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 July 31, 2003

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

     For the transition period from ____________  to____________

                        Commission File No. 001-08397

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


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

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

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

                                     N/A
                                     ---
            (Former name, former address and former fiscal year,
                       if changed since last report)


            APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.

                   APPLICABLE ONLY TO CORPORATE ISSUERS

     Indicate the number of shares outstanding of each of the Registrant's
classes of common stock, as of the latest practicable date:

                              July 31, 2003

                            10,158,864 shares

Transitional Small Business Disclosure Format (Check one):  Yes  X  No
                                                                ---   ---

<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 10QSB

<PAGE>
<TABLE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
                   CONSOLIDATED BALANCE SHEETS

                                                    July 31,     October 31,
                                                     2003             2002
                                                   (Unaudited)
<S>                                              <C>            <C>
              ASSETS
CURRENT ASSETS
Cash and cash equivalents                        $     435,708    $   893,021
Accounts receivable                                        100            100
Prepaid expenses                                         5,829          7,369
                                                 -------------    -----------
         TOTAL CURRENT ASSETS                          441,637        900,490

PROPERTY AND EQUIPMENT, AT COST
Equipment and leasehold improvements                    13,257         15,730
                                                 -------------    -----------
                                                        13,257         15,730

OTHER ASSETS
Available for sale securities                          248,582        283,616
                                                 -------------    -----------
                                                       248,582        283,616
                                                 -------------    -----------
                                                 $     703,476    $ 1,199,836
                                                 =============    ===========

               LIABILITIES AND EQUITY

CURRENT LIABILITIES
 Accounts payable - trade                        $       3,305    $     2,406
 Accrued liabilities                                       683            647
 Income taxes payable                                        0            100
                                                 -------------    -----------
         TOTAL CURRENT LIABILITIES                       3,988          3,153

STOCKHOLDERS' EQUITY
 Common stock                                            1,270          1,270
 Additional paid-in capital                         13,314,438     13,314,438
 Other comprehensive income                            154,917        189,951
 Note receivable from related party for stock
  issued                                              (138,866)      (137,270)
 Accumulated deficit                               (12,632,271)   (12,171,706)
                                                   -----------    -----------
         TOTAL STOCKHOLDERS' EQUITY                    699,488      1,196,683
                                                   -----------    -----------
                                                   $   703,476    $ 1,199,836
                                                   ===========    ===========
</TABLE>
See accompanying notes to consolidated financial statements.
                                3
<PAGE>
<TABLE>
<CAPTION>
               GOLD STANDARD, INC. AND SUBSIDIARIES
              CONSOLIDATED STATEMENTS OF OPERATIONS

                                Three months ended        Nine months ended
                                    July 31,                  July 31,
                                 2003        2002         2003         2002
                            (Unaudited)   (Unaudited) (Unaudited) (Unaudited)
<S>                         <C>            <C>        <C>        <C>
INCOME FROM OPERATIONS       $        0   $        0   $        0 $        0

EXPENSES
 Depreciation                     1,071          186        3,213      6,104
 Leasehold exploration and
   carrying costs                86,323       78,602      241,997    208,036
 General and administrative:
   Legal                          6,604        1,486       17,531     14,816
   Other                         64,026       58,361      202,741    210,509
                             ----------   ----------   ---------- ----------
    NET LOSS FROM OPERATIONS   (158,024)    (138,635)    (465,482)  (439,465)

OTHER INCOME
 Interest income                    921        4,311        4,917     26,735
 Gain on sale of assets               0       13,103            0     13,103
                             ----------   ----------   ---------- ----------
      NET LOSS               $ (157,103)  $ (121,221)  $ (460,565)$ (399,627)
                             ==========   ==========   ========== ==========
Net loss per common share    $    (0.02)  $    (0.01)  $    (0.05)$    (0.04)
</TABLE>
See accompanying notes to consolidated financial statements.
                                4
<PAGE>
<TABLE>
<CAPTION>
               GOLD STANDARD, INC. AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF CASH FLOWS

                                Three months ended        Nine months ended
                                    July 31,                  July 31,
                                 2003        2002         2003         2002
                            (Unaudited)   (Unaudited) (Unaudited) (Unaudited)
<S>                         <C>            <C>        <C>        <C>
CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES
 Net (loss)                  $  (157,103) $ (121,221) $ (460,565) $ (399,627)
 Add (deduct) adjustments to
 cash basis:
  Depreciation                     1,071         186       3,213       6,104
  Decrease (increase) in:
    Accrued interest                   0           0           0       9,260
    Prepaid expenses              (3,818)     (1,493)      1,540         677
    Accounts receivable                0           0           0       7,412
  Increase (decrease) in:
    Accounts payable               1,058      (1,708)        900      (2,085)
    Income taxes payable               0           0        (100)       (100)
    Accrued liabilities               36           0          36           0
                              ----------  ----------  ----------  ----------
       NET CASH PROVIDED BY
       (USED IN) OPERATING
       ACTIVITIES               (158,756)   (124,236)   (454,976)   (378,359)

