Troyskaya ount Gold, platinum, silver is heavier than 9.7% of the similar ounce Avergupua. It is not used for weighing precious metals in the jewelry industry, in banks or on stock exchanges. The confusion in concepts often leads to the fact that jewels are sold on the Internet with weight specified in ounces, but in which it is not specified. Therefore, it is necessary to find out which ounces are indicated by the seller, otherwise you can overpay for the same 9.7%.
In grams, the ounce of gold is 31.104 g, it is calculated relative to the Troy pound and ranges from it - 1/12. The measurement measure is the abbreviation "T OZ", but sometimes "OZT" is used. Among the modern ounces, the most massive troy ounce of gold in grams, the British used it as a pharmaceutical weight measure. Herbs, medicines, drugs and medicines fished Weight at 31.104 grams.
Now the Troy pound was out of use, only Avergupua remained in English everyday life, but Troika oz was preserved as a weight measure for precious metals.
Many suggest that the title of the Troy Oz is connected with the ancient Greek city of Troy, but historians do not think so. According to the statements of scientists, the name of the ounce was formed in the French province of True Champagne, where they organized the first fair in the 5th century. And in the 14th century, she was the largest in Europe and became one of the main centers of all world trade.
Traders from many countries came to this market, and since in different states there were their own weights, the confusion arose when weighing the goods. In each city of France, then there was a measure of weight - Cologne Pound, Toulouse Pound, and Troi's Troi was a Troy pound.
The first mentions of the Troy pound date will be dated 1390 year. So the merchants made the local weight of the weight together for the entire fair and all goods began to measure in Troy oz. Many countries adopted this French measure weight, including the British.
W. troyan oz Gold There was a fixed weight, and it was very convenient. In Europe, then there was another weight of the weight, which was called the Grand Prix. This measure indicated the average grain weight of the barley, but people had a dispute at the centuries about which mass of grain and which grain can be considered average.
In 2015, a sharp race for gold prices was recorded on the ruble market. This phenomenon is associated with the devaluation of the Russian currency and its fall towards the dollar and the euro. For 1 gram of gold in early 2014, about 1300 rubles asked, now the increase in price is over 70%. According to experts, if the devaluation of the ruble will continue further, then the cost of 1 gram of gold will also grow.
In addition, how many grams contains a ounce of gold, since 1950, there are information about the price of one unit of valuable elements. Then the price of the ounce of gold was $ 34.7. In 1973, there was a sharp jump in the cost of gold.
So the price rose from 97 to 160 dollars per ounce. Further in 1979-1980, the cost has even grew up and now the ounce of gold was 300 dollars. Then there was a drop in gold prices, so the cost of the ounce of gold fell from 600 to 299 conventional units.
In 2002, a new round of the growth of gold began. And for almost 15 years they ask for ounce of gold more and more.
In the ingots and on stock exchanges 1 ounce of gold has a fixed price. But for jewelry stores and workshops are just the starting point of the installation that the banks define. When forming the final price of the precious product, the markup is made to work the jeweler, the accounting of remuneration of sellers and costs for the maintenance of outlets. Therefore, from the actual value, the final price for the ounce of gold can be very different.
This circumstance led to the fact that the demand for investment coins of the Central Bank of Russia has now fallen. People understand this issue understand that over the sample weighing 7.78 g is appointed overestimated cost, so in recent years, investments have increasingly invested in European coins "Philharmonicers". The American "Eagle" is also popular, which contains exactly 1 Troyan Oz, but the price differs from 1 ounce of gold, since this sign is platinum.
Although the Central Bank of Russia was calculated in the sales policy, but he himself continues to buy precious metals. In his storerooms there were 33,300,000 reserves ounces of goldwhich were increased in February 2015 to 37,000,000 Troy ounces.
Gold reserves are one of the country's welfare indicators, a symbolic guarantor of its economic and social well-being. Today, about more than 90% of global gold reserves are kept in the form of gold ingots in special state repositories. The largest reserves of monetary gold possess the USA, Italy, France, Germany and China. The United States remains the undisputed leader in the volume of gold ingots. However, gold today is property and individuals. But who is the richest owner, it is not reliably known. As a version is one of the royal families of the East.
Why do gold reserves need?
Naturally the question of why gold reserves are so important? Why exactly this precious metal became the cornerstone in the built global economic system?
First, the presence of essential gold reserves allows the state to preserve economic independence from other currencies. Secondly, gold is still one of the reliable ways of investment investment. Over the past decade, the cost of this yellow metal has grown more than 5 times. In the event of an unstable economic situation in the domestic market of the state, threatening inflation by national currency, gold will be able to perform the functions of a certain monetary equivalent recognized worldwide.
