gold point

gold point

noun
1.
the point at which it is equally expensive to buy, sell, export, import, or exchange gold in adjustment of foreign claims or counterclaims.
2.
the melting point of gold, equal to 1036°C and used as a fixed point on the international temperature scale.

Origin:
1880–85

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
gold point
 
n
finance Also called: specie point either of two exchange rates (the gold export point and the gold import point) at which it is as cheap to settle international accounts by exporting or importing gold bullion as by selling or buying bills of exchange

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