SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C.  20549

                             FORM 10-Q

             Quarterly Report Pursuant to Section 13 or 15(d) of
                    the Securities Exchange Act of 1934


For the Quarter Ended:       January 31, 1998
Commission File No. 0-9496
                             ----------------          
                            GOLD STANDARD, INC.
                            -------------------                  

         (Exact name of registrant as specified in its charter)

               Utah                             87-0302579
 -------------------------------          ------------------------    
 
 (State or other jurisdiction of               (I.R.S. Employer
  incorporation or organization)              Identification No.)


Suite 712 Kearns Building, Salt Lake City, Utah          84101
-------------------------------------------------      ---------
   (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code     (801) 328-4452
                                                       --------------
   





Page 1
<PAGE>
<PAGE>
Securities registered pursuant to Section 12(b) of the Act:

Title of each class         Name of each exchange on which registered

        None                    NASDAQ and Pacific Stock Exchange
       ------                   --------------------------------- 
Page 1
<PAGE>
<PAGE>
Securities registered pursuant to Section 12(g) of the Act:

               Common Stock, par value  $.001 per share
               ----------------------------------------
                           (Title of class)

     Indicate by check mark whether Registrant (1) has filed all 
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that Registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes  X  No  
    ---    ---
                           
As of the close of the period covered by this report there were
outstanding 18,697,500 shares of Registrant's common stock, $.001 par
value per share.

































Page 2
<PAGE>
<PAGE>
                    PART I.  FINANCIAL INFORMATION



Item 1.  Financial Statements.
         ---------------------










                          GOLD STANDARD, INC.

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






















                            January 31, 1998
Page 4
<PAGE>
<PAGE>
                     GOLD STANDARD, INC. AND SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEETS
                     January 31, 1998 and October 31, 1997

                                       January 31, 1998  October 31, 1997
                                       ----------------  ----------------
                                         (Unaudited)
         ASSETS

CURRENT ASSETS
   Cash and cash equivalents              $ 2,791,453   $ 3,231,441
   Certificates of deposit                  1,210,631     1,197,222
   Accrued interest                               321         9,039
   Prepaid expenses                             4,624         6,844
                                          ------------  ------------
                TOTAL CURRENT ASSETS        4,007,029     4,444,546

PROPERTY AND EQUIPMENT
   Equipment and leasehold improvements       192,335       206,465
                                          ------------  ------------
                                              192,335       206,465
OTHER ASSETS
   Securities available for sale              240,033       252,998
   Deposits                                     3,404         3,404
                                          ------------  ------------
                                              243,437       256,402
                                          ------------  ------------
                                          $ 4,442,801   $ 4,907,413
                                          ============  ============





















Page 5
<PAGE>
<PAGE>
          LIABILITIES AND EQUITY

CURRENT LIABILITIES
   Accounts payable - trade               $    73,928   $    85,890
   Accrued liabilities                         29,204        29,434
   Income tax payable                             300           300
                                          ------------  ------------
                 TOTAL CURRENT LIABILITIES    103,432       115,624

STOCKHOLDERS' EQUITY
   Common stock                                18,698        18,698
   Additional paid-in capital              13,515,927    13,515,927
   Unrealized holding gain (loss) on
     securities available for sale             (6,816)        6,149
   Accumulated deficit                     (9,188,440)   (8,748,985)
                                          ------------  ------------
             TOTAL STOCKHOLDERS' EQUITY     4,339,369     4,791,789
                                          ------------  ------------
                                          $ 4,442,801   $ 4,907,413
                                          ============  ============

See accompanying notes to consolidated financial statements.




























Page 6
<PAGE>
<PAGE>
                     GOLD STANDARD, INC. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENTS OF OPERATIONS
              Three month periods ended January 31, 1998 and 1997




                                                    Three months ended
                                                        January 31,
                                                 -------------------------
                                                      1998          1997
                                                 -----------   -----------
                                                 (Unaudited)   (Unaudited)

INCOME FROM OPERATIONS                           $     -       $     -

EXPENSES
  Depreciation                                       14,130        12,264
  Leasehold exploration
    and carrying costs                              391,368       339,829
  General and administrative:
    Legal                                             2,589         4,001
    Other                                            81,267        88,249
                                                 -----------   -----------
        NET INCOME/(LOSS) FROM OPERATIONS          (489,354)     (444,343)

OTHER INCOME (EXPENSES)
  Interest income                                    49,799        64,211
  Loss from investments                                -          (44,920)
                                                 -----------   -----------

                                                   (439,555)     (425,052)

NET LOSS - MINORITY INTEREST                           -           53,717
                                                 -----------   -----------

             NET INCOME/(LOSS)                   $ (439,555)   $ (371,335)
                                                 ===========   ===========


Net income/(loss) per common share               $    (0.02)   $    (0.02)
                                                 ===========   ===========





See accompanying notes to consolidated financial statements.

