[meteorite-list] $ gold / Oz

[Michael Blood]

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