[meteorite-list] $ gold / Oz

[GeoZay at aol.com]

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