[meteorite-list] $ gold / Oz

From: Michael Blood <mlblood_at_meteoritecentral.com>
Date: Thu, 10 Jun 2010 15:06:29 -0700
Message-ID: <C836AFF5.F2E7%mlblood_at_cox.net>

Hi GeoZay and all,
        Well, now that I know it is 20 penyweight, that
Clears it up for me.

        GeoZay wrote:
> I remember the attempt to go metric in this country and it was a big pain
> in the butt for me to mentally convert. I'm glad it didn't catch on. I
> basically know approximately what the various units are, but I just don't
> think in daily life with metric units in mind.
        



On 6/10/10 6:34 AM, "GeoZay at aol.com" <GeoZay at aol.com> wrote:

> Michael...
>
>>> And most importantly, if an oz of gold is worth X dollars, is it a
> Troy Oz or a US/"Imperial" Oz?<<
> When dealing with gold or other precious metals, Troy oz is the weight
> measurement you are using. It's been around a long, long time and it's not
> metric. I couldn't tell you what it is.
>
>>> Even when the US FINALLY tried to convert to metric, they made
> An incredibly feeble and futile attempt by allowing BOTH metric
> And imperial weights on food and mi & Km on speedometers, etc. If
> They had just forbidden any references to imperial measures on food
> And speedometers and speed signs everyone would have adapted in
> A matter of days - but with both, everyone IGNORED the metric
> Measures (of course) and the US quickly gave up. Maddening!<<
>
> I remember the attempt to go metric in this country and it was a big pain
> in the butt for me to mentally convert. I'm glad it didn't catch on. I
> basically know approximately what the various units are, but I just don't
> think
> in daily life with metric units in mind.
>
>
>>> So, are you saying a "Troy Oz" is THE oz they are speaking of
> When they report gold is currently at X$ per oz? <<
>
>
> When a price of gold is given per ounce, it is in Troy ounces.
>
>>> And if they are,
> What the hell is a "Troy oz?"<<
>
> A Troy oz is 20 pennyweights. :O) Considering the moment, I just had to
> throw that in. When measuring small amounts of gold, Pennyweight is often
> used as well. Anyhow, there are 12 Troy oz's to a Troy pound. In the year
> 2004
> I dredged a little over 1 Troy pound out of the South Fork Yuba River. That
> was a fun year...also removed a couple ounces of mercury in the process.
> GeoZay
Received on Thu 10 Jun 2010 06:06:29 PM PDT