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Category: Gold

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…

If You Don’t Hold It, You Don’t Own It

Within markets that allow you to invest in a physical asset class, most namely the precious metals industry, there has always been a phrase that floats around working to keep investors aware of the risks they are taking on – and that phrase is, “if you don’t hold it, you don’t own it.”  While this…

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…