Sell Gold For Cash
Turn Your Old Gold Into Cash!

Troy Ounce Of Gold

Why Are American Silver Eagle Coins a Good Investment Now?

Like other precious metals, silver is often used as an
investment. Although no longer considered to be legal
tender in the US, silver has been regarded as a store of
value and a form of currency throughout the world for more
than 4,000 years.

If you compare the price of silver to the price of gold you
would see that silver is considerably more volatile. That's
because there are fluctuations in the way silver is used.
There can be large fluctuations between store of value and
industrial uses that affect its valuation. And, because
silver has lower market liquidity than gold its volatility
also is greater.

Silver still often tracks the price of gold because of the
intrinsic value of the metal. However, the gold/silver
ratio can vary by quite a bit. The lower the ratio the more
expensive silver is when you compare it to gold.

In 1792 the United States fixed the gold/silver ratio by law
at 1:15. This meant that you could buy 15 troy ounces of
silver with one troy ounce of gold. During the 20th century
the ratio was 1:47. In other words, on average, one troy
ounce of gold would buy 47 ounces of silver.

On September 22, 2010 gold hit a new high. At the close of
the market one troy ounce of gold was selling for ,291.20.
At the close of the market the same day, one troy ounce of
silver was selling for .30. On that day the gold/silver
ratio was 1:67. In other words, one troy ounce of gold
would buy 67 ounces of silver.

Silver has been appreciating rather dramatically since 2005.
To put things into perspective, the yearly cumulative
average price of silver in 2000 was .95. In 2005 the
yearly average cumulative price rose to .31. Throughout
2009 the average cumulative price of silver was .67.

It appears that silver is rising in price very dramatically.
Perhaps it's because people are concerned with the economy.
Since the global recession began in 2008 investors have been
increasing their demand for precious metals. That's because
when inflation increases precious metals have historically
increased in value.

One of the most popular ways to invest in silver is to buy
silver coins. One example is the American Silver Eagle
bullion coin. The American Silver Eagle is the official
silver bullion coin of the US. It is only struck in one
troy ounce sizes and is guaranteed to contain one troy ounce
of 99.9% pure silver.

Theses coins sell for a very small premium over the spot
price of silver. Because of that American Silver Eagle
coins have become one of the most popular ways many people
use to invest in silver.

Frequently Asked Questions

  1. QUESTION:
    How would i go about making a 1 troy ounce gold bar into 6, 5 gram coins?
    I bought 1 troy ounce of gold and am interested in splitting it into 6, 5 gram coins. Who would i contact in order to have these coins made?

    • ANSWER:
      A troy ounce weighs approximately 31.1 grams. You will get 4.78
      6.5 gram coins. You need not melt the gold to make coins, it can be rolled into a blank of appropriate thickness. The trick is to mint the coins. Do you have a design in mind?

      Yopu almost need a mint, or a coin designer. Check Dan Carr, who is a famous coin designer:

      http://www.dc-coin.com/

      Good luck,

      Grandpa

  2. QUESTION:
    1996 Creative Labs .999 troy ounce gold coins Value?
    In 1996 Creative Labs gave away .999 troy ounce gold coins as a promotion for the release of their AWE65 GOLD sound card. Does anyone know what value these coins might have today? Not sure how many where minted or given away to public.
    Sorrty, typo, it was a AWE64. not 65.
    From my memory, the promotion was something like 80 coins given away - one a day for 80 days up to the "official" product release date. You had to "register" for each day's lottery via their website.

    • ANSWER:
      In 1996 the value of one troy ounce of gold was near 0US all year. It is possible the coins have .999 fine gold plating. I can find nothing on these coins or the AWE 65 gold sound card. Might it be AWE 64?

  3. QUESTION:
    what weighs more: a troy ounce of gold or an ounce of gold?
    What is the difference and do jewelers use the regular ounce or a troy ounce.

    • ANSWER:
      1 troy ounce = 1.09714286 ounces

      A troy ounce is slightly more than an ounce. :)

      Precious metals are generally measured by the troy ounce.

