Gold point. Foreign exchange is said to be at the gold point when it is at the point which permits
the importation of gold; likewise foreign exchange is said to be at the gold point when it is at the
point which permits the exportation of gold.   Specifically, the gold import point is reached when the
rate in one country of exchange on another country has declined to a point where it is profitable to
buy exchange on another country and use it to buy gold in the second country (the country where
the exchange is payable) for importation to the first country (the country in which the exchange is
purchased).