• Hacksaw@lemmy.ca
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    1 year ago

    … on what planet has gold ever been $2500USD/oz?

    So just so I can understand correctly: you read a comment, get confused about a detail (I thought Canada was metric!), do absolutely zero research, go straight to accusing the person of being wrong?

    Anyways units in Canada are practically an inside joke at this point, here is a flowchart. I suppose we should add a gold path to the mass

    • 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.