• GreyEyedGhost@lemmy.ca
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    1 year ago

    While there’s a lot of merit in that chart, precious metals (that aren’t being used industrially) are bought and sold worldwide in Troy ounces, which are heavier than imperial ounces. Also, there are only 12 Troy ounces to the Troy pound, which is lighter than the imperial pound.

    You can buy precious metals in grams in consumer markets (i.e., Costco), but all major markets deal in Troy ounces.