment method. During
         2001 the Company  adjusted the carrying  value of the investment to its
         estimated net  realizable  value.  The Company's  investment in PAMS at
         January 31, 2002 is $93,665.

NOTE 4 - MINING PROPERTIES

         The Company holds directly or through its subsidiary companies, mineral
         and exploration  rights to property  located in Southern  Uruguay,  and
         Brazil.  All exploration  costs  associated with these  properties have
         been charged to operations as incurred,  consistent  with the Company's
         accounting  policies  (see  Note 1).  No  development  costs  have been
         capitalized on these properties through January 31, 2002.

NOTE 5 - RELATED PARTY TRANSACTIONS

         The  Company  has  funded  the  majority  of  the   operations  of  its
         subsidiaries  Gold Standard South, Gold Standard Minas, and Tormin S.A.
         with unsecured  non-interest  bearing  long-term  cash advances.  As of
         January 31, 2002, the Company had  receivables  from these companies of
         $513,936,  $2,447,515  and  $270,360,  respectively.  All  intercompany
         transactions have been eliminated in consolidation.

         In January  2000 the Company  president  exercised  options to purchase
         100,000  shares of common  stock at $1.50 per share.  The  shares  were
         purchased with a non-interest  bearing promissory note in the amount of
         $150,000. The note has been discounted at a rate of 6.21% and is due on
         January 18, 2004.

NOTE 6 - NON-COMPENSATORY STOCK WARRANTS

         In connection with issuance of its common stock, the Company has issued
         warrants to outside  parties for the purchase of  additional  shares at
         specified prices in the future.  Unexercised  warrants aggregate 46,875
         shares at January 31, 2002. They carry a weighted  average price of $12
         per share and have a weighted average remaining life of 1.16 years.

                                       7
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 7 - WARRANTS ISSUED AS COMPENSATION

         The  Company  has  issued  compensatory  stock  warrants  to  officers,
         employees   and   consultants   during  the  course  of  business.   No
         compensation expense has been recorded for these warrants.

         Reported and pro forma net loss and loss per share for the period ended
         January 31, 2002 are as follows:

                           Net loss
                             As reported             $ (115,662)
                             Pro forma               $ (115,662)

                           Loss per share
                             As reported                   (.09)
                             Pro forma                     (.09)

         The  weighted-average  fair  values at date of grant  for  compensatory
         warrants were estimated using the  Black-Scholes  option pricing model,
         based on the following  assumptions:  (1) no expected  dividend yields;
         (ii) an expected  volatility rate of 110%; and (iii) expected  weighted
         average lives of 3.42 years. The  weighted-average  risk-free  interest
         rate applied was 5.78%.

         Stock warrant activity is summarized as follows:

                                                                         Avg.
                                                                       Exercise
                                                               Shares   Price
                                                               ------  ---------
                Warrants outstanding
                  beginning of period                         100,000    $ 1.75
                    Granted                                      -            -
                    Exercised                                    -            -
                    Canceled or expired                          -            -
                                                              -------
                Warrants outstanding
                  and exercisable,
                  end of period                               100,000   $  1.75
                                                              -------

         All 100,000  outstanding  warrants at January 31, 2002 were exercisable
         at $1.75 per share and carried a weighted average remaining contractual
         life of 1.42 years.

                                       8
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2002 and October 31, 2001
                                   (Unaudited)

 NOTE 8 - INCOME TAXES

         The Company has  significant  net  operating  loss and net capital loss
         carry forwards which should give rise to a deferred tax asset.  Because
         the  Company  has no  assurance  that  the  tax  benefit  from  the net
         operating loss and net capital loss will ever be realized,  a valuation
         allowance has been provided equal to the deferred tax asset.

         The amounts and  expiration  dates of net operating loss carry forwards
         and  investment  tax credits at January  31,  2002 are  detailed in the
         following summary:
<TABLE>
<CAPTION>

                                               Federal             State             Net
                                            Net Operating      Net Operating       Capital
                 Expiration Date                Loss               Loss             Loss
                 ---------------            -------------     --------------     ----------

