Category: News

What is a Troy Ounce?

  A troy ounce is a weighting unit for precious metals that has been used since the Middle Ages. One troy ounce weighs 31.1034768 grammes and was first used in Troyes, France, according to the U.K. Royal Mint. A standard ounce weighs slightly less, 28.35 grammes, and is used to measure things like sugar and grain. To…

U.S. GDP shrinks for 2 quarters in a row

  For the first time in over a decade, the world has more debt than it can handle. U.S. GDP shrinks for 2 quarters in a row, meeting the PMI survey’s quarterly forecast, with the slowdown in growth largely driven by the flattening out of business investment and manufacturing output. According to U.S. Bureau of…