  4. QUESTION:
    how much does a troy ounce of gold weigh?
    how many grams is in a troyouce?

    • ANSWER:
      1 troy ounce = 31.1034768 grams

  5. QUESTION:
    How many Grams of gold are in a Troy ounce & How many ounces of gold are in Troy pound?

    • ANSWER:
      1 TROY OUNCE IS 31.103481 GRAMS.

      I tROY POUND IS 12.0 TROY OUNCES.

  6. QUESTION:
    How many grams are in a troy ounce of gold?

    • ANSWER:
      One troy ounce is exactly 31.1034768 grams.

  7. QUESTION:
    Is it better to invest about 0 in 1 troy ounce of gold or 50 troy ounces of silver?
    Please list your source.

    • ANSWER:
      I would say silver. Here's why; At their all time highs, gold was 0/oz. and silver was /oz. Adjusting for inflation, gold should trade at around 00/oz to equal it's previous all time highs and silver around 5/oz. Now, if you take the current prices of gold and silver (0.20 and .30 respectively), that means if you bought 1 oz. of gold and it reached it's inflation adjusted high, you'd make around 00, but if you bought 50 oz. of silver and it reached it's inflation adjusted high, you make around 00. The unknown variable is whether they'll reach those levels. I personally think they will hit their inflation adjusted highs.

  8. QUESTION:
    How much is 1 troy ounce of gold worth?

    • ANSWER:

  9. QUESTION:
    How much is 1 troy ounce of gold worth in US dollars?
    or 1 gram either one works

    • ANSWER:
      New your market closed today at 1007.70
      London is still open and trading at 1001.25

      That is per Ounce

  10. QUESTION:
    what is the difference between a troy ounce and a regular ounce of gold?r?
    i was just curious since i would like to buy some gold and just needed some info

    • ANSWER:
      1 oz(troy) = 31.1034 g
      1 lb(troy) = 373.241 g

      1 oz = 28.3495 g
      1 lb = 453.592 g

  11. QUESTION:
    Price of gold on a certain day was 2 per troy ounce, how much did 1.00 g of gold cost on that day?
    1 troy ounce = 31.03 g

    I turned 1.00 g into 1 troy ounce (.032 troy ounces of gold)

    then I divided

    .032 troy ounce / 932 dollars/troy ounce = 3.458 x 10^-5

    Do I then assume that .032 troy ounces of gold costs roughly .50? :S

    Is that how you would solve/set up this problem? Or have I done this TOTALLY wrong?
    ~~ thank you for the answer!
    ~~ thank you for the answer!

    • ANSWER:
      sorry, set up wrong. Easiest way is to use dimensional analysis.

      (2/troy ounce) x(1 troy ounce/31.03 g) = .04/ g

  12. QUESTION:
    The 100 Yuan 1991 Panda one Troy ounce .999 gold coin Question?
    okay so i have a 100 Yuan 1991 Panda one Troy ounce .999 gold coin. Now it according to yahoo answers it is worth 2k but the condition is not quite good. (some wear and tear and has black smears everywhere but still more than enough to see whats on it) Now according to this i should be looking to sell this for 40 if its real.

    My question is should I sell it or just keep it.

    Also I looked on ebay and they are selling it for 0 or 0 which confuses me. If its worth 1k why sell so cheap. You could buy a bunch of those and sell it for more.
    here is what it looks like

    http://www.pandagoldcoins.net/1991-panda-gold-coins/

    • ANSWER:
      I'm the one that gave you that figure of ,340, which was the spot price of one Troy ounce of gold at the time. This 'black smears everywhere' is new information, and tells me that the coin might be fake, because gold does not tarnish. Also, I remember you saying yours weighed 22 grams, which I told you was wrong - one oz of gold weighs 31.1 grams.

      I looked again at eBay, and there are no 1991 gold pandas in denomination 100 yuan that have sold for 0 or 0, nor are any for sale that low. I don't know where you got that.

      I am pretty sure, from what you've said, that you don't have a genuine coin. Take it to a couple of coin dealers, have it tested, and if it's real, see what the offers are and then decide. If it's real, it's a scarce coin, but it's in bad shape and collectors don't want them that way, which is why I told you that a dealer would try to get it for below bullion price.

  13. QUESTION:
    In 1972 the price of a troy ounce of gold was ºº[1]....?
    Now it is 0-650 how does that figure against the claimed rate of inflation ≈ 3%/year?

