Basics #1 - Buying Silver & Gold

How To Buy Gold and Silver

Now that you know the “why,” let’s get into the “how” of buying gold.  First of all, gold and silver are sold by the “Troy” ounce.  A “Troy” ounce weighs more than the ounce (avoirdupois) used to measure milk or meat.  A Troy ounce is 31.1 grams, which is more than the 28.35 gram ounces you come across in everyday life.  So, a  Troy ounce weighs about 10% more than a regular ounce.   Put simply, it is most common to buy and sell precious metals by the Troy ounce.