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Note: gold uses troy ounces, so adjust by ~10%. It's easier to just use grams or kilograms :).
by boulos 2y ago
Note: gold uses troy ounces, so adjust by ~10%. It's easier to just use grams or kilograms :).
- Willish42 2y agoThanks, I'm a bit new to this entire concept. Do troy lbs also exist, or is that just a term when measuring ounces?
- someguydave 2y agoyes, there are troy pounds, they are 12 troy ounces (not 16 ounces, like normal (avoirdupois) pounds) https://en.wikipedia.org/wiki/Troy_weight https://en.wikipedia.org/wiki/Troy_weight 180 avoirdupois pounds is 2,625 ounces troy. The gold price is around $2470/ounce troy today, so $2470*2625 ~= $6.483 million