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 April 30, 2002

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

           For the transition period from ____________ to ____________

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

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

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

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

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

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

         The number of shares of the  issuer's  common stock  outstanding  as of
June 12, 2002, is 1,269,885 shares.

<PAGE>


                          PART I. FINANCIAL INFORMATION

Item 1 - Financial Statements

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                       April 30, 2002 and October 31, 2001
<TABLE>
<CAPTION>


                                                 April 30, 2002     October 31, 2001
                                                 --------------     ----------------
                                                   (Unaudited)
                 ASSETS
<S>                                              <C>                <C>
CURRENT ASSETS
     Cash and cash equivalents                   $    1,156,368     $        59,548
     Certificates of deposit                                  -           1,354,112
     Accounts receivable                                    100               7,512
     Accrued interest                                         -               9,260
     Prepaid expenses                                     3,306               5,476
                                                 --------------     ---------------
                 TOTAL CURRENT ASSETS                 1,159,774           1,435,908

PROPERTY AND EQUIPMENT
     Equipment and leasehold
       improvements                                      11,190              17,107
                                                 --------------     ---------------
                                                         11,190              17,107

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

                                                 $    1,264,629     $     1,546,680
                                                 ==============     ===============

                 LIABILITIES AND EQUITY

CURRENT LIABILITIES
     Accounts payable - trade                    $        4,582     $         4,956
     Accrued liabilities                                    647                 647
     Income tax payable                                       -                 100
                                                 --------------     ---------------
                 TOTAL CURRENT LIABILITIES                5,229               5,703

STOCKHOLDERS' EQUITY
     Common stock                                         1,270               1,270
     Additional paid-in capital                      13,314,437          13,314,437
     Note receivable from related party
        for stock issued                               (135,338)           (132,169)
     Accumulated deficit                            (11,920,969)        (11,642,561)
                                                 --------------     ---------------
                 TOTAL STOCKHOLDERS' EQUITY           1,259,400           1,540,977
                                                 --------------     ---------------
                                                 $    1,264,629     $     1,546,680
                                                 ==============     ===============
</TABLE>


          See accompanying notes to consolidated financial statements.

                                       1
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
            Three and six month periods ended April 30, 2002 and 2001
<TABLE>
<CAPTION>


                                                 Three months ended                 Six months ended
                                                   April 30,                           April 30,
                                         ---------------------------------  -----------------------------
                                               2002             2001             2002            2001
                                          ---------------------------------  -----------------------------
                                           (Unaudited)      (Unaudited)       (Unaudited)     (Unaudited)

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

 EXPENSES

Depreciation                                      2,959          8,384              5,918          16,768
   Leasehold exploration
     and carrying costs                          67,110         57,069            129,434         162,598
   General and administrative:
     Legal                                       11,372          2,565             13,330          10,564
     Other                                       86,148         89,975            152,148         163,197
                                          -------------    -----------        -----------    ------------
         NET LOSS FROM OPERATIONS              (167,589)      (157,993)          (300,830)       (353,127)

 OTHER INCOME (EXPENSES)
   Interest income                                4,845         27,482             22,424          51,399
   Miscellaneous income                               -              -                  -               -
                                          -------------    -----------        -----------    ------------

NET INCOME (LOSS)                         $    (162,744)   $  (130,511)       $  (278,406)   $   (301,728)
                                          =============    ===========        ===========    ============



Net income (loss) per common share        $       (0.13)   $     (0.10)       $     (0.22)   $      (0.24)
                                          =============    ===========        ===========    ============

</TABLE>



          See accompanying notes to consolidated financial statements.

                                       2
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
            Three and six month periods ended April 30, 2002 and 2001
<TABLE>
<CAPTION>

                                                Three months ended                  Six months ended
                                                    April 30,                          April 30,
                                          ---------------------------------------------------------------
                                              2002            2001                 2002         2001
                                          ---------------------------------------------------------------
                                           (Unaudited)     (Unaudited)        (Unaudited)    (Unaudited)
<S>                                       <C>              <C>                <C>            <C>
CASH PROVIDED BY (USED IN)
  OPERATING ACTIVITIES
   Net income (loss)                      $    (162,744)   $  (130,511)       $  (278,406)   $   (301,728)
    Add (deduct) adjustments
     to cash basis:
       Depreciation                               2,959          8,384              5,918          16,768
       Decrease (increase) in:
        Accrued interest                              -        (19,853)             9,260         (20,183)
        Prepaid expenses                          1,402           (321)             2,170             670
        Accounts receivable                        (100)             -              7,412               -
       Increase (decrease) in:
         Accounts payable                         1,518        (43,276)              (377)            808
         Income tax payable                        (100)          (100)              (100)           (100)
         Accrued liabilities                          -           (339)                 -            (445)
                                          -------------    -----------        -----------    ------------

