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, 2000
                                                ----------------

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

          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 22,
2000, is 1,269,858 shares.



                                        1

<PAGE>



                          PART I- FINANCIAL INFORMATION

ITEM 1.           FINANCIAL STATEMENTS
                  --------------------

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      January 31, 2000 and October 31, 1999

<TABLE>
<CAPTION>

                                                            Jan. 31, 2000              Oct. 31, 1999
                                                           --------------             --------------
         ASSETS                                              (Unaudited)

<S>                                                        <C>                        <C>
CURRENT ASSETS
   Cash and cash equivalents                               $    1,046,904             $    1,173,257
   Certificates of deposit                                      1,330,054                  1,284,425
   Accounts receivable                                             13,770                      6,992
   Accrued interest                                                10,995                      9,192
   Prepaid expenses                                                 3,341                     12,082
                                                           --------------             --------------

                TOTAL CURRENT ASSETS                            2,405,064                  2,485,984

PROPERTY AND EQUIPMENT
   Equipment and leasehold  improvements                           66,849                     79,463
                                                           --------------             --------------
                                                                   66,849                     79,463

NOTES RECEIVABLE                                                  150,000

OTHER ASSETS
   Investment in affiliate                                        279,958                    279,958
   Deposits                                                         2,520                        690
                                                           --------------             --------------
                                                                  282,478                    280,648
                                                           --------------             --------------

                                                           $    2,904,391             $    2,846,059
                                                           ==============             ==============

</TABLE>



                                        2

<PAGE>



                      GOLD STANDARD, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                      January 31, 2000 and October 31, 1999
                                   (continued)



<TABLE>
<CAPTION>

                                                            Jan. 31, 2000              Oct. 31, 1999
                                                           --------------             --------------
         LIABILITIES AND EQUITY                              (Unaudited)
<S>                                                        <C>                        <C>
CURRENT LIABILITIES
   Accounts payable - trade                                $       12,558             $        9,630
   Accrued liabilities                                                780                      4,175
   Income tax payable                                                 100                        100
                                                           --------------             --------------

         TOTAL CURRENT LIABILITIES                                 13,438                     13,905

STOCKHOLDERS' EQUITY
   Common stock                                                     1,269                      1,169
   Additional paid-in capital                                  13,347,356                 13,197,456
   Accumulated deficit                                        (10,457,672)               (10,366,471)
                                                           --------------             --------------

         TOTAL STOCKHOLDERS' EQUITY                             2,890,953                  2,832,154
                                                           --------------             --------------

                                                           $    2,904,391             $    2,846,059
                                                           ==============             ==============


</TABLE>

See accompanying notes to consolidated financial statements


                                        3

<PAGE>



                               GOLD STANDARD, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               Three month periods ended January 31, 2000 and 1999

<TABLE>
<CAPTION>

                                                                         Three months ended
                                                                            January 31,
                                                                  --------------------------------
                                                                      2000                 1999
                                                                  ------------        ------------
                                                                   (Unaudited)         (Unaudited)

<S>                                                               <C>                 <C>

INCOME FROM                                                       $          -        $          -
  OPERATIONS

EXPENSES
  Depreciation                                                          12,614              13,575
    Leasehold exploration and                                           63,249             168,968
      carrying costs
    General and administrative:
      Legal                                                             12,165               3,461
      Other                                                             66,290              80,437
                                                                  ------------        ------------
         NET INCOME/(LOSS)
         FROM OPERATIONS                                              (154,318)           (266,441)

OTHER INCOME
 (EXPENSES)
  Interest income                                                       63,117              39,363
  Miscellaneous income                                                       -                 218

            NET INCOME/(LOSS)                                     $   ( 91,201)       $   (226,860)
                                                                  ============        ============

Net income/(loss) per common
  share (basic and diluted)                                       $      (0.08)       $      (0.19)
                                                                  ============        ============

</TABLE>

See accompanying notes to consolidated financial statements.


                                        4

<PAGE>



                               GOLD STANDARD, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               Three month periods ended January 31, 2000 and 1999

<TABLE>
<CAPTION>

                                                                         Three months ended
                                                                            January 31,
                                                                  --------------------------------
                                                                      2000                 1999
                                                                  ------------        ------------
                                                                   (Unaudited)         (Unaudited)

<S>                                                               <C>                 <C>
CASH FLOWS FROM
  OPERATING ACTIVITIES
    Net income (loss)                                             $    (91,201)       $   (226,860)
      Add (deduct) adjustments
        to cash basis:
          Depreciation                                                  12,614              13,575
          Increase (decrease) in:                                            -                   -
             Accounts payable                                            2,928             (16,027)
             Accrued liabilities                                        (3,395)            (18,048)
          Decrease (increase) in:
            Accrued interest                                            (1,803)                562
            Prepaid expenses                                             8,741               1,291
            Accounts receivable                                         (6,778)             (1,532)
            Other Assets                                                (1,830)                  0