CASH (USED IN)/PROVIDED BY
INVESTMENT ACTIVITIES
  Decrease (increase) in
    certificates of deposits           0           0           0   1,354,112
  Equipment purchased                  0           0        (741)          0
  Increase in note receivable       (271)     (1,041)     (1,596)     (4,210)
                             -----------  ----------   ---------  ----------
        NET CASH USED IN
        INVESTMENT ACTIVITIES       (271)     (1,041)     (2,337)  1,349,902
                             -----------  ----------   ---------  ----------
NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS       (159,027)   (125,277)   (457,313)    971,543

CASH BALANCE AT BEGINNING
  OF PERIOD                      594,735   1,156,368     893,021      59,548
                             -----------  ----------   ---------  ----------
CASH BALANCE AT END OF
  PERIOD                     $   435,708  $1,031,091   $ 435,708  $1,031,091
                             ===========  ==========   =========  ==========
</TABLE>

See accompanying notes to consolidated financial statements.
                                7
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

   A summary of significant accounting policies consistently applied in the
   preparation of the accompanying consolidated financial statements
   follows:

   Financial Statements
   The financial information provided in the Consolidated Balance Sheet for
   the year ended October 31, 2002, 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 July 31, 2003, have been made.  All such
   adjustments were of a normal, recurring nature.

   Principles of Consolidation
   The accompanying consolidated financial statements at July 31, 2003,
   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.  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
   with the development of identified

                                8
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

   Investment in Mining Properties (Continued)
   reserves are capitalized until the related geological areas are put into
   production, sold or abandoned.  As of July 31, 2003, 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 July 31, 2003 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.

   The Company's Board of Directors approved an 8 for 1 split of the
   Company's common stock, effective May 1, 2003.  All share and per share
   amounts have been adjusted to reflect this split.

   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.

   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.

                                9
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

   Estimates
   The preparation of financial statements in conformity with generally
   accepted accounting principles requires management to make estimates and
   assumptions that effect certain reported amounts and disclosures.
   Accordingly, actual results could differ from those estimates.


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


NOTE 3 - INVESTMENT IN AFFILIATE

   On April 26, 2002, Pan American Motorsports (PAM) agreed in principal
   with an unrelated third party, Queench, Inc., (Queench) to issue
   7,000,000 shares of its stock.  At the same time, the PAMS president
   sold 1,000,000 shares of PAMS stock to Queench.  In addition, Gold
   Standard and its president and the PAMS president transferred voting
   rights for shares beneficially owned by each to Queench until April 26,
   2004.  As a result of these transactions, Gold Standard's ownership
   percentage in PAMS dropped from 21.6% to 11.6% effective with the
   closing date of the transactions of May 31, 2002.  Gold Standard now
   accounts for its investment in PAMS under FASB 115, Accounting for
   Certain Investments in Debt and Equity Securities.
                                10
<PAGE>

               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)

NOTE 3 - INVESTMENT IN AFFILIATE (Continued)

   The aggregate fair value, cost basis and unrealized holding gain of Gold
   Standard's investment in PAMS at July 31, 2003 is as follows:


             Available for sale investment         $248,582

             Cost basis                            $ 93,665

             Unrealized holding gain included in
                other comprehensive income         $154,917



NOTE 4 - MINING PROPERTIES

   The Company holds directly or through its subsidiary companies, mineral
   and exploration rights to property located in 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 July 31, 2003.


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 July
   31, 2003, the Company had receivables from these companies of $513,936,
   $2,861,521 and $270,360, respectively.  All intercompany transactions
   have been eliminated in consolidation.

   In April 2000 the Company president exercised options to purchase
   800,000 shares of common stock at $.1875 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.

                                11
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)

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.  Remaining warrants aggregating 46,875
   shares expired without exercise during the period.

NOTE 7 - WARRANTS ISSUED AS COMPENSATION

   The Company applies Statement of Financial Accounting Standards No. 123,
   Accounting for Stock Based Compensation, (SFAS 123) which requires
   disclosure of the fair value and other characteristics of stock options.
   The Company has chosen under the provisions of SFAS 123 to continue
   using the intrinsic value method of accounting for employee stock based
   compensation in accordance with the Accounting Principles Board Option
   No. 25, Accounting for Stock Issued to Employees.

   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
   July 31, 2003 were not materially different.

   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 2.92 years.  The weighted-average risk-free interest
   rate applied was 5.78%.  No compensatory warrants have been granted
   during the current period.