             NET CASH PROVIDED BY (USED
             IN) OPERATING ACTIVITIES          (157,065)      (186,016)          (254,123)       (304,210)

CASH USED IN INVESTMENT

  ACTIVITIES
   Decrease (increase) in
    certificates of deposits                          -              -          1,354,112         (13,504)
   Equipment purchased                                -              -                  -          (1,091)
   Increase in note receivable                   (1,188)        (2,328)            (3,169)         (4,657)
                                          -------------    -----------        -----------    ------------

             NET CASH USED IN
             INVESTMENT ACTIVITIES               (1,188)        (2,328)         1,350,943         (19,252)

NET INCREASE (DECREASE) IN CASH                (158,253)      (188,344)         1,096,820        (323,462)

CASH BALANCE AT BEGINNING
  OF PERIOD                                   1,314,621        443,788             59,548         578,906
                                          -------------    -----------        -----------    ------------

CASH BALANCE AT END
  OF PERIOD                               $   1,156,368    $   255,444        $ 1,156,368    $    255,444
                                          =============    ===========        ===========    ============
</TABLE>



          See accompanying notes to consolidated financial statements.

                                       3
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       April 30, 2002 and October 31, 2001
                                   (Unaudited)



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

         Financial Statements
         --------------------
         The financial  information  provided in the Consolidated  Balance Sheet
         for the year ended  October 31,  2001,  has been taken from the audited
         financial  statements at that date. In the opinion of  management,  all
         adjustments necessary to present fairly the financial position, results
         of operations and cash flow at April 30, 2002, have been made. All such
         adjustments were of a normal, recurring nature.

         Principles of Consolidation
         ---------------------------
         The accompanying  consolidated  financial statements at April 30, 2002,
         include the accounts of Gold Standard, Inc., and its subsidiaries, Gold
         Standard  South,  Gold Standard  Minas,  S.A. and Tormin,  S.A. As used
         herein,  references to Gold  Standard,  Inc.,  the  Registrant,  or the
         Company   refers  to  Gold   Standard,   Inc.   and  its   consolidated
         subsidiaries.  All significant  intercompany  balances and transactions
         are eliminated.

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

         Investment in Mining Properties
         -------------------------------
         Prospecting and exploration costs incurred in the search for new mining
         properties are charged to expense as incurred.  Direct costs associated
         with the development of identified  reserves are capitalized  until the
         related geological areas are put into production, sold or abandoned. As
         of April 30, 2002, there were no geological areas under production.

                                       4
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       April 30, 2002 and October 31, 2001
                                   (Unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

         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 April  30,  2002 in the form of stock  warrants.  These
         warrants  were excluded in the  calculations  of diluted loss per share
         because their inclusion would have been anti-dilutive.

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

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

NOTE 2 - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

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

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

                                       5
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       April 30, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 3 - INVESTMENT IN AFFILIATE

         The Company holds a 21.6% investment in Pan American Sports (PAMS). The
         Company accounts for the investment using the investment method. During
         2001 the Company  adjusted the carrying  value of the investment to its
         estimated net  realizable  value.  The Company's  investment in PAMS at
         April 30, 2002 is $93,665.

NOTE 4 - MINING PROPERTIES

         The Company holds directly or through its subsidiary companies, mineral
         and exploration  rights to property located in 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 April 30, 2002.

NOTE 5 - RELATED PARTY TRANSACTIONS

         The  Company  has  funded  the  majority  of  the   operations  of  its
         subsidiaries  Gold Standard South, Gold Standard Minas, and Tormin S.A.
         with unsecured  non-interest  bearing  long-term  cash advances.  As of
         April 30, 2002,  the Company had  receivables  from these  companies of
         $513,936,  $2,507,665  and  $270,360,  respectively.  All  intercompany
         transactions have been eliminated in consolidation.

