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To: Moltke
It’s 1/500 oz, not 1/50 oz - ~$1500/500 = $3 not $30.

Show me what I'm missing here.

How Many Grams Are In An Ounce of Gold?

20 posted on 01/23/2020 11:18:49 AM PST by TangoLimaSierra (To the Left, The Truth is Right Wing Extremism.)
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To: TangoLimaSierra
Show me what I'm missing here.

Math.

Why are you focusing on the gram equivalent of "ounce"?

The coin weighs 1/500 of an ounce. The price of gold is appr. $1500/ounce.

Hence, the price of 1/500 ounce of gold is $1500/500 = $3.

Over and OUT!

23 posted on 01/23/2020 3:17:45 PM PST by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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