gold point

The term "gold point" has applications in both historical finance and physical chemistry, relating to gold's value in trade and its melting point.

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Definition

C1Historical Finance

(technical, historical)The exchange rate at which it becomes equally economical to import or export gold instead of using credit instruments for international transactions.

Example

  • During the gold standard era, traders closely monitored the gold point to determine the most cost-effective method for settling international debts.

C2Physical Chemistry

(technical, scientific)The temperature at which gold transitions from solid to liquid, specifically 1036°C.

Example

  • The gold point is critical in processes that involve melting and casting gold.

Similar

Terms that have similar or relatively close meanings to "gold point":

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