                                12
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)

NOTE 7 - WARRANTS ISSUED AS COMPENSATION (Continued)

       Stock warrant activity is summarized as follows:

                                             Avg.
                                           Exercise
                                  Shares    Price
       Warrants outstanding
         beginning of
         period                  640,000   $ .22
           Granted                  -         -
           Exercised                -         -
           Canceled or
             expired             640,000      -

       Warrants outstanding
         and exercisable,
         end of period              -      $  -


       There were no outstanding warrants as of July 31, 2003.


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 July 31, 2003 are detailed in the
   following summary:

                                13
<PAGE>
               GOLD STANDARD, INC. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                  July 31, 2003 and October 31, 2002
                           (Unaudited)


NOTE 8 - INCOME TAXES (Continued)

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

       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            --          245,957          --
       October 31, 2014            --          318,944          --
       October 31, 2015            --          167,861          --
       October 31, 2016            --          238,283          --
       October 31, 2018        246,157         259,562          --
       October 31, 2019        319,144             --           --
       October 31, 2020        168,061             --           --
       October 31, 2021        238,483             --           --
       October 31, 2022        259,762             --           --

                            $6,279,453     $ 1,417,955    $ 101,409


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
   $330,743 at July 31, 2003.

                                14
<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 of Financial Condition and Results of Operations
contained in Registrant's Form 10-K for fiscal year ended October 31, 2002.

  RESULTS AND PLAN OF OPERATIONS

  No revenue was generated by Company operations during the nine-month
periods ended July 31, 2003 and 2002.

  Exploration related expenses for the current three-month period ended
July 31, 2003 were $86,323 compared to $78,602 for the three-month period
ended July 31, 2002. Exploration related expenses for the current nine-month
period ended July 31, 2003 were $241,997 compared to $208,036 for the nine-
month period ended July 31, 2002. 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 nine months for the remainder
of the current year.

  Registrant's general and administrative expenses, excluding legal
expenses totaled $202,741 for the nine-month period ended July 31, 2003
compared to $210,509 for the nine-month period ended July 31, 2002.  The two
most significant general and administrative expense categories during the
nine-month period ended July 31, 2003 were (a) professional and consulting
fees $27,649 ($37,124 in 2002) and (b) wages and salaries $117,000 ($117,000
in 2002).  The balance of general and administrative expenses includes office
supplies and expenses, office rent, travel, etc.  Expenses for the remaining
three months of the year, with the exception of professional and consulting
fees, should remain close to level in the first nine months of the year. With
completion of year-end accounting services, professional and consulting fees
should decrease considerably during the remaining three months of the year.
The Registrant's management has been conscientious in striving to control
general and administrative expenses.  The stability of general and
administrative costs during the past three years is a positive reflection on
management's cost control efforts.  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 currently on hand.  As described in more detail
in the Registrant's last Annual Report on Form 10-K, 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
activities through the fiscal year.  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 to continue operations.  Registrant's
ability to raise such additional capital at such time will depend on the
prospects for the 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.  The Registrant also
hopes to increase its working capital through the sale of its available-for-
sale securities.

  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.

  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 not "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 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.

Item 3.   Controls and Procedures.

     Within 90 days of the date of this report, an evaluation was performed by
the Company's President and Chief Financial Officer of the effectiveness of
the design and operation of our disclosure controls and procedures.  Based on
that evaluation, our Company's management concluded that the Company's
disclosure controls and procedures were effective.  There have been no
significant changes in the Company's internal controls or in other factors
that could significantly affect internal controls subsequent to July 31, 2003.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

     None; not applicable.

Item 2.   Changes in Securities.

     None; not applicable.

Item 3.   Defaults Upon Senior Securities.

     None; not applicable.

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

     None; not applicable.

Item 5.   Other Information.

     None; not applicable.

Item 6.   Exhibits and Reports on Form 8-K.

     (a) Exhibits.

         31 302 Certification

         32 906 Certification

     (b) Reports on Form 8-K.*

         Current Report on Form 8-K, dated April 17, 2003, which was filed
         with the Securities and Exchange Commission on May 1, 2003.

         Current Report on Form 8-K, dated May 15, 2003, which was filed
         with the Securities and Exchange Commission on May 20, 2003.

         Current Report on Form 8-K, dated July 8, 2003, which was filed with
         the Securities and Exchange Commission on July 9, 2003.

         *   These documents and related exhibits have previously been filed
             with the Securities and Exchange Commission and are incorporated
             herein by this reference.

<PAGE>

                                SIGNATURES

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

                                         GOLD STANDARD, INC.


Date: 9/12/03                            By:/s/Scott L. Smith
      --------                              ------------------------
                                            Scott L. Smith
                                            President and Chief Financial
                                            Officer and Director