    NET CASH PROVIDED
      BY/(USED IN) OPERATING
      ACTIVITIES                                                       (80,724)           (247,039)

CASH FLOWS FROM
  INVESTMENT ACTIVITIES
  Property and equipment purchased                                           0              (1,642)
  Increase in certificates of deposit                                  (45,629)            (21,322)

NET CASH USED IN
   INVESTMENT ACTIVITIES                                               (45,629)            (22,964)

NET INCREASE
    (DECREASE) IN CASH                                                (126,353)           (270,003)

CASH BALANCE AT
      BEGINNING OF PERIOD                                            1,173,257           1,940,615
                                                                  ------------        ------------

CASH BALANCE AT END
      OF PERIOD                                                   $  1,046,904        $  1,670,612
                                                                  ============        ============

</TABLE>

See accompanying notes to consolidated financial statements.


                                        5

<PAGE>



                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                      January 31, 2000 and October 31, 1999
                                   (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,  1999,  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,  2000,  have  been  made.  All such  adjustments  were of a normal,
recurring nature.

Principles of Consolidation
---------------------------
The accompanying  consolidated financial statements at January 31, 2000, include
the accounts of Gold Standard, Inc., and its subsidiaries,  Gold Standard South,
Gold Standard Minas,  S.A. and Tormin,  S.A. A former  subsidiary,  Pan American
Motor Sports,  Inc. (PAMS)  (formerly Big Pony Gold, Inc.) is no longer included
in the  consolidated  financial  statements  but is being  reported as an equity
investment.  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 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.  holds certain
mineral  exploration  concessions in Uruguay and conducted  exploration  work on
these properties.

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 January 31, 2000,
there were no geological areas under production.

Earnings (Loss) Per Share
-------------------------
Earnings  (loss) per share of common stock is computed on the weighted-  average
number of shares outstanding during the period (1,269,540  shares).  Warrants to
purchase  shares of common stock were  outstanding  but were not included in the
computation  of diluted loss per share because the warrants  exercise  price was
greater than the average market price of the common shares.

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.



                                        6

<PAGE>



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 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 3 - INVESTMENT IN AFFILIATE

During 1998 the Company  changed its method of accounting  for and reporting its
investment in PAMS from the consolidated to the equity method due to the decline
in their ownership interest from 64.4% to 20%. The Company adjusted the carrying
value of the investment balance for the exchange of stock for assets, conversion
of debt to equity, recognition of the cumulative losses to be reported under the
equity method of accounting,  and the recognition of losses for the current year
since the effective  date of the change in entity.  The Company's  investment in
PAMS at January 31, 2000 is $279,958.

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, 2000.

NOTE 5 - STOCK WARRANTS

In connection with issuance of its common stock, the Company has issued warrants
to outside parties for the purchase additional shares at specified prices in the
future.  Unexercised  warrants aggregate 46,875 shares at January 31, 2000. They
carry a  weighted  average  price of $12 per share and have a  weighted  average
remaining life of 3.17 years.

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 to be repaid in five years. The shares will
be held by the Company until the note is repaid.



                                        7

<PAGE>



NOTE 6 - 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, 2000 are as follows:

                  Net loss
                         As reported                          $ (91,201)
                         Pro forma                            $ (91,201)

                  Loss per share
                         As reported                               (.08)
                         Pro forma                                 (.08)

The pro  forma  effect  on net loss may not be  representative  of the pro forma
effect on net income or loss for future years because the SFAS No. 123 method of
accounting for pro forma  compensation  expense has not been applied to warrants
granted prior to January 1, 1995.

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:  (i) no expected dividend yields;  (ii) an expected volatility rate
of  104%;  and  (iii)  expected   weighted  average  lives  of  1.9  years.  The
weighted-average risk-free interest rate applied was 6.20%.

Stock warrant activity is summarized as follows:

                                                                         Avg.
                                                                      Exercise
                                                   Shares               Price
                                                   ------             --------

               Warrants outstanding
                 beginning of period               200,000            $ 1.75
                          Granted                        -                 -
                          Exercised                      -                 -
                          Canceled or expired            -                 -
                                                   -------

               Warrants outstanding
                 and exercisable
                 end of period                     200,000            $ 1.75
                                                   =======


All 200,000  outstanding  warrants at January 31, 2000 were exercisable at $1.75
per share and  carried a weighted  average  remaining  contractual  life of 3.42
years.



