He was purchased at auction for $80,000 by the partnership of Jack & Mark Silverman and television writer/producer David Milch and sent into training with Darrell Vienna.
Gilded Time's win in the Juvenile left him undefeated in his four 1992 races and earned him that year's Eclipse Award for American Champion Two-Year-Old Colt.
Gilded Time was scheduled to compete in the 1993 San Rafael Stakes and the Santa Anita Derby before the U.S.
in January 1993 Gilded Time bruised his left front foot during a workout at his home base at Santa Anita Park.
His next start, and last of his career, came in late December in the Malibu Stakes at Santa Anita Park where he finished sixth.