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From: tony cooper on 17 Nov 2009 23:25 On Tue, 17 Nov 2009 19:54:33 -0800, "Bill Graham" <weg9(a)comcast.net> wrote: >Not to disagree, but I am annoyed about the different Ounces.....If you are >calculating the price of Gold, you have to use some other ounce than the >standard one used in grocery stores.....Exactly why they do this is not at >all clear to me, and it is very annoying...... Precious metals and gems are measured in troy ounces. I don't know why it confuses you unless you are trying to weigh gold on a kitchen scale. You don't calculate the price of gold. No calculation is required since the price per troy ounce is given. The only thing that's a bit confusing is that Krugerrands, and some other one troy ounce of gold coins, actually weigh 1.0909 troy ounces. The difference is the amount of copper added for hardness. -- Tony Cooper - Orlando, Florida
From: Bill Graham on 17 Nov 2009 23:41 "tony cooper" <tony_cooper213(a)earthlink.net> wrote in message news:8dt6g599nmtt0kjso67q80b9f9s6564dds(a)4ax.com... > On Tue, 17 Nov 2009 19:54:33 -0800, "Bill Graham" <weg9(a)comcast.net> > wrote: > >>Not to disagree, but I am annoyed about the different Ounces.....If you >>are >>calculating the price of Gold, you have to use some other ounce than the >>standard one used in grocery stores.....Exactly why they do this is not at >>all clear to me, and it is very annoying...... > > Precious metals and gems are measured in troy ounces. I don't know > why it confuses you unless you are trying to weigh gold on a kitchen > scale. You don't calculate the price of gold. No calculation is > required since the price per troy ounce is given. > > The only thing that's a bit confusing is that Krugerrands, and some > other one troy ounce of gold coins, actually weigh 1.0909 troy ounces. > The difference is the amount of copper added for hardness. > > -- > Tony Cooper - Orlando, Florida The operative phrase in the above is, "Precious metals and gems are measured in troy ounces." This is what I do not understand, and what is annoying to me. Why the hell would they separate out precious metals and gems from a perfectly good measuring system and give them some special, different measuring system that uses a unit that has the same spelling and pronunciation as their other measuring system? This is both confusing and totally unnecessary. It is the kind of thing that makes me prefer my cats to people......
From: Savageduck on 18 Nov 2009 00:03 On 2009-11-17 20:41:24 -0800, "Bill Graham" <weg9(a)comcast.net> said: > > "tony cooper" <tony_cooper213(a)earthlink.net> wrote in message > news:8dt6g599nmtt0kjso67q80b9f9s6564dds(a)4ax.com... >> On Tue, 17 Nov 2009 19:54:33 -0800, "Bill Graham" <weg9(a)comcast.net> >> wrote: >> >>> Not to disagree, but I am annoyed about the different Ounces.....If you are >>> calculating the price of Gold, you have to use some other ounce than the >>> standard one used in grocery stores.....Exactly why they do this is not at >>> all clear to me, and it is very annoying...... >> >> Precious metals and gems are measured in troy ounces. I don't know >> why it confuses you unless you are trying to weigh gold on a kitchen >> scale. You don't calculate the price of gold. No calculation is >> required since the price per troy ounce is given. >> >> The only thing that's a bit confusing is that Krugerrands, and some >> other one troy ounce of gold coins, actually weigh 1.0909 troy ounces. >> The difference is the amount of copper added for hardness. >> >> -- >> Tony Cooper - Orlando, Florida > > The operative phrase in the above is, "Precious metals and gems are > measured in troy ounces." This is what I do not understand, and what is > annoying to me. Why the hell would they separate out precious metals > and gems from a perfectly good measuring system and give them some > special, different measuring system that uses a unit that has the same > spelling and pronunciation as their other measuring system? This is > both confusing and totally unnecessary. It is the kind of thing that > makes me prefer my cats to people...... You will notice they stuck with tradition and troy ounces instead of going metric, so at least you don't have to think in grams of gold. As far as diamonds are concerned we still have to deal with carats, 1 carat = 200 mg, or 3.086 grains which is useful for somebody with reloading experience. -- Regards, Savageduck
