Gold Ounce

gold ounce

The ounce (abbreviated oz; apothecary symbol: ā„„) is a unit of mass used in most British derived customary systems of measurement. The common avoirdupois ounce (approximately 28.3 g) is ā€‹1ā„16 of a common avoirdupois pound; this is the United States customary and British imperial ounce. It is primarily used in the United States to measure packaged foods and food portions, postal items, areal density of fabric and paper, boxing gloves, and so on; but sometimes also elsewhere in the Anglosphere. Besides the common ounce, several other ounces are in current…

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Gold Investment

gold investment

Gold as an investment Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has the most effective safe haven and hedging properties across a number of countries. Gold price Gold has been used throughout history as money and has been a relative standard for currency…

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