Page 7
<PAGE>
<PAGE>
                     GOLD STANDARD, INC. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
              Three month periods ended January 31, 1998 and 1997


                                                  Three months ended
                                                      January 31,
                                              --------------------------
                                                   1998           1997
                                              -----------    -----------
                                              (Unaudited)    (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income (loss)                          $ (439,555)    $ (371,335)
    Add (deduct) adjustments
     to cash basis:
       Depreciation                               14,130         12,264
       Disposal of equipment                        -            11,361
       Unrealized loss on securities             (12,965)
       Net loss - minority interest                 -           (53,717)
       Increase (decrease) in:
         Accounts payable                        (11,962)       (19,031)
         Accrued liabilities                        (230)          (425)
       Decrease (increase) in:
         Accrued interest                          8,718        (12,341)
         Prepaid expenses                          2,220         (4,491)
         Securities available for sale            12,965         46,423
         Deposits                                   -               (50)
                                              -----------    -----------

NET CASH PROVIDED BY/(USED IN)
OPERATING ACTIVITIES                            (426,679)      (391,342)

CASH FLOWS FROM INVESTMENT ACTIVITIES:
   Increase in certificates of deposit           (13,309)          -
   Equipment purchased                              -            (2,297)
                                              -----------    -----------










Page 8
<PAGE>
<PAGE>
NET CASH USED IN INVESTMENT ACTIVITIES           (13,309)        (2,297)

NET INCREASE (DECREASE) IN CASH                 (439,988)      (393,639)

CASH BALANCE AT BEGINNING OF PERIOD            3,231,441      6,078,321
                                              -----------    -----------

CASH BALANCE AT END OF PERIOD                 $2,791,453     $5,684,682
                                              ===========    ===========



See accompanying notes to consolidated financial statements.





































Page 9
<PAGE>
<PAGE>
                     GOLD STANDARD, INC. AND SUBSIDIARIES
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                     January 31, 1998 and October 31, 1997
                                  (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, 1997, 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, 1998, have been made.  All such adjustments were
         of a normal, recurring nature.

         Principles of Consolidation
         ---------------------------
         The accompanying consolidated financial statements at January
         31, 1998, include the accounts of Gold Standard, Inc., its
         wholly owned subsidiaries, Gold Standard South and Gold
         Standard Minas, S.A. and a 64.4% owned subsidiary, Big Pony
         Gold, Inc.  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 transactions are eliminated.

         Gold Standard South, a Utah corporation, was organized for the
         express purpose of carrying on a property acquisition and gold
         exploration program in the country of Uruguay.  Big Pony Gold
         holds certain mineral exploration concessions in Uruguay and
         is conducting exploration work on those properties.  Gold
         Standard Minas was organized for the purpose of carrying on a
         gold exploration program in the country of Brazil.

         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 with the development of identified
         reserves are capitalized until the related geological areas
         are either put into production, sold or abandoned.  As of


Page 10
<PAGE>
<PAGE>
         January 31, 1998, there were no geological areas under
         production.

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


         Earnings (Loss) Per Share
         -------------------------
         Earnings (loss) per share of common stock is computed on the
         weighted-average number of shares outstanding during the
         period.

         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.

         Securities Available for Sale and Options
         -----------------------------------------
         Instruments used in trading activities include both securities
         and options and are stated at market value.  Quoted market
         prices are generally used as a basis to determine the market
         value.  If quoted market prices are not available, market
         values are based on dealer quotes.  Realized and unrealized
         losses are recognized in the financial statements.

         Foreign Currency Translation
         ----------------------------
         Substantially all assets and liabilities of the Company's
         international operations are translated at year-end exchange
         rates and the resulting adjustments are accumulated in
         stockholders' equity.  Income and expenses are translated at
         exchange rates prevailing during the period.  Foreign currency
         transaction gains and losses are included in net income,
         except for those relating to intercompany transactions of a
         long-term investment nature, which are accumulated in
         stockholders' equity.