    [1] CRC Handbook of Chemistry and Physics, 1975

    • ANSWER:
      why was gold$ 800 a ounce in 1980?

  14. QUESTION:
    What does per troy ounce mean?
    What's the difference between per troy ounce and per ounce like we normally say? How many ounces are there per troy ounce of gold?

    • ANSWER:
      Troy ounces are units of measure that date all the way back to the Middle Ages. Troyes, France Is the city that the unit of measure can be traced back to and is used exclusively in dealing with the mass of precious metals. As another answerer said, one troy ounce is equivalent to around 31.1 grams, or just over 1.1 regular ounces. Basically, that means that it is about 10% heavier than the ounces we are familiar with. Whenever the price of gold or silver is stated in ounces, they're referring to a Troy ounce.

      With the same amount of gold fitting into a Troy ounce now as in the Middle Ages, there is a reason why Glenn Beck and rich people everywhere are investing heavily in precious metals with gold coming in at over 14.5 troy ounces per pound. Currently, gold is trading at 50 per Troy ounce which is why you find so many people taking advantage of the opportunity to trade in their precious scrap metal and jewelry for money.

  15. QUESTION:
    How many grams of pure gold are in 1 troy ounce of 10 karat gold. (10/24 parts gold in 10 karats.)?
    10 Karat gold contains the least amount of pure gold in it that can be legally sold as gold in the US.10 karat gold means that has 10/24 parts gold. Gold is also sold in troy ounces. 1 troy ounce is also equal to 373 grams. How many grams of pure gold are in 1 troy ounce of 10 karat gold.

    • ANSWER:
      approx 12.9 grams.

      troy ounce is about 31.1 grams not 373 grams

  16. QUESTION:
    How many troy Ounces of gold make one bar of Gold and Whats the weight of one bar of Gold also the size?

    • ANSWER:
      Gold bars could be any size, theorietically.

      If you look here:

      https://online.kitco.com/bullion/completelist.html

      They have 1 oz, 10 oz, Kg, and 400 oz bars.

      You can also get "chips" down to 1 gram.

      As far as you question about size, they list a 100 oz bar as 60 mm x 100 mm. It weighs 100 troy ounces, or 3.11 kilograms.

      Grandpa

  17. QUESTION:
    What is the value of a troy ounce of bar gold .999?

    • ANSWER:
      About 5 but the market changes daily.

  18. QUESTION:
    How much is 1 ounce Troy of Fine Gold worth in Canada?
    And where would I go to sell this item?(In edmonton, Alberta if possible)

    • ANSWER:
      At today's prices, a one-ounce Maple Leaf coin would be worth C9.24. For sales help, talk to your bank, or to a dealer in coins.

  19. QUESTION:
    What is the Number Representation of 3.11 Grams of Gold Out Of An Troy Ounce?
    I have a 3.11 gram bar (really odd number but it's from Trusted Bullion) and stamped 3.11 gram 24K .999/1000

    I am wondering what would be the number represented for 3.11g in terms of out of a troy ounce?

    I'm having a total brain fart.

    Thank You!

    • ANSWER:
      That's a 1/10th ounce bar. A Troy ounce is 31.1 grams. An avoirdupois ounce (16 to a pound) is 28 grams.

  20. QUESTION:
    how much 14k gold does it take to make a troy ounce of pure gold?

    • ANSWER:
      14K gold is not pure gold. 24K is pure gold. If you find out what percentage of 14K is gold, then you can calculate how much 14K gold would be needed to get a troy ounce of pure gold.

  21. QUESTION:
    Can I have 1 ounce of gold flakes melted ?
    I mean , is it still valuable as flakes? I aquired 32 grams(1 troy ounce) and was .....lol..... hopeing that it was worth the same as gold bullion. Isnt an ounce worth almost 0 now?
    Can I have it melted into a little bar or round?

    • ANSWER:
      Many jewelers can do this for a price of course. But the old thing is an ounce is an ounce. The only question will be the purity of the gold as bullion is usually pure - 24 karat - and depending your shavings may not be.

