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How many grams in an ounce of gold

Bars and Coins

Gold is measured in troy ounces and if you wish to know how many grams in an ounce of gold, then one troy ounce is 31.1034768 grams.  Therefore, the troy ounce is bigger than the ounce which is equal to 28.35 grams.  One of the ways of investing in gold is to by gold bars, sovereigns or Krugerrands.  The premium for gold bars is the lowest among these.

You must compare the premium among the various dealers and mints and then make a decision.  You can buy regularly in order to have a good investment portfolio.  You also need to understand all about the different gold coins available and search in the various online auctions to get a good deal, especially during times of economic stress, when many people want to sell their gold.

Long Term and Short Term Investment

Some people believe in the method of buying low and selling high, while the serious investor would continue to buy on a regular basis as over a period of time, the average price will even out. For the investor who wants to speculate in gold, he can invest in the stocks of gold companies.  IN this case, a thorough understanding of the dynamics of the gold market is necessary.  You not only need to know basics like how many grams in an ounce of gold, but also the price of gold and its relation to inflation.  Other terms used in the gold market are a bear or bull in stocks and so on.

A person who wishes to invest on a regular day to day trading needs to know all the variable factors of the market.  For the more conservative form of investor, it would be better to go in for coins and bars on a regular basis, which can bring in healthy benefits over a period of time.

Minted and Cast Bars

You can buy cast or minted gold bars. For short term investments, you can go in for the smaller gold bars that can be easily stored and sold, while the long term investor should be looking at the large gold bars.  The cast gold bars are offered in different weights, such as kilos, grams of 500 or less and also in ounces, such as 20 ounces and even smaller sizes.  By knowing how many grams in an ounce of gold, you can calculate your investment.  You must also know about the purity of the gold, which is expressed in units of 100, 1000 or 10000.  Bars are usually 99.99% pure.


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How many grams in an ounce of gold


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