NOTE 2 - SECURITIES AVAILABLE FOR SALE

         In February, 1996, the Company entered into a non-monetary
         transaction exchanging rights to diamond potential properties
         located in Brazil for 100,000 shares of American Mineral
         Fields stock (AMZ) which was trading at $4.00 per share.  This
Page 11
<PAGE>
<PAGE>
         transaction resulted in a net gain to the Company of $300,000
         ($400,000 less $100,000 paid to three geologists as bonuses on
         the transaction).

         During 1996 the Company realized gains on the sale of this
         stock in the amount of $152,356.  The value of the remaining
         49,000 shares has fluctuated, resulting in an unrealized
         holding loss of $6,816 at January 31, 1998.


NOTE 3 - 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 and equipment 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

         Amortization of leasehold improvements is calculated using the
         straight-line method over the term of the lease agreement.


NOTE 4 - MINING PROPERTIES

         The Company holds directly or through its subsidiary
         companies, mineral and exploration rights to property located
         in Western Utah, Southern Uruguay, Brazil and other South
         American locations.  All exploration costs associated with
         these properties have been charged to operations as incurred,
         consistent with the Company's accounting policies (see Note
         1).  The Company's leasehold exploration and carrying expenses for
         the three month period ended January 31, 1998 are summarized
         as follows:

                         Uruguay             $   93,099
                         Brazil                 292,186
                         United States            6,083
                                                      0
                                             ----------
                         Total               $  391,368
                                             ==========
Page 12
<PAGE>
<PAGE>
NOTE 5 - CAPITAL STOCK

         In February, 1996, outstanding stock warrants that were issued
         in March, 1992, were exercised for the purchase of 250,000
         shares of common stock in the Company.  The exercise price of
         these warrants was $.75 per share.  The Company realized
         $187,500 from the transaction.

         In May and June 1996, Sun Valley Gold Company purchased
         3,000,000 shares of the Company's common stock for $1.00 per
         share.  As part of the transaction, Sun Valley Gold also
         received warrants for the purchase of 3,000,000 additional
         shares of the Company's common stock.  The exercise price of
         these warrants is $1.50 per share, and the warrants expire in
         May 1999.  The Company realized $3,000,000 from this
         transaction.

         In May, 1996, FCMI purchased 600,000 shares of the Company's
         common stock for $1.00 per share.  The Company realized
         $600,000 from this transaction.

         In June, 1996, the Company extended the expiration dates of
         warrants for the purchase of 500,000 shares of common stock
         from June, 1996 to June, 1999.  The Company also extended the
         expiration date of warrants for the purchase of an additional
         100,000 shares of common stock from October, 1996, to October,
         1999.  Warrants for the purchase of 200,000 shares of common
         stock expired in June, 1996, and were not extended.
         The Company's stock purchase warrants outstanding as of
         January 31, 1998, are summarized as follows:

                                                      Shares
               Issue     Expiration     Exercise    Subject to
                Date        Date          Price       Warrant 
               -----     ----------     --------    ----------

               06/87      06/30/99        $1.25        500,000
               10/87      10/01/99         1.25        100,000
               07/88      07/18/99         2.25        750,000
               03/92      03/31/03          .75        750,000
               05/93      01/18/01         1.25         50,000
               05/96      04/30/02         1.50        100,000
               05/96      05/31/99         1.50      3,000,000
               05/96      05/10/99         1.50        600,000
               06/96      06/30/99         1.25         50,000
                                                     ---------

                         Total outstanding warrants  5,900,000
                                                     =========

Page 13
<PAGE>
<PAGE>
         If all outstanding stock purchase warrants were exercised, the
         total proceeds would be $8,675,000.

         In March, 1996, Big Pony Gold, the Company's 64.4% owned
         subsidiary issued 100,000 shares of its unregistered and
         restricted common stock to two individuals in consideration of
         consulting services rendered.

         In May, 1996, Sun Valley Gold Company purchased 500,000 shares
         of Big Pony Gold's common stock for $1.00 per share.  As part
         of the transaction, Sun Valley Gold also received warrants for
         the purchase of 500,000 additional shares of Big Pony Gold's
         common stock.  The exercise price of these warrants is $1.25
         per share, and the warrants expire in May, 1999.  Big Pony
         Gold realized $500,000 from this transaction.  These are the
         only outstanding warrants for the purchase of Big Pony Gold
         common stock.  If all outstanding warrants were exercised,
         proceeds would be $625,000.