                                        8

<PAGE>



NOTE 7 - 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,  2000,  the  Company  had
receivables   from  these  companies  of  $513,936,   $1,819,396  and  $270,360,
respectively.   All   intercompany   transactions   have  been   eliminated   in
consolidation.

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,  2000 are  detailed  in the  following
summary:

<TABLE>
<CAPTION>

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


<S>                                  <C>                         <C>                   <C>
October 31, 2000                     $           -               $        -            $  150,056
October 31, 2002                                 -                        -                74,928
October 31, 2003                         1,441,272                        -               191,978
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                                 -                  321,411                     -
October 31, 2018                           246,157                        -                     -
October 31, 2019                           321,611                        -                     -
                                     -------------               ----------            -----------
                                     $   5,615,614               $  754,624            $  416,962
                                     =============               ==========            ===========

</TABLE>



                                        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 hard
mineral  properties.  At the present time,  Registrant's  activities  are solely
exploration  related and  concentrated  largely in Brazil.  Registrant is in the
process of discontinuing  exploration activities in Uruguay and has discontinued
exploration  activities in all other locations.  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, 1999.

         RESULTS OF OPERATIONS

         No revenue was generated  through  operations by the Registrant  during
the three month periods ended January 31, 2000 and 1999.

         Exploration  related  expenses for the current three month period ended
January 31, 2000 were  $63,249  compared to $168,968  for the three month period
ended  January  31,  1999.  The  decrease  in  exploration  expenses  is  due to
termination  in  1999  of  all  exploration  activities  in  Paraguay  and  most
activities in Uruguay.  Exploration costs for the Registrant's Brazil properties
have  remained  relatively  constant  between such periods.  Unless  exploration
activities  discover deposits with development  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  $66,290 for the three  month  period  ended  January 31, 2000
compared to $80,437 for the three month period ended  January 31, 1999.  The two
most significant general and administrative  expense categories during the three
month period ended January 31, 2000 were (a)  professional  and consulting  fees
$9,691 ($13,055 in 1999) and (b) wages and salaries  $39,000  ($39,000 in 1999).
The balance of general and administrative  expenses includes office supplies and
expenses,  office  rent,  travel,  etc.  The  Registrant's  management  has been
conscientious in striving to control general and administrative expenses.

         PLAN OF OPERATION

         Registrant presently plans to continue its present level of exploration
activities on the Brazilian  properties where it previously acquired development
rights.  To the extent that  Registrant is unable to generate  revenues from its
activities,  for its  operations  Registrant  will  continue  to  rely on  funds
received in prior years.  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 year 2002.


                                       10

<PAGE>



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 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.  Based on past experience,  however,  the Registrant believes it has
the ability to generate additional funds as needed.

         Cautionary  Statement for Purposes of "Safe Harbor  Provisions"  of the
Private Securities Litigation Reform Act of 1995.

         The Private Securities Litigation Reform Act of 1995 (the Act) provides
a safe harbor for forward-looking statements made by or on 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
matters
  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 the
types or mix of businesses 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 5.           OTHER
                  -----

At the  Company's  last annual  meeting,  held  February 29,  2000,  the current
directors of the Company,  Scott L. Smith,  Bret C. Decker,  Charles W. Shannon,
and Gerald L. Sneddon,  were  re-elected for an additional term of one year with
the following vote:



                                       11

<PAGE>
<TABLE>
<CAPTION>



                                      FOR                WITHHELD                  ABSTAIN
                                      ---                --------                  -------

<S>                                 <C>                       <C>                    <C>

Scott L. Smith                      753,354                   921                    5,499

Bret C. Decker                      753,354                   921                    5,499

Charles W. Shannon                  753,354                   921                    5,499

Gerald L. Sneddon                   753,354                   921                    5,499

</TABLE>

Additionally,   Foote,  Passey,   Griffin  and  Company,  LC,  certified  public
accountants,  was affirmed at the meeting as the Company's independent certified
public  accountants  for the 2000 fiscal year with the following  vote:  752,384
for, 5,926 against, and 1,464 abstain. There were no broker non-votes.

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:

<TABLE>
<CAPTION>

         Exhibit                                                                Location if other
           No.             Title of Document                                    than attached hereto
         -------           -----------------                                    --------------------
         <S>               <C>                                                  <C>

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

         3.02*             Bylaws                                               1999 Form 10-K
                                                                                Exhibit 3.02

         27.1              Financial Data Schedule

</TABLE>

* 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
                  -------------------

No reports on Form 8-K were filed by Registrant during the quarter ended January
31, 2000.



                                       12

<PAGE>



                                   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 22, 2000                      By: /S/SCOTT L. SMITH
         --------------                      ----------------------------------
                                             Scott L. Smith
                                             President and Chief
                                             Financial Officer


                                       13

<PAGE>