What does the price of gold/silver reflect?
Posted on
December 26, 2011 by
Question by smooth drink: What does the price of gold/silver reflect?
When you hear the price of gold is $ 900/ounce on the NYSE, and silver is $ 13.00/ounce, does the ‘ounce’ refer to ONE OUNCE (28.35g) or ONE TROY OUNCE (31.10g)?
Best answer:
What do you think? Answer below!