NOTE 6 - RELATED PARTY TRANSACTIONS

         The Company has funded the majority of the operations of its
         subsidiaries Big Pony Gold, Gold Standard South, and Gold
         Standard Minas with unsecured non-interest bearing long term
         cash advances.  As of January 31, 1998, the Company had
         receivables from these companies of $662,506, $513,936, and
         $938,526, respectively.  All intercompany transactions have
         been eliminated in consolidation.

         To guarantee the future reclamation commitments in Uruguay of
         the Company's subsidiary, Big Pony Gold, Inc., the Company has
         obtained a standby letter of credit in the amount of
         $1,000,000 and extended the benefits of the letter of credit
         to their subsidiary.

         On March 14, 1996, the Company acquired 750,000 shares of the
         common stock of its subsidiary Big Pony Gold, Inc. in exchange
         for cancellation of $10,000 in debt owed by the subsidiary to
         the Company and transfer by the Company of all its interest in
         certain mineral rights and assets pursuant to the cancellation
         of a joint venture agreement.

         In 1997, the Company converted cash advances to Gold Standard
         Minas, to equity in the amount of $817,652.





Page 14
<PAGE>
<PAGE>
NOTE 7 - COMMITMENTS

         To guarantee future reclamation commitments in Uruguay, the
         Company has obtained a standby letter of credit in the amount
         of $1,000,000.  No amounts have been drawn on this line.  The
         benefits of this letter of credit have been extended to the
         subsidiary, Big Pony Gold, Inc., and its subsidiary, Tormin
         S.A.

         A similar letter of credit under similar terms, in the amount
         of $100,000 has been obtained to guarantee commitments in
         Paraguay.  No amounts had been drawn against the line as of
         January 31, 1998.

NOTE 8 - INCOME TAX

         The Company has significant net operating loss and net capital
         loss carryforwards 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
         carryforwards and investment tax credits at January 31, 1998
         are detailed in the following summary:

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

         October 31, 1998     $      --      $    15,927    $     --
         October 31, 1999            --          674,075          --
         October 31, 2000            --              --       150,056
         October 31, 2002            --              --        18,503
         October 31, 2003      1,440,772             --           --
         December 31, 2003         1,391             --           --
         October 31, 2004        675,277             --           --
         December 31, 2004       332,153             --           --
         October 31, 2005      1,106,261             --           --
         December 31, 2005       408,740             --           --
         October 31, 2006        762,506             --           --
         October 31, 2007        568,726             --           --
         October 31, 2008         16,027             --           --





Page 15
<PAGE>
<PAGE>
         October 31, 2009        673,421             --           --
         October 31, 2010        185,357         185,057          --
         October 31, 2011        241,032         240,932          --
         October 31, 2012        790,574         790,274          --
                              ----------     -----------    ---------
                              $7,202,237     $ 1,906,265    $ 168,559


NOTE 9 - LITIGATION

         In 1986, the Company filed a lawsuit against American Barrick
         Resources Corporation, Getty Oil Company, and Texaco, relative to
         party's interest on the Mercur gold mine located in Tooele
         County, Utah.  The lawsuit alleges breach of contract, breach of
         fiduciary duty and several other causes of action related to the
         operating agreement between the Company and the defendants or
         their successors in interest to the Mercur gold mine.  Under the
         action the Company sought the return of the Mercur property,
         monetary damages and other appropriate relief.

         In April, 1993, the Company accepted an out-of-court cash
         settlement with American Barrick Resources Corporation, one of
         the defendants in the action, for a net of $5,225,000.

         The lawsuit against the other defendants went to trial in July,
         1993.  Following a seven week trial, the jury returned a verdict
         in favor of the Company on September 3, 1993, and awarded the
         Company $404,164,000 in damages.  Subsequently, the judge set
         aside the jury verdict, thereby denying the Company the jury's
         award.  The Company appealed the judge's decision to the Supreme
         Court of the State of Utah.  On January 11, 1996, the Supreme
         Court announced its decision to uphold the trial judge's directed
         verdict for the defendants in the case.  As a result of the
         unsuccessful appeal, the Company must pay approximately $48,000
         in court costs.  These costs have been accrued in the January 31,
         1998 financial statements.

         In May, 1996, the Company was notified that a Writ of
         Reconsideration filed with the Utah Supreme Court was denied.
         The Company has decided to no longer continue its efforts in the
         lawsuit.