  22. QUESTION:
    Price of gold per karat; How much it would cost for 18K?
    Gold now is going high in prices, but they didnt put an accurate karat on that price. Im sure the price varies on the content of the karats.

    How many karats for the price of 44 troy ounce of gold?
    Please let me know.

    • ANSWER:
      1 ounce of 24 carat of gold is going for 49.56 AUD

  23. QUESTION:
    Has anyone tried Pro Gold Network?
    I turned in some of my unwanted jewelry to progoldnetwork.com...i just got an email from them saying they have reached a settlement and to contact them but it was already after 5pm an i dont have the tracking # to look it up on line....this is what part of the email said.;

    If you Accept our offer, you will be prompted to select your method of payment and provide the necessary information for Pro Gold Network to actually make your payment. If you Decline our offer, we will return your items to you with no questions asked.

    Applied metal rates are (in troy Ounce):

    Gold: ,333.50
    Silver: .73
    Platinum: ,685.00

    what does troy ounces mean?? These numbers can't be what im getting for my jewelry can it?? Im confused and anxious

    • ANSWER:

  24. QUESTION:
    Would buying gold in 1970 have made me rich?
    Is it true that if I bought gold in 1970 and sold it now, I would have made a lot of money? I ask this because if you look at the price of gold per troy ounce in 1970, it was , and now in 2010, it is 35. That's an increase of 00!!! If I bought say, 50 ounces of gold back then, I would have gained ,000 .

    • ANSWER:
      Well yes and no.
      YES, you would have made 000 -- assuming that 40 years ago you had: an extra 50 to (a lot of rent money!) and 40 FULL years of patience.

      But NO, it's not a real ,000. Remember, 3-4% of growth is simply inflation (and during the 1980s MUCH higher). So the "growth" of 50 due to inflation should be subtracted from 000 -- simply because 50 is much weaker in 2010 than it was in 1970.

      Similarly, consider other comparable investments you woulda-coulda-shoulda made, and you'll see that it's not really 000 that you'd have made, but some extra thousands over weaker investments. I just hope the 50 didn't end up in a 0% checking account or under the mattress...

  25. QUESTION:
    how many grams are in 4 troy ounces of gold?

    • ANSWER:
      124.4 grams

  26. QUESTION:
    precious metals and gems are measured in troy weights in the English system?
    1. what is one troy pound in kilograms and in pounds
    2. what is the mass of a troy ounce of gold in grams and in carats
    3. the density of gold is 19.3 g/m^3. what is the volume of a troy pound of gold

    i really need help and any helpful answer is appreciated

    • ANSWER:
      Here are a couple of calculators:

      http://www.goldcalculator.com/index_files/page0033.htm

      http://www.goldcalculator.com/index_files/page0033.htm

      If I can work out your questions, I'll get back to you.

  27. QUESTION:
    How much is an ounce of 14ct gold worth?
    I have quite a few of the stuff and just wanted to be clued up before I go and sell it. I checked the gld stock websites that tell you how much the gold is worth but I dont understand it..they talk of troy ounce and whats that?

    Thank you.

    • ANSWER:
      A troy ounce is about 31 grams

      14 Carat gold is 7/12 pure and is referred to as "Junk Gold"

      Gold is worth 6 USD per pure ounce, But your gold is not pure and is not in recognized investment bars or coins so it will fetch a lower price than 7/12 X 906.

      The person buying it would want to make a profit and ensure your gold is the purity you say it is.

      If your gold is jewellry, you might be better off to auction it on E-bay

  28. QUESTION:
    What is the price of gold in troy ounces, in terms of US Dollars?

    • ANSWER:
      1137.50 $U.S.

  29. QUESTION:
    what is the going price per troy ounce bar of 24 carat gold in bahrain?

    • ANSWER:
      As of Tuesday, Nov. 16, 2010 it was BHD505/troy ounce.

  30. QUESTION:
    When you hear about the price of gold per ounce what karat is being refered to...10k, 14k, 20,22,24,etc?
    Does karat effect the price of gold? When you hear the price of gold is say 2 a troy ounce..what carrat does that refer to?

