[VIDEO] Where is the troy ounce used?
When purchasing investment gold, it is important to know that the weight of the precious metal is indicated in varying units. The most common is the troy system of measures.
Currently, the troy ounce is widely used in the banking and jewelry sectors. This is how the weight of investment coins and bars is most often measured. The price of one troy ounce is set by the London Bullion Market Association.
In the new episode of “Gold News” you will learn:
-
the history of the origin of the troy ounce and how it is connected with the medieval fair of artisans;
-
what the price of gold depends on;
-
and why gold still remains the most reliable instrument for ensuring Financial Security.
Published: 12.03.2024
RELATED NEWS
![[VIDEO] Why billionaires are investing in gold en masse: 4 examples](https://f01.gig-os.com/da/49/f9/0b/cc/da49f90bcc1aad96458df8c01ec1724f_5.webp?1 "[VIDEO] Why billionaires are investing in gold en masse: 4 examples")
![[VIDEO] “Battle for the golden crown”: can Singapore overtake Switzerland?](https://f01.gig-os.com/95/b4/81/63/f6/95b48163f62295d19a14adb63283b13f_5.webp?1 "[VIDEO] “Battle for the golden crown”: can Singapore overtake Switzerland?")
![[VIDEO] Gold has surpassed the euro: new trends in the global econom](https://f01.gig-os.com/fc/57/0f/39/19/fc570f3919be493ff27abdaedb0a885b_5.webp?1 "[VIDEO] Gold has surpassed the euro: new trends in the global econom")
![[VIDEO] The role of gold in the development of artificial intelligence](https://f01.gig-os.com/08/fa/4f/8c/7b/08fa4f8c7bfda4df1b0d93eba508d278_5.webp?1 "[VIDEO] The role of gold in the development of artificial intelligence")
![[VIDEO] Should you buy gold in 2024?](https://f01.gig-os.com/9f/84/c1/7c/42/9f84c17c4290fecfe2b9f84801720a23_5.webp?1 "[VIDEO] Should you buy gold in 2024?")
![[VIDEO] How does gold change the world?](https://f01.gig-os.com/3a/c5/fd/0b/61/3ac5fd0b618cc9c935d7b9a47204469d_5.webp?1 "[VIDEO] How does gold change the world?")
![[VIDEO] Will the price of gold continue to rise? Expert forecasts for 2024](https://f01.gig-os.com/4d/49/a6/dc/3a/4d49a6dc3a3069ba680b0a4fe9b96404_5.webp?1 "[VIDEO] Will the price of gold continue to rise? Expert forecasts for 2024")
![[VIDEO] TOP gold mining countries](https://f01.gig-os.com/ae/79/3a/28/7d/ae793a287dc3724e8f47cd30975d6e09_5.webp?1 "[VIDEO] TOP gold mining countries")
![[VIDEO] Secrets of modern gold mining](https://f01.gig-os.com/3d/36/1f/13/27/3d361f13272752145d648f3e93c2aad2_5.webp?1 "[VIDEO] Secrets of modern gold mining")
![[VIDEO] Should you rely on a pension only?](https://f01.gig-os.com/08/07/50/45/5f/080750455fe703fb67bbf90ed957567a_5.webp?1 "[VIDEO] Should you rely on a pension only?")