Investment in gold: profitable or not?
In 2005, Rick Munaritsa, one of the co-owners of the Internet service, has become in front of the dilemma: what is more safer to invest its money - in the search engine Google or Gold. At that time, their cost on the stock exchange was the same. But in 2008, the crisis and trading on Google closed at a mark of $ 307 per share, and gold at 866 dollars per ounce.
To the sources of history
But what is such a strange measure - Troika Oz of Gold? Why when weighing gold is not used by a universal weight unit - grams? And what is the ratio of these two units of measurement. Troyan oz in grams - how much? We will try to figure out the essence of this issue.
Once is nothing more than the twelfth part of the Bronze Old Roman coin "Assa". The Romans used as money split into parts of large bronze coins. Over time, this monetary unit has become used as a measure of weight. This is obliged to such a pedantic attitude of the Romans to the coin chasing. Doubt in compliance with the standards of chasing did not have to. How much troy ounce weighs in grams? You will learn about it later. First a bit of history.
Immediately make a reservation, the ancient city of Troy has nothing to do with this unit of measurement. By its name, Troika oz is obliged to a small town of Tru. In the twelfth century, fairs were held here in which merchants from around the world participated. And therefore, there was a need for a single universal extent. The diversity of the existing national currencies has somewhat complicated the establishment of trade relations. Preference was given to the French Livra. It included the Troy pound of silver, which, in turn, was divided into twelve troy ounces. Since then, Troyan Once gained popularity and successfully adapted to the realities of time. Especially for measuring the weight of expensive and valuable materials. Troyan oz - how many grams? It's time to learn about it.
How much oz weighs?
How many troy ounces of gold weigh? In grams in ancient Rome, its weight was 27,288. After the disappearance of the Roman Empire, there is no uniform standard of bronze coins chasing, and therefore OUTION was somewhat lost its infallibility. Her weight in different areas began to differ significantly. And this became, in turn, the subject of the dispute between the buyer and the seller. The introduction of the metric system of units made it possible to determine how much the Troy ounce of gold weighs in grams. Today, one oz weighs 31,1034768 grams.
Cleaning standards or how many precious metals in valuable coins?
Today ounce is the main measure in the trade of precious metals: it measures the weight of investment or weight coins (gold, silver, palladium and platinum) produced by central banks.
What today the ratio "USD - Troyan Oz"? For example, in the US made coins made of gold weighing 1/10 Troyan oz, corresponding to the nominal 5 dollars; 25 dollars corresponded to the coin weighing ½ Troy ounce, 50 dollars - a coin weighing in 1 oz. The classic option, undoubtedly, are American "eagles" - they contain one ounce of high-profile platinum.
In Russia, the weight of the coins of precious metals is indicated in grams, but the number of precious metals is in the fractions of the Troyan oz. The weight of the Golden Coins "Georgy Victorious" with a denomination of 50 rubles issued by the Bank of Russia, has a weight -7.89 gram, the weight of pure gold is at least 7.78 grams, which is ¼ Troyan oz.
How much is ounce?
What is Troyan Oz? How many grams in it? We have already figured out this. It remains to find out how much oz is? What is the price of gold formed? There is a reliable and time-tested practice of conducting fixing on gold. The beginning of this tradition was found in September 1919 in London. September 3, 1939, due to the cessation of gold trading, the fixing procedure was discontinued. London trading resumed on March 22, 1954 and since then there were no significant changes. Trading participants within minutes are ready to answer the question of whether the price of gold is growing or falling. If the number of buyers exceeds the number of sellers - the initial price for gold rises. This procedure is carried out in London at LBM trades twice a day: at 10.30 am and three hours in the afternoon. It is believed that the price level of precious metals established by London fixing, the most fair.
How much is gold today?
The dynamics of changes in gold prices are of great interest not only for those who chose it with the object of their investments. This is a kind of status indicator of the world economy. So, we analyze how the gold exchange rate has changed in recent years. In 1996, one ounce of gold was given about $ 400, already in 2010-2011, the price for the ounce of gold rose to 1300 dollars. At this time interval, the increase was almost 30%. According to analysts, 2015 was not so prosperous for the dragometal market. The cost of one oz decreased from a mark of $ 1000, recorded in 2014, up to 840 dollars in 2015. And in 2016 there are quite convincing prerequisites for the growth of the price of yellow metal.
Finally
If you finally decided to invest in the physical gold, the ideal decision will be the acquisition of gold bars in one of the state banking institutions. In the case of a transaction on the Internet - be vigilant. The fact is that there are two varieties of ounces: Troyan oz and Oz Avergupua. The substitution of concepts is no longer with one entrepreneur played a cruel joke. Troy ounce of gold in grams is almost 9.7% harder. Successful to your investment.
