1 ounce of gold = 31.1 gold grams ???
This is really odd. AFAIK 1 ounce = 28.sth grams and I can confirm this with encarta
here.
Today gold prices from www.goldprice.org are as follows
561.7 for one ounce
18.06 for one gram
but this makes 1 ounce = 31.1 grams !!!!
My best guess is smaller amounts devalue GOLD a little bit and that is why we see this discrepency. I will try to confirm this and yeah .. that post about gold is new money is yet to come.
here.
Today gold prices from www.goldprice.org are as follows
561.7 for one ounce
18.06 for one gram
but this makes 1 ounce = 31.1 grams !!!!
My best guess is smaller amounts devalue GOLD a little bit and that is why we see this discrepency. I will try to confirm this and yeah .. that post about gold is new money is yet to come.
posted by Vivek Garg at 4:02 PM
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