Gold has maintained its value, and increased its purchasing power in absolute terms, over the century-long period under consideration. What we don’t know is the extent to which the current price of $1750 oz. reflects accurately the loss in US dollar purchasing power. How much value has the...
Even though gold is precious, refineries for bullion are renowned for being precise. They are specialists in determining a gold bar’s weight and general fineness. It’s crucial to measure gold with complete accuracy. Any mistake with how much gold is in a bar can affect the price by severa...
Silver prices are not so much about popularity. It’s a metal that shows how abundance and popularity work together to create an affordable, desirable commodity. Why Is Silver Usually Quoted in USD? While most people might’ve heard of the gold standard, there is in fact a monetary system ...
If the price of gold is above your strike price at expiry, your option is worthless and you lose the premium you paid for the option. If you think the price of gold will not move very much for an extended period? You can write a covered call or sell a straddle to profit off of ...
We've all heard someone or something described as "worth their weight in gold." So, just how much is that? Weight of Common Items If They Were Made of Gold How much does a gold bar weigh? We thought it would be fun to show you how much a gold bar weighs by imagining you had ...
Other Platinum group metals – 1 part per billion or less As the earth’s crust is estimated to mass around 2.6 * 1022 kg, it means that there is around 400 billion kg of gold throughout the entire crust. Much of it will never really be accessible, of course, but there really is qu...
home or office with these too-cute-for-words ceramic owl pots. Each pot is 2.75 inches, so they’re perfect for small plants like succulents or a small cactus – yet they won’t take up too much space. Each of the six pots is a different color and is etched with an adorable owl ...
That is, they are valuable metals that venture beyond the traditional foothold of silver and gold. To be sure, platinum is itself nothing new. It's been known for a long time, as the silvery-white metal has been in use since at least 1200 BC. But its popularity as a precious metal ...
Correlation is not destination Some would argue that world stock markets are now too closely correlated for this historic data to be of much interest. I say: not so fast! We are still seeing some highly divergent outcomes. Take Denmark versus the UK over the past decade: ...
The most important large gold bar is the London Good Delivery 400 oz bar. This bar is traded on wholesale markets and its price is quoted in US dollars per troy ounce. It is the equivalent to roughly 12.5kg which you may also see quoted in the media. The COMEX 100 oz bar is also...