Hi,
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…
Blog
Category: Gold Price Canada
Is Gold An Effective Hedge Againts Inflation?
Many investors turn to gold as a convenient and cost-effective inflation hedge when protecting their savings from inflation. However, is it a good idea to invest in gold? Let’s look at this popular investment option and see if it is truly effective as an inflation hedge. Here are the Top 3 Reasons You Should…
How much silver is there on Earth?
The only continent without gold is Antarctica. Silver, however? In fact, only four of the seven continents have significant amounts of silver (above 55 percent). In that case, how much silver is there in the world? How Much Silver is left in the mines? The United States Geological Survey estimates that 1.74 million metric tonnes…
How much gold is in the Ocean, and how might that affect the price of gold?
The gold in circulation today is the product of millennia of human refinement. However, the majority of the world’s gold is remains underground. The mining equipment needed to get to it would be enormous. Over the last half-century, technological advancements have made gold mining safer and faster. Therefore, technology is essential if the supply…
Gold: Impact From CPI Won’t Last Given Long Window to the U.S. to a Rate hike
The United States is expected to raise rates as early as June and September this year. Another rate hike is likely to happen by the end of the year. Gold prices have fallen sharply since the beginning of the year. The yellow metal lost about 11 percent in 2018, its worst performance in five…