                <S>                         <C>               <C>                <C>
                October 31, 2002            $          --     $           --     $   74,928
                October 31, 2003                1,441,272                 --        101,409
                October 31, 2004                  675,277                 --             --
                October 31, 2005                1,106,261                 --             --
                October 31, 2006                  545,495                 --             --
                October 31, 2007                  478,137                 --             --
                October 31, 2009                  613,656                 --             --
                October 31, 2010                  124,338            124,138             --
                October 31, 2012                   63,410             63,210             --
                October 31, 2013                     --              245,865             --
                October 31, 2014                     --              318,944             --
                October 31, 2015                     --              167,861             --
                October 31, 2016                     --              245,121             --
                October 31, 2018                  246,157                 --             --
                October 31, 2019                  319,144                 --             --
                October 31, 2020                  168,061                 --             --
                October 31, 2021                  245,321                 --             --
                                            -------------     --------------     ----------
                                            $   6,026,529     $    1,165,231     $  176,337
                                            -------------     --------------     ----------
</TABLE>

NOTE 9 - CONCENTRATION OF CREDIT RISK

         The Company  maintains  substantially  all cash  balances  with various
         financial  institutions  located in the State of Utah.  Accounts at the
         financial  institutions  are insured by the Federal  Deposit  Insurance
         Corporation up to $100,000 per institution.  Uninsured balances totaled
         $1,214,621 at January 31, 2002.


                                       9
<PAGE>


Item 2 - Management's Discussion and Analysis of Financial Condition and Results
         of Operations

INTRODUCTION

         Gold Standard, Inc. and its subsidiaries (the Registrant) were formed
to engage in the acquisition, exploration, and if warranted, development of gold
mineralized properties. At the present time, Registrant's activities are solely
exploration related and concentrated in Brazil. The following discussion should
be read in conjunction with the text of Management's Discussion and Analysis or
Plan of Operation contained in Registrant's Form 10-KSB for fiscal year ended
October 31, 2001.

RESULTS AND PLAN OF OPERATIONS

         No revenue was generated by Company operations during the three-month
periods ended January 31, 2002 and 2001.

         Exploration related expenses for the current three-month period ended
January 31, 2002 were $62,324, compared to $105,529 for the three-month period
ended January 31, 2001. Unless exploration activities discover deposits with
developmental potential, or Registrant acquires new exploration opportunities,
Registrant currently anticipates that exploration expenses will continue at the
level experienced in the first three months for the remainder of the current
year.

         Registrant's general and administrative expenses, excluding legal
expenses, totaled $66,000 for the three-month period ended January 31, 2002,
compared to $73,222 for the three-month period ended January 31, 2001. The two
most significant general and administrative expense categories during the
three-month period ended January 31, 2002 were (a) professional and consulting
fees of $8,125 ($12,658 in 2001) and (b) wages and salaries of $39,000 ($39,000
in 2001). The balance of general and administrative expenses includes office
supplies and expenses, office rent, travel, etc. Expenses for the remaining nine
months of the year should remain close to level in the first nine months of the
year. Management has been conscientious in striving to control general and
administrative expenses. The Registrant has no long-term debt and is expected to
meet all of its obligations as they come due.

         Registrant presently plans to continue its present level of exploration
activities on its Brazilian properties. To the extent that Registrant is unable
to generate revenues from its activities, for operations Registrant will
continue to rely on cash, cash equivalents and certificates of deposit currently
on hand. As described in more detail in the Registrant's Annual Report on Form
10-KSB, for the year ended October 31, 2001, the Registrant presently
anticipates that, unless there are unanticipated increases in expenses, its
current funds will allow it to continue the current level of operations through
the next two fiscal years. Unless Registrant is able to generate adequate
revenues from its activities after such time (or prior to such time if
operations or expenses exceed current levels significantly), Registrant will
need to raise additional funds through debt or equity financing to continue
operations. Registrant's ability to raise such additional capital at such time
will depend on the prospects for Registrant's activities. There is no assurance
that Registrant will be able to obtain the capital it requires to continue
operations on terms and conditions acceptable to Registrant, even if the
Registrant's exploration activities prove successful. Based on past experience,
however, the Registrant believes it has the ability to generate additional funds
if needed.

                                       10
<PAGE>

         The Registrant's future results of operations, to a significant degree,
depends on its success in locating, acquiring and producing commercial gold
deposits. With exploration proceeding on several properties whose commercial
production potential is not presently determinable, and considering the
difficulty of projecting future mineral prices, which tend to be volatile, it
is, at best, difficult to accurately project future results of operations.

         The Registrant has not engaged in any material business transactions
during the quarter and during the year ended October 31, 2001. In October, 2001,
the Registrant was delisted from Nasdaq after failing to meet the net tangible
assets and shareholders' equity requirements for continued listing. Since
approximately the beginning of 2001, the Registrant has been considering a
change in its business direction, and exploring a number of opportunities to
merge or consolidate with another operating business, in an effort to
reestablish a Nasdaq listing, to redirect operations, and to take advantage of
the Registrant's status as a public entity. The Registrant has reviewed a number
of potential opportunities over the past year, and is continuing these efforts,
but has not entered into any agreements or arrangements to date.

