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The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.
This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public. [1] The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of US$50. Due to a combination of the coin's popularity and the increase in the price of gold, the coin's value has increased considerably.
It subsequently fell to US$774 per troy ounce ($25/g) in November 2008. [8] As of 21 November 2022, the platinum spot price in New York was $980 [9] per ounce, compared to $1,742 per ounce for gold [10] and $20.84 per ounce for silver. [11] Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the ...
The gold dollar or gold one-dollar piece is a gold coin that was struck as a regular issue by the United States Bureau of the Mint from 1849 to 1889. The coin had three types over its lifetime, all designed by Mint Chief Engraver James B. Longacre. The Type 1 issue has the smallest diameter (0.5 inch =12.7mm) of any United States coin minted to ...
During the republic (509 BC – 27 BC), a legionary earned 112.5 denarii per year (0.3 denarii per day). Under Julius Caesar , this was doubled to 225 denarii /yr, with soldiers having to pay for their own food and arms, [ 15 ] while in the reign of Augustus a Centurion received at least 3,750 denarii per year, and for the highest rank, 15,000 ...
The earliest known version of the avoirdupois weight system had the following units: a pound of 6992 grains, a stone of 14 pounds, a woolsack of 26 stone, an ounce of 1 ⁄ 16 pound, and finally, the ounce was divided into 16 "parts". [11]
The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) fine silver or, from 1834, [2] 23.22 grains (1.505 g) fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In ...
ISO 3166-1 alpha-2 – two-letter country codes which are also used to create the ISO 3166-2 country subdivision codes and the Internet country code top-level domains. ISO 3166-1 alpha-3 – three-letter country codes which may allow a better visual association between the codes and the country names than the 3166-1 alpha-2 codes.