Page 16
<PAGE>
<PAGE>
Item 2.  Management's Discussion and Analysis of Financial
         -------------------------------------------------
         Condition and Results of Operations.
         ------------------------------------

                           INTRODUCTION

     Gold Standard, Inc. and its subsidiaries (the Registrant) are
principally engaged in the acquisition, exploration, and if
warranted, development of producing or potentially productive gold
properties.  Its activities are concentrated, for the most part, in
southern Uruguay, Brazil and Paraguay.

     A significant factor effecting the Registrant's operations
for years was its lawsuit against the operators and former
operators of the Mercur Gold Mine in Tooele County, Utah.  A
January, 1996 ruling against the Registrant, and a subsequent
denial for reconsideration has ended the Registrant's efforts in
the case.

                      RESULTS OF OPERATIONS

     No revenue was generated through operations by the Registrant
during the three months ended January 31, 1998 and it is not
expected that any operating revenue will be generated during 1998.
For several years the Registrant was a partner in joint ventures in
mining properties in Uruguay.  Royalty revenue was received from
these properties in 1996 and 1995.  At the present time all joint
ventures have been dissolved.

     The Registrant's operating activities have been solely
exploration related and have been concentrated on their Uruguay,
Brazil, and Paraguay.  Exploration related expenses for the three
month period ended January 31, 1998 were $391,368 ($339,829 for the
three month period ended January 31, 1997).  Exploration costs
incurred during the three month period ended January 31, 1998 are
summarized as follows:


                    Uruguay             $   93,099
                    Brazil                 292,186
                    Paraguay                 6,083
                                        ----------
                                        $  391,368
                                        ==========

     Exploration expenses have been higher in 1998 than in 1997
because of the Registrant's increased activity in its properties in
Brazil.  This exploration activity is being conducted by the
Registrant's subsidiary, Gold Standard Minas, S.A.  The
Page 17
<PAGE>
<PAGE>
Registrant's exploration activities at its properties in Uruguay is
being conducted through its subsidiary, Big Pony Gold.

     The Registrant's general and administrative expenses,
excluding legal expenses totaled $81,267 for the three month period
ended January 31, 1998 ($88,249 for the three month period ended
January 31, 1997).  The two most significant general and
administrative expense categories during the three month period
ended January 31, 1998 were (a) professional and consulting fees
$20,800 ($18,810 in 1997) and (b) wages and salaries $33,000
($38,000 in 1997).  The balance of general and administrative
expenses includes office supplies and expenses, office rent,
travel, etc.


                 LIQUIDITY AND CAPITAL RESOURCES

     In the absence of income from operations the Registrant will
continue to rely on funds received in prior years for its
operations.  These funds include royalty revenues, lawsuit
settlements, equity funding, and proceeds from sales of securities.

     The Registrant has no material capital commitments or
agreements which would require significant outlays of capital
during the remaining nine months of the year.

     Expenses in the remaining nine months of 1998 should remain
close to the level during the first three months of the year.
In the short term, the Registrant has sufficient cash reserves to
fund operations.  In the long-term there can be no assurance that
cash on hand will be sufficient for all operating costs.  However,
if necessary the Registrant will look to the issuance of additional
equity capital and increased production from its properties.


                            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 effect the Registrant's future operating
revenue.

     Serious increases in inflation could increase general and
administrative expenses for the Registrant and make it difficult to
remain within budget.  However, management does not expect any
material increases in the inflation rate during the near future.




Page 18
<PAGE>
<PAGE>
              ENVIRONMENTAL RULES AND REGULATIONS

     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 has obtained a standby letter of credit in the
amount of $1,000,000 which is pledged as security against future
potential reclamation costs of mineral properties under exploration
in Uruguay.  A similar $100,000 letter of credit has been pledged
as security for operations in Paraguay.  Furthermore, the
Registrant is not aware of any potential reclamation costs.  Except
for the above, the Registrant has no actual or potential
involvement in environmental remediation activities.


                  PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS.  Not Applicable

ITEM 2.     CHANGES IN SECURITIES.  Not Applicable

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES.  Not Applicable

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
            No items were presented for a vote of security holders
            during the period ended January 31, 1998.

ITEM 5.     OTHER INFORMATION.  Not Applicable

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K.  

      (a)   List of Exhibits
            
            27.0     Financial Data Schedule
         
      (b)   Reports on Form 8-K
            
            Not applicable





Page 19
<PAGE>
<PAGE>
                            SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.

                                     Gold Standard, Inc.

Date    16 March 1998                By:/s/ Scott L. Smith



                               Exhibit Index
                               -------------

Exhibit No.       Description
-----------       -----------

   27             Financial Data Schedule.