INFLATION

         The impact of inflation on the Registrant's operations will vary. The
future price of gold, and the level of future interest rates could directly
affect the Registrant's operating revenue. Lower interest rates and higher gold
prices enhance the value of the Registrant's investments.

         Because the Registrant does not have a steady, dependable source of
revenue, serious increases in inflation could increase the Registrant's general
and administrative expenses and make it difficult to remain within its budget.
However, the inflation rate has remained relatively low, with only a minor
impact on the registrant. Management does not anticipate material increases in
the inflation rate during the immediate future.

ENVIRONMENTAL RULES AND REGULATION

         The Registrant is not aware of any noncompliance with environmental
rules and regulations, nor has the Registrant been cited by any local, state or
national agency either in the United States or South America for noncompliance
with environmental rules and regulations.

         The Registrant is not aware of any potential reclamation costs in any
of the areas in which it has conducted exploration. The Registrant has no actual
or potential involvement in environmental remediation activities.

FORWARD LOOKING STATEMENTS

         The Private Securities Litigation Reform Act of 1995 (the Act) provides
a safe harbor for forward-looking statements made by or on the behalf of
Registrant. Registrant and its representatives may from time to time make
written or oral statements that are "forward-looking," including statements
contained in this report and other filings with the Securities and Exchange
Commission and in reports to Registrant's stockholders. Registrant's management
believes that all statements that express expectations and projections with
respect to future matter, as well as from developments beyond Registrant's
control, including changes in global economic conditions, are forward-looking
statements within the meaning of the Act. These statements are made on the basis
of management's views and assumptions, as of the time the statements are made,
regarding future events and business performance. There can be no assurance,
however, that management's expectations will necessarily come to pass. Factors

                                       11
<PAGE>

that may affect forward-looking statements include a wide range of factors that
could materially affect future developments and performance, including the
following:

         Changes in company-wide strategies, which may result in changes in
types or mix of business in which Registrant is involved or chooses to invest;
changes in U.S, global or regional economic conditions, changes in U.S. and
global financial and equity markets, including significant interest rate
fluctuations, which may impede Registrant's access to, or increase the cost of,
external financing for its operations; legal and regulatory developments, such
as regulatory actions affecting environmental activities; adverse weather
conditions or natural disasters, such as hurricanes and earthquakes; and labor
disputes, which may lead to increased costs or disruption of operations.

         This list of factors that may affect future performance and the
accuracy of forward-looking statements is illustrative, but by no means
exhaustive. Accordingly, all forward-looking statements should be evaluated with
the understanding of their inherent uncertainty.

                           PART II - OTHER INFORMATION

Item 1 - Legal Proceedings

         None.

Item 2 - Changes in Securities

         None.

Item 3 - Defaults on Senior Securities

         None.

Item 4 - Submission of Matters to a Vote of Security Holders

         During the quarter ended January 31, 2002, Registrant held no regularly
scheduled, called or special meetings of shareholders during the reporting
period, nor were any matters submitted to a vote of this Company's security
holders.

Item 5 - Other Information

         None.


                                       12
<PAGE>

Item 6 - Exhibits and Reports on Form 8-K

         (a)      Exhibits
                  --------

         The following exhibits are attached hereto or are incorporated herein
by reference as indicated in the table below:

         Exhibit                                              Location if other
           No.                 Title of Document            than attached hereto
         -------               -----------------            --------------------

         3.01*             Articles of Incorporation          1999 Form 10-KSB
                           (as amended to date)               Exhibit 3.01

         3.02*             Amended Bylaws                     2000 Form 10-KSB
                                                              Exhibit 3.02

* Denotes exhibits specifically incorporated in this Form 10-QSB by reference to
other filings of Registrant pursuant to the provisions of Securities and
Exchange Commission rule 12b-32 and Regulation S-B, Item 10(f)(2). These
documents are located under File No. 001-10287 at, among other locations, the
Securities and Exchange Commission, Public Reference Branch, 450 5th St., N.W.,
Washington, D.C. 20549.

         (b)      Reports on Form 8-K
                  -------------------

         There were no reports on Form 8-K filed by the Registrant during the
quarter ended January 31, 2002.

                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
has caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.

                                           GOLD STANDARD, INC.


Date     March 15, 2002                    By:  /s/ Scott L. Smith
                                           -------------------------------------
                                           Scott L. Smith
                                           President and Chief Financial Officer



                                       13
<PAGE>