So historically it happened that gold has different weights. When conducting trade operations with gold, completely different values \u200b\u200bare used. For example, the concept of "ounce of gold in grams" is used. Initially, it is not clear what specifically the weight has a precious metallol.
Gold weight measures are translated into the usual units. But at first it can cause confusion while buying or selling metal. For example, in the countries of the former Soviet Union, rarely used such units of measurement as a pound, oz. And accordingly, people need time to deal with the nuances of weighing.
Ount Gold
How did Troy ounce arise?
To deal with when Troyan oz arose, you should go deep into the history of monetary operations in the Middle Ages. The fact is that in the French town of True, the fairs were held, for which merchants came from around the world. Since the coins were used as money, the sellers and buyers needed to agree on the value of this coin. Then it was customary to weigh the ingot and its weight compared with the Troy pound of silver - the main coin of France at the time.
This weight measure moved to England and preserved to our times in relation to precious metals. And since the fixing and daily price settings pass in London, they decided not to change the measure of weight by tradition. Therefore, the set of banks is beneficial to use a triple variety of measurement, because it is precisely the quotes.
The course is updated daily at 10.30 and 15.00 in London time. And do this five largest banks in the world: Deutsche Bank, Société Générale, HSBC, Scotia Mocatta and Barclays Capital. Separate brokers do not participate in the process. Banks take into account the demand and supply to the precious metallol and draw conclusions on the basis of economic indicators.
When counting quotes, analysts and representatives of banks use three currencies: the US dollar, the euro and the English pound sterling. Troy ounce of gold in grams is equal to the indicator 31.103. Therefore, if you calculate the cost of the product or ingot in grams, to see the cost do not forget to transfer weight measure.
Also, the indicator is used in such spheres:
- banking - it most affects the cost of the precious metallol, because through banks all operations of its purchase and sale are passing;
- the jewelry industry uses this weight to count the amount of gold, which is necessary for the product;
- pharmacology counts not gold, but medicinal substances, which is rare enough in our time.
It is in these spheres that the exact weight of any product is used. But besides the Troy Oz, there are other types of this unit of measurement. For example:
- Once of Avergupua, which replies 28.34 grams of metal.
- Pharmacy oz, which equals 29.86 grams. Used for weighing drugs. Now the indicator is used for the manufacture of homeopathic substances.
- Ancient Roman ounce is the very first variety of weight measures. It was also used for vintage coins and other goods. Since this is a historical indicator, it is not quite accurate and amounts to about 27.4 grams.
- Oz Mary Teresa is 31,125 grams.
It is necessary to know to calculate the cost of the precious metallol. Therefore, an unequivocal answer to how much 1 ounce of gold weighs, it is impossible to give. When trading operations, especially if they are in large sizes, look at the measure of the weight of the precious metallol and translate into familiar values.
The governments of some countries, for example, USA, China, Canada introduced investment and collectibles that have a weight in one oz. Among them are such copies:
- Canadian maple leaf.
- American eagle.
- Chinese panda.
- Austrian philharmonic.
It is enough to take a coin into the hands and weigh it to find out how many grams in the ounce of gold. It was made for convenience, but the calculations with such coins are not conducted. Moreover, such products may not afford. In the meantime, Troyan oz remains a reference weight measure, which means significant contribution of traditions to the development of the economy in the world.
When it comes to the weight of precious stones and metals, an unusual hearing of the ordinary is the term "ounce" appears. This measure is known since the time of the Ancient Roman Empire, and it was the main unit of weight in Europe in the Middle Ages. Now she does not have such widespread as it was before. Most often it meets in transactions for the sale of precious metals. Let's figure out how to find out how much the ounce of gold in grams weighs and what it is needed for.
Measure weight with rich past
When you hear the word "oz", we should know that the ancestor of this unit was Troyan oz. In international practice, this magnitude has a fixed abbreviation, consisting of three letters of Latin. This may be option T OZ or OZT.
This magnitude of the mass received its name from the French city of Tru. In the Middle Ages, he was a major shopping center, where representatives of different nations brought out all sorts of demand weselves. In order not to be confused, all goods were sold and bought for pure gold. And the main measure of gold became the Troy magnitude. One troy ounce of gold 31.103 grams weighs.
Moreover, in the period from 1824 to 1858, the Troy pound (it consisted of twelve ounces in it) was the main unit of weight in the UK. Then generally accepted was the metric system of measures that most modern people enjoys. But the Troy magnitude of the Master of Golden Affairs continues to apply during the calculations. This is a peculiar gesture of the continuity of the generations of jewelers and the tribute to this value with its rich past. In addition, it is used in cosmetology when weighing especially expensive and unique ingredients.