    • ANSWER:
      24 is 100% gold. Everything else is a fraction of 24 (i.e. 14/24 = 58%). Its mixed with other metals to give it strength (and size)

  31. QUESTION:
    do i have to pay taxes on gold?
    I have about a pound in troy ounces of gold I've panned,dredged ect.. since I was 15 and just started thinking do I need to pay taxes on it?

    • ANSWER:

  32. QUESTION:
    What is the price for a pound or ounce of gold in the U.s?
    not troy ounce regular ounce

    • ANSWER:

  33. QUESTION:
    How much is a troy ounce of silver worth? Where can you buy gold?

    • ANSWER:
      Sliver is .62 per troy ounce at this moment. See the web site below for current quotes:
      http://www.kitco.com/market/

      Your local coin shop can probably sell you gold bullion coins. So can these people:
      https://online.kitco.com/

  34. QUESTION:
    One gram of gold 14k how much is it worth?
    ok so i bought 1 gram of 14k gold ( im not sure if its 14k just assuming i need 2 have it tested) for .99 on ebay, if my math is correct (current price of gold 0/troy ounce there are 31 grams in a troy ounce thus making each gram worth with 14k gold being %58.3 pure that would mean that one gram of 14k gold would be worth .24 correct?

    • ANSWER:
      Yes, your math is correct.

  35. QUESTION:
    How/where does one purchase gold as its listed in the commodities ?
    I'm thinking of ditching my IRA because of .... you know. I would like to know how to get "troy ounce" of gold with what I have left. Any help is appreciated.

    • ANSWER:
      There is an Exchange Traded Fund that represents the gold commodity. It is under the ticker GLD - and reflects the price of the underlying gold. It trades like a regular stock and you can buy it in your IRA

  36. QUESTION:
    The price of gold rises from 4 to 0 a troy ounce in a day's trading on the futures' market.?
    Whatis the percentage increase?

    Please show working

    • ANSWER:
      340-324/324 = 0.0494 x 100 = 4.94 percent

  37. QUESTION:
    Troy Ounces Conversion Help Gold Refinery Question!!!!?
    I am having trouble figuring this out. Lets say I have 3 grams of 14K gold. I know that a troy oz is 31.15g and lets say today's price of Gold is 1500.00 per troy oz. The Refinery only pays 98% of a troy oz. BUT, for 14kt, only 58% is counted. If anyone has experience with Gold Scrap please, you know what I'm talking about and help me figure this out!

    • ANSWER:
      Well the reason that only 58% of the weight of 14 karat gold is counted is because it is only 58.33% of actual gold, with the rest being other metals, such as copper or silver. Pure gold is 24 karat. Therefore: 14 divided by 24 = 0.58333 = 58.33%. If the refinery actually pays 98% of the gold spot price that is a super good offer.

  38. QUESTION:
    calculate the area (in in2) of gold foil with a thickness of 1.6 x 10^-5 in could be made from 2.48 troy ounce?
    assume 1 troy ounce = 31.1 g; density of gold = 19.3 g/cm^3

    and Calculate the number of gold atoms present in the 2.48 troy ounce sample

    • ANSWER:
      2.48 troy oz @ 31.1 g ea = 77.13 g

      77.13 g @ 19.3 g/cm^3 = 3.996 cm3

      3.996 cm3 @ 1 (cubic inch) = 16.39 cubic centimeter = 0.2438 cubic inches

      volume = thickness times surface area
      0.2438 cubic inches = (1.6 x 10^-5 in) (surface area )

      surface area = 15238.9 square inches

      yor first answer, rounded to 2 sig figs would be
      15,000 square inches
      ======================================================

      Calculate the number of gold atoms present in the 2.48 troy ounce sample

      using molar mass & avagadro's number:
      77.13 g @ 6.02 e23 atoms / 196.97 g Au = 2.36 e23 atoms

      your answer is
      2.36 X 10^23 atoms

  39. QUESTION:
    Does anyone know about .999 pure gold?
    Does anyone know what one troy ounce of gold cost today. It is a gold bar that says .999 pure gold. It also has a gold coin on the bar. I had someone check it last night and they said it is real gold. Please Help!