From: tony cooper on 18 Nov 2009 00:14 On Tue, 17 Nov 2009 20:41:24 -0800, "Bill Graham" <weg9(a)comcast.net> wrote: > >"tony cooper" <tony_cooper213(a)earthlink.net> wrote in message >news:8dt6g599nmtt0kjso67q80b9f9s6564dds(a)4ax.com... >> On Tue, 17 Nov 2009 19:54:33 -0800, "Bill Graham" <weg9(a)comcast.net> >> wrote: >> >>>Not to disagree, but I am annoyed about the different Ounces.....If you >>>are >>>calculating the price of Gold, you have to use some other ounce than the >>>standard one used in grocery stores.....Exactly why they do this is not at >>>all clear to me, and it is very annoying...... >> >> Precious metals and gems are measured in troy ounces. I don't know >> why it confuses you unless you are trying to weigh gold on a kitchen >> scale. You don't calculate the price of gold. No calculation is >> required since the price per troy ounce is given. >> >> The only thing that's a bit confusing is that Krugerrands, and some >> other one troy ounce of gold coins, actually weigh 1.0909 troy ounces. >> The difference is the amount of copper added for hardness. >> >> -- >> Tony Cooper - Orlando, Florida > >The operative phrase in the above is, "Precious metals and gems are measured >in troy ounces." This is what I do not understand, and what is annoying to >me. Why the hell would they separate out precious metals and gems from a >perfectly good measuring system and give them some special, different >measuring system that uses a unit that has the same spelling and >pronunciation as their other measuring system? This is both confusing and >totally unnecessary. It is the kind of thing that makes me prefer my cats to >people...... Hell, Bill, *I* prefer your cats to you. -- Tony Cooper - Orlando, Florida
From: Bill Graham on 18 Nov 2009 00:17
"Savageduck" <savageduck1@{REMOVESPAM}me.com> wrote in message news:2009111721033482327-savageduck1(a)REMOVESPAMmecom... > On 2009-11-17 20:41:24 -0800, "Bill Graham" <weg9(a)comcast.net> said: > >> >> "tony cooper" <tony_cooper213(a)earthlink.net> wrote in message >> news:8dt6g599nmtt0kjso67q80b9f9s6564dds(a)4ax.com... >>> On Tue, 17 Nov 2009 19:54:33 -0800, "Bill Graham" <weg9(a)comcast.net> >>> wrote: >>> >>>> Not to disagree, but I am annoyed about the different Ounces.....If you >>>> are >>>> calculating the price of Gold, you have to use some other ounce than >>>> the >>>> standard one used in grocery stores.....Exactly why they do this is not >>>> at >>>> all clear to me, and it is very annoying...... >>> >>> Precious metals and gems are measured in troy ounces. I don't know >>> why it confuses you unless you are trying to weigh gold on a kitchen >>> scale. You don't calculate the price of gold. No calculation is >>> required since the price per troy ounce is given. >>> >>> The only thing that's a bit confusing is that Krugerrands, and some >>> other one troy ounce of gold coins, actually weigh 1.0909 troy ounces. >>> The difference is the amount of copper added for hardness. >>> >>> -- >>> Tony Cooper - Orlando, Florida >> >> The operative phrase in the above is, "Precious metals and gems are >> measured in troy ounces." This is what I do not understand, and what is >> annoying to me. Why the hell would they separate out precious metals and >> gems from a perfectly good measuring system and give them some special, >> different measuring system that uses a unit that has the same spelling >> and pronunciation as their other measuring system? This is both confusing >> and totally unnecessary. It is the kind of thing that makes me prefer my >> cats to people...... > > You will notice they stuck with tradition and troy ounces instead of going > metric, so at least you don't have to think in grams of gold. As far as > diamonds are concerned we still have to deal with carats, 1 carat = 200 > mg, or 3.086 grains which is useful for somebody with reloading > experience. > > > -- > Regards, > > Savageduck > Apparently the grain is common to both systems (Troy and Avoirdupois) so all I have to do is translate everything into grains and go from there. But the essential question remains......WHY? |