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

NOTE 6 - NON-COMPENSATORY STOCK WARRANTS

         In connection with issuance of its common stock, the Company has issued
         warrants to outside  parties for the purchase of  additional  shares at
         specified prices in the future.  Unexercised  warrants aggregate 46,875
         shares at April 30, 2002.  They carry a weighted  average  price of $12
         per share and have a weighted average remaining life of .91 years.

                                       6
<PAGE>

                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       April 30, 2002 and October 31, 2001
                                   (Unaudited)


NOTE 7 - WARRANTS ISSUED AS COMPENSATION

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

         Reported and pro forma net loss and loss per share for the period ended
         April 30, 2002 are as follows:

                           Net loss
                             As reported             $ (278,406)
                             Pro forma               $ (278,406)

                           Loss per share
                             As reported                   (.22)
                             Pro forma                     (.22)

         The  weighted-average  fair  values at date of grant  for  compensatory
         warrants were estimated using the  Black-Scholes  option pricing model,
         based on the following  assumptions:  (1) no expected  dividend yields;
         (ii) an expected  volatility rate of 110%; and (iii) expected  weighted
         average lives of 3.17 years. The  weighted-average  risk-free  interest
         rate applied was 5.78%.

         Stock warrant activity is summarized as follows:

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

         All 100,000 outstanding  warrants at April 30, 2002 were exercisable at
         $1.75 per share and carried a weighted  average  remaining  contractual
         life of 1.17 years.

                                       7
<PAGE>


                      GOLD STANDARD, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                       April 30, 2002 and October 31, 2001
                                   (Unaudited)

 NOTE 8 - INCOME TAXES

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

         The amounts and  expiration  dates of net operating loss carry forwards
         and  investment  tax  credits  at April 30,  2002 are  detailed  in the
         following summary:

                                      Federal            State            Net
                                    Net Operating     Net Operating     Capital
         Expiration Date                Loss             Loss            Loss
         ----------------           -------------     -------------   ----------
         October 31, 2002           $        --        $        --    $   74,928
         October 31, 2003             1,441,272                 --       101,409
         October 31, 2004               675,277                 --            --
         October 31, 2005             1,106,261                 --            --
         October 31, 2006               545,495                 --            --
         October 31, 2007               478,137                 --            --
         October 31, 2009               613,656                 --            --
         October 31, 2010               124,338            124,138            --
         October 31, 2012                63,410             63,210            --
         October 31, 2013                    --            245,865            --
         October 31, 2014                    --            318,944            --
         October 31, 2015                    --            167,861            --
         October 31, 2016                    --            245,121            --
         October 31, 2018               246,157                 --            --
         October 31, 2019               319,144                 --            --
         October 31, 2020               168,061                 --            --
         October 31, 2021               245,321                 --            --
                                    -----------        -----------    ----------
                                    $ 6,026,529        $ 1,165,139    $  176,337
                                    ===========        ===========    ==========

NOTE 9 - CONCENTRATION OF CREDIT RISK

         The Company  maintains  substantially  all cash  balances  with various
         financial  institutions  located in the State of Utah.  Accounts at the
         financial  institutions  are insured by the Federal  Deposit  Insurance
         Corporation up to $100,000 per institution.  Uninsured balances totaled
         $1,056,368  at April 30, 2002.


                                       8
<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-KSB for fiscal year ended October 31, 2001.

Results and Plan of Operations

         No revenue was generated by Company operations during the six-month
periods ended April 30, 2002 and 2001.

         Exploration related expenses for the current three-month period ended
April 30, 2002 were $67,110 compared to $57,069 for the three-month period ended
April 30, 2001. Exploration related expenses for the current six-month period
ended April 30, 2002 were $129,434 compared to $162,598 for the six-month period
ended April 30, 2001. Unless exploration activities discover deposits with
developmental potential or Registrant acquires new exploration opportunities,
Registrant currently anticipates that exploration expenses will continue at the
level experienced in the first six months for the remainder of the current year.