It was in the Troy unit that the mass of precious bank investment coins is measured.
Purpose calculations
In order to correctly and quickly translate the ounce of gold in grams, you can use one of the online converters, which are in sufficient number on the Internet. If you do not have the opportunity to take advantage of the worldwide network or you are just a supporter of traditional calculation methods, you can do it yourself. To calculate the weight of the precious measure, a special formula will be needed:
(? OZ) x (1 LB / 16 OZ) x (1 kg / 2,2046 lb) x (1000 g / 1 kg) \u003d
Explanation of used abbreviation
Using this formula, you can find out how many grams of gold, for example, in five or nine ounces:
5 OZ X (1 LB / 16 OZ) X (1 KG / 2,2046 LB) X (1000G / 1 KG) \u003d 141,749 g
9 OZ X (1 LB / 16 OZ) X (1 KG / 2,2046 LB) X (1000G / 1 KG) \u003d 255,148 g
Thus, to calculate the exact number of grams in this unit, you need to know the values \u200b\u200bof one ounce of Avergupua, kilogram and pound Avergupua in grams.
How much is the ounce of gold
If we speak specifically about the "yellow devil", the value of the Troy unit for this precious metal is difficult to overestimate. The fact is that the cost of gold is calculated in US dollars for one troy ounce, and not for grams. Daily in the UK, in London, the question is solved as one of the gold fee will cost in dollars. Moreover, prices every day are installed twice. Moscow time this occurs in a half-evening day and at six o'clock in the evening (10:30 and 15:00 - in London).
Interestingly, the question is how much one Troy magnitude of gold in dollars will cost, do not decide the government or presidents, but several large banks with the greatest power in the market. And the process of their contract about the installation of a single price of gold is called "Fixing". Thus, it is difficult to talk about the solid cost of the ounce of gold, since these quotes are changing not just daily, but even twice a day.
Even more difficult is the cost of the value of gold of various samples. The fact is that the price of 999 samples is indicated in bank quotations. And many gold products are pure gold alloys with silver, copper, platinum, and so on. Therefore, the cost in any case will be lower, unless we are talking about metal in banking ingots.
If you are planning to sell gold jewelry, still track quotes of pure gold to try to sell your little things when the price for this precagmalt will be at the peak.
Gold like oz. What does this mean? What does it fit in the usual units? What is the story of this concept?
Troy ounce of gold in grams is 31,1034768. This unit of measurement also applies for other valuables: silver, platinum and not only for them. Valuable ingredients in the cosmetic industry are also sometimes measured by weight with the applied measure.
Despite the fact that the ounce of gold in grams is not a whole, but a rather complicated number, it remains many centuries as an actual standard. The beginning of it was found for a long time, in the middle of the Middle Ages. In the twelfth century, a fair for which a huge number of people, goods, money from various countries were glazed annually. It was necessary to have a standard unit of measurement of precious metals, which would allow the correct calculations during trade, despite the fact that there were coins of different types and various advantages. In those years, banknotes were not yet, and coins were often rated on the basis of their accurate weight.
But this is not the only ounce of gold known in the history. In grams, the 29.860 was in Russia their Troyan oz. There were other similar, for example, Ount Mary Teresa, which was 31.1025 grams. However, the same unit, which was used at the official level, was always adopted in the gold case.
At the time, a whole system of scales associated with Troy Onti
The Troy Grand Prix was 1/480 from her. Twelve of these units was a pound. He was called Troysky, and it does not need to be confused with the usual weight measure under the same name.
Some states produce coins in our time, the weight of which is one troy ounce of gold, in grams component of Rivne 31,1034768. As an example, it is possible to bring minted in the United States.
Starting from 1919, the so-called fixing is produced in London, during which it is determined how much costs 1 ounce of gold is. This event occurs twice a day. Representatives of the five largest banking organizations in the world are collected together and set the price in American dollars per ounce.
Starting from the first half of the nineteenth century began to exist in the Golden Standard. Its essence comes down to the fact that every currency hard records its ratio by price with gold. And all international calculations are thus given to a single basis. This brings an element of stability into the world economy, but with the onset of the twentieth century and the beginning of the First World War
This standard has become gradually leaving himself. States have carried huge costs, and it has greatly influenced the possibility of establishing a fixed price of gold. The world gradually began to be divided into several economic zones, which braided this or that binding of his national monetary unit. The zones of the American dollar and gold were formed. After this competition, the American monetary unit finally defeated.
Much in the economy has changed, but Troika oz in grams is the same amount - 31,1034768. It was used earlier and continues to exist further. When weighing gold, grams are practically not used. In oz, century-old traditions continue.