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.

gold point

noun

1. finance 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 Also calledspecie point

Word History and Origins

Origin of gold point¹

First recorded in 1880–85

Example Sentences

In this way exchange was kept up practically to the gold point.

From Project Gutenberg