Over in the middle East (Dubai is where I saw it) they weigh Gold in stores by the gram, I've also seen it this way in the Netherlands Antilles. Only if you knew how many grams in a Troy ounce would you know if they were shorting you, There are almost 3 grams less in an Avoirdupois ounce. This is just from observation, I would imagine they divide the price of Gold $800/oz troy to get $25,72/g.
Mike Payne ----- Original Message ----- From: Paul Trusten To: U.S. Metric Association Sent: Saturday, 10 January 2009 19:26 Subject: [USMA:42295] troy ounce The UK can also continue using miles for roads and the troy ounce for precious metals. Huh? Just as a sidebar here, who, anywhere in the world, trades precious metals in any unit but the troy ounce? To my knowledge, the world still adheres to this measurement unit for the metals. If someone can direct me to a source that quotes the price of gold by the gram or the kilogram, I'd like to hear it, because I've never heard it. Paul Trusten, R.Ph. Public Relations Director U.S. Metric Association, Inc. www.metric.org 3609 Caldera Blvd. Apt. 122 Midland TX 79707-2872 US +1(432)528-7724 [email protected]
