Waaidly

THE WEIGHT MEASUREMENTS OF GOLD
1. Troy Ounce ( oz t): A unit of weight equal to 31.1034768 grams in the standard measurements
2. Gram (g): A metric unit of weight mostly used for smaller quantities of gold
3. Kilogram (kg): A metric unit of weight, equal to 1000 grams or 32.15 troy ounces.
4. Pennyweight ( dwt): An old unit of weight equal to…Read More

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UNDERSTAND THE LANGUAGE AND THE MEASUREMENTS USED IN PRECIOUS METALS INDUSTRY SUCH AS GOLD
There are several measurements used to explain or express the purity, weight and the finesse of gold, these are the mostly used measurements in the gold market or industry.
THE WEIGHT MEASUREMENTS
1. Troy Ounce ( oz t) A unit of weight equal to…Read More

HOW DID GOLD BECOME TOO EXPENSIVE?
Gold has become highly valuable due to many factors.
1. Mining costs: gold has become highly expensive due to increasing costs in mining operations and production costs, labor, environmental expenditures and energy.
2. Central banks have become net purchasers of gold since 2010/2011 and still the market value.…Read More