Whois & Analysis for goldprice.org

The gram (alternative British English spelling: gramme; SI unit symbol: g) (Greek/Latin root grámma) is a metric system unit of mass.

The kilogram or kilogramme (SI unit symbol: kg) is the base unit of mass in the International System of Units (SI) (the Metric system) and is defined as being equal to the mass of the International Prototype of the Kilogram (IPK, also known as "Le Grand K" or "Big K").

Fiat money is a currency established as money by government regulation or law.

The term derives from the Latin ("let it become", "it will become") used in the sense of an order or decree.

It differs from commodity money and representative money.

Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity), while representative money simply represents a claim on such a good.

Troy weight is a system of units of mass customarily used for precious metals and gemstones.

One troy ounce equals exactly (or about 1.0971 oz.

avoirdupois).

There are only 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system.

However, the avoirdupois pound has 7000 grains whereas the troy pound has only 5760 grains (i.e. 12 × 480 grains).

Both systems use the same grain defined by the international yard and pound agreement of 1959 as exactly.

Therefore the troy ounce is, compared with the avoirdupois ounce, which is.

So the troy ounce is about 10% heavier (ratio 192/175) than the avoirdupois ounce, which is used for everyday purposes in the United States.

Although troy ounces are still used to weigh gold, silver, and gemstones, troy weight is no longer used in most other applications.

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.