         Registrant's general and administrative expenses, excluding legal
expenses totaled $86,148 for the three-month period ended April 30, 2002
compared to $89,975 for the three-month period ended April 30, 2001. General and
administrative expenses, excluding legal expenses totaled $152,148 for the
six-month period ended April 30, 2002 compared to $163,197 for the six-month
period ended April 30, 2001. The two most significant general and administrative
expense categories during the six-month period ended April 30, 2002 were (a)
professional and consulting fees $35,097 ($37,658 in 2001) and (b) wages and
salaries $78,000 ($78,000 in 2001). The balance of general and administrative
expenses includes office supplies and expenses, office rent, travel, etc.
Expenses for the remaining six months of the year, with the exception of
professional and consulting fees should remain close to level in the first six
months of the year. With the completion of year-end accounting services,
professional and consulting fees should decrease considerably during the
remaining six months of the year. The Registrant's management has been
conscientious in striving to control general and administrative expenses. The
Registrant has no long-term debt and is expected to meet all of its obligations
as they come due.

         Registrant presently plans to continue its present level of exploration
activities on its Brazilian properties. To the extent that Registrant is unable
to generate revenues from its activities, for operations Registrant will
continue to rely on cash, cash equivalents and certificates of deposit currently
on hand. As described in more detail in the Registrant's last Annual Report on
Form 10-KSB, 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 ending
October 31, 2003. 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

                                       9
<PAGE>

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's future results of operations, to a significant degree,
depend 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.

         In addition to continuing operations as described above, the Registrant
continues its efforts exploring opportunities to merge or consolidate with
another operating business, in an effort to reestablish a Nasdaq listing, to
redirect operations, and/or to take advantage of the Registrant's status as a
public entity. As previously disclosed, such efforts may lead to a change in
business direction. While the Registrant has reviewed a number of potential
opportunities over the past year, to date it has not entered into any agreements
or arrangements to effect such changes.

Factors that May Affect Future Results

         THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS
AMENDED. FORWARD-LOOKING STATEMENTS RELATE TO OUR FUTURE PLANS, OBJECTIVES,
EXPECTATIONS, AND INTENTIONS. THESE STATEMENTS MAY BE RECOGNIZED BY THE USE OF
WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "INTENDS," "PLANS,"
"SHOULD," "SEEKS," "ANTICIPATES," AND SIMILAR EXPRESSIONS. IN PARTICULAR,
STATEMENTS REGARDING OUR ESTIMATED FUTURE OPERATIONAL EXPENSES, NEED FOR
ADDITIONAL CAPITAL, AND POTENTIAL FUTURE BUSINESS OPPORTUNITIES ARE
FORWARD-LOOKING STATEMENTS AND SUBJECT TO MATERIAL RISKS. ACTUAL RESULTS COULD
DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A
RESULT OF THE FACTORS SET FORTH BELOW AND THE MATTERS SET FORTH IN THE REPORT
GENERALLY. WE CAUTION THE READER, HOWEVER, THAT THIS LIST OF FACTORS IS NOT BE
EXHAUSTIVE, PARTICULARLY WITH RESPECT TO FUTURE FACTORS. ANY FORWARD-LOOKING
STATEMENTS ARE MADE PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995 AND, AS SUCH, SPEAK ONLY AS OF THE DATE MADE. WE UNDERTAKE NO
RESPONSIBILITY TO UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS FOR ANY REASON,
EVEN IF NEW INFORMATION BECOMES AVAILABLE OR OTHER EVENTS OCCUR IN THE FUTURE.

         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 exploration related activities, 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.

                                       10
<PAGE>

                           PART II - OTHER INFORMATION

Item 1 - Legal Proceedings

         None.

Item 2 - Changes in Securities

         None.

Item 3 - Defaults on Senior Securities

         None.

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

         During the quarter ended April 30, 2002, Registrant held no regularly
scheduled, called or special meetings of shareholders during the reporting
period, nor were any matters submitted to a vote of this Company's security
holders.

Item 5 - Other Information

         Charles Shannon, a director of the Registrant since 1979, died in March
2002. The Registrant's board of directors now has three directors and no current
plans to fill the vacancy resulting from his death.

Item 6 - Exhibits and Reports on Form 8-K

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

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

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

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

         3.02*         Amended Bylaws                        2000 Form 10-KSB
                                                             Exhibit 3.02

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

                                       11
<PAGE>

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

         There were no reports on Form 8-K filed by the Registrant during the
quarter ended April 30, 2002.


                                   SIGNATURES

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

                                          GOLD STANDARD, INC.


Date     June 13, 2002                    By:/s/Scott L. Smith
                                          -------------------------------------
                                          Scott L. Smith
                                          President and Chief Financial Officer




                                       12
<PAGE>