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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