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Those who intend to engage in the purchase or sale of gold It is wise to take note of some basic concepts. In this article we will talk about the different units of weight and purities, among other things.
Gold is currently the most precious precious metal in the world and is widely used as a trading tool or investment tool. Gold is processed in various forms to be used as investment products. The most important distinction here are the Gold bars and the gold coins. Both the bars and the coins are available in all weights and sizes. The common units of weight in Europe are troy ounces and Dutch grams. However, other units of weight are also used in other regions. Below is a list of the most common units of weight used for precious metals around the world:
Despite the fact that the most tradable bar is 400 troy ounces, the Gold price currently still denominated in troy ounces per US dollar. South Africa was the first country to mint conventional investment coins that did not meet this display of the gold price. This is the gold Krugerrand which contains 1 troy ounce of gold. Many gold bars are currently expressed in grams.
Below is an overview of the weight in which most bars are available:
Below is an overview of which countries use certain weight units:
The pure gold content for gold bars usually fluctuates between 965 and 999.9. Over time, the bars have increasingly been provided with the LBMA certification. The gold bars usually have a content of 999.9. For investment coins, the content generally varies between 21.6 carats (90%) and 24 carats (99.99%). Examples of fine gold coins are the gold Maple leaf and Wiener Philharmoniker. The South African Krugerrand is 22 carats. The Dutch golden tenner is 21.6 carats.
