How High Will Gold Go?

Silver and gold, and other precious metals, are measured by the troy ounce, of 31.10 grams. The avoirdupois ounce, used to measure everyday items like beef, flour and chocolate bars in certain primitive backwards countries that haven't switched to metric yet, weighs 28.35 grams. Neither silver nor gold weights should ever be quoted in avoirdupois ounces, since that would just confuse everybody.

johnathan, if you go to your dictionary and look on the cover pages, they usually have the three systems of weight and measures listed. Most importantly, before you buy any precious metals, learn that there are only 12 Troy Ounces to the Troy pound. Along time ago a guy had me convinced there were 16 just like in an Avoirdupois pound. I paid through the nose for something.

Oh, and I say $1,427.38 by years end.