    • ANSWER:

  40. QUESTION:
    Anybody good in math?
    I turned in some of my unwanted jewelry to progoldnetwork.com...i just got an email from them saying they have reached a settlement and to contact them but it was already after 5pm an i dont have the tracking # to look it up on line....this is what part of the email said.;

    If you Accept our offer, you will be prompted to select your method of payment and provide the necessary information for Pro Gold Network to actually make your payment. If you Decline our offer, we will return your items to you with no questions asked.

    Applied metal rates are (in troy Ounce):

    Gold: ,333.50
    Silver: .73
    Platinum: ,685.00

    what does troy ounces mean?? These numbers can't be what im getting for my jewelry can it?? Im confused and anxious.

    • ANSWER:
      troy ounces are generally used to weigh precious metals like gold or silver. The only difference in troy ounces are troy ounces have 12 troy ounces per pound instead of 16 ounces per pound. I would assume the price listed is what they will pay you per troy ounce of precious metal received.

  41. QUESTION:
    How much will you spend on an Easter Egg....?
    How about £1,000?

    As Easter approaches for recession-hit Britain, one retailer is calling for shoppers to loosen their belts and tuck into a £1,000 chocolate egg.

    Department store Selfridges hopes customers will be tempted to shell out for the eggs, which contain a gold coin, on the basis they will go up in value.

    The retailer says the confectionary, which is handmade by Melt, "makes for a wise investment".

    The one troy ounce gold coin is worth almost £900, 75% higher than in 2005, and forecasters expect the value to rise even further.

    A Selfridges spokesman said: "According to the financial institution Swiss bank UBS, demand for gold will double this year compared to 2007, as investors see the precious metal as a safe haven during the current volatile economic climate."

    Ewan Venters, director of food and drink at Selfridges, said: "Don't invest in the stock market this Easter, invest in the golden egg instead.

    "It really is worth its weight in gold - even after the fantastic chocolate has been eaten."

    http://news.sky.com/skynews/Home/Business/Gold-Coin-Easter-Egg-Costing-Thousand-Pounds-On-Sale-At-Selfridges-Despite-Recession/Article/200904115256356?lpos=Business_First_Strange_News__Article_Teaser_Region__4&lid=ARTICLE_15256356_Gold_Coin_Easter_Egg_Costing_Thousand_Pounds_On_Sale_At_Selfridges_Despite_Recession

    So the coin costs just under £900. Thats chocolate costing over £100 then.

    Hope it tastes nice?

    • ANSWER:
      If my Wife saw your post I would have to be in the Supermarket in five minutes flat!

      Do you know how much the First Editions of the Scottish Comics "Beano" and "Dandy" sell for?

      "A copy of this first issue (Beano) sold for £12,100 on 16 March 2004, which was at the time thought to be the highest price ever paid for a British comic at an auction. The current highest price is £20,350 which was paid for the first issue of The Dandy on 7 September 2004".

      Investment wise, this Egg may be a Goer.

  42. QUESTION:
    Trying to sell gold chain?
    Hi. I'm trying to sell my 24K gold chain, which is about 27grams (about 0.87 troy ounces), as gold but not as accessory. I got it when the gold price was about 0/troy ounce. And as of April 20, it's over 00/troy ounce. So, I'd like to sell it now. I wondered if anyone knows where I can try to sell it and how much it would be. I'm sure that stores wouldn't pay at the exact gold market price, because they would like to take some profit out of it.

    The reason that I'm asking this question is that I brought this chain to the shop where I had purchased it to see how much it would be worth. The market price of this product was about 0 at that time, but the store owner said that she could buy it back at 0. They were trying to make 0 out of it. That's a little too much, I think. Does anyone have an idea? Thanks in advance!

    • ANSWER:
      be fore warned if you take it to a jewelery store or a pawn shop they will pay you as the price of scrap gold not the price wall street posts.

      best to sell it private maybe ebay.

  43. QUESTION:
    This question is very long but I really need help, precisous metals and gems are measured in troy weights in?
    English System:
    24 grains = 1 pennyweight (exact)
    20 pennyweight = 1 troy ounce (exact)
    12 troy ounces = 1 troy pound (exact)
    1 grain = .0648 gram
    1 carat = .200 gram

    a. what is one troy pound in kilograms and in pounds?
    b. what is the mass of a troy ounce of gold in grams and in carats?
    c. the density of gold is 19.3 g/cm^3. what is the volume of a troy pound of gold?
    plz i really answers and i appreciate it

    • ANSWER:
      a.

