[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.

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