      1 troy pound = 12 troy ounces=240 pennyweight= 5760 grains.

      1 grain = 0.0648 gram

      5760 * 0.0648 = 373.248 grams.

      1000 gram = 1 kilogram

      373.248 / 1000 = 0.373248 kg

      b. 1 troy ounce = 20 penny weight = 480 grains

      1 grain = 0.0648 grams

      480 * 0.0648 = 31.104 grams

      1 carat= .200 gram

      31.104 / .200 = 155.52 carats

      c. 31.104 grams / 19.3 g/cm^3 = 1.61 cm^3

  44. QUESTION:
    How much is a troy once of 14k gold worth?
    I have about 40 grams of 14k gold. I am assuming that is about 1.3 troy ounces if I am understanding the calculation correctly. I was offered 0 for the 40g or 1.3 troy onces coming out to 0 a troy once. Is that fair?

    • ANSWER:
      You can look up the spot price of 24K anytime:

      http://www.kitco.com

      Prices can change rapidly, though, so check before you buy or sell.

      Since your gold is 14K multiply the weight by 14/24, so 40/31 X 14/24 = 0.7526 troy ounces of 24K gold in your 40 grams of 14K gold.

      Spot price is somewhere near 00US as I write this, so spot value would be roughly 0.

      You can expect to sell at a discount, the purchaser should be allowed to make a profit. Only you can decide if 18% is too much.

      Grandpa

  45. QUESTION:
    Hasn't it been wonderful how our federal government has managed to steal all it's citizens money over the past?
    100 years?
    Let's see now, 100 years ago you could buy a troy ounce of gold for 20.07 dollars
    Now it will cost you 870 dollars
    Thankyou federal gov't for stealing all our money
    Is that what the founders of this country intended for the government to do
    Steal all our property from us?

    • ANSWER:
      Well of course the government needs all the money
      to bail out the inemptly managed corporations of America
      that is what America is all about
      along with favouring women an d blacks in the marketplace
      and the government will continue under Obama to steal any savings
      that Americans mange to squirrel away
      it all statred under Roosevelt

  46. QUESTION:
    Is Gold qoted in LME is troy ounce or ounce. 1 troy ounce is 31.1034768 grams and 1 ounce is 28.3495231grams?
    Is Palladium and Platinum quoted on same basis of gold in LME. London Metals Exchange.

    • ANSWER:
      gold is always quoted in troy ounces.

  47. QUESTION:
    Ratio of ounces, troy vs. advps?
    Troy ounces are gold weights. Advps=advoudupois (sp??)

    • ANSWER:
      .91146

  48. QUESTION:
    What happened to the price of gold?
    What happened to the price of gold? Two weeks ago gold was almost 00 per troy ounce. Then all of a sudden it was more like 0 per ounce. How does gold go down 20% in one day?

    • ANSWER:
      Easy. The markets will go up and down all the time. The price of gold might be low right now, but it will go back up again. Same as the share market.

      Don't stress too much. The value of resources tends to improve over time. Just keep waiting. It'll come back up, I promise.

      I've been investing for years. After every crash there is ALWAYS an even bigger boom. So relax and buy more now (while it's cheap).

  49. QUESTION:
    Gold Prices and Troy Ounces?
    I have two rings and a necklace that weigh 6.5 oz on my postal scales. They are all 24K gold.

    What is that equal to in troy ounces, the measurement of precious metals.

    Also, if the gold is only 18K, how does that change the price?

    • ANSWER:

  50. QUESTION:
    Investing in gold for long term?
    Can I buy gold in grain form and Gram form?
    As long as I have an ounce of gold it shouldn't matter if some are in grain or gram form right?
    And is a Troy ounce equal to an ounce of gold?
    So a Troy ounce is equal to a regular ounce?
    Also, if i have an ounce of grains of gold it is still considered an ounce of gold right?

    • ANSWER:
      yes you can. It is better as troy ounces or coins.


Conjugated Linoleic Acid | best diet pills | Vitamin D3 | Teeth Whitening