Alloys Non Ferrous
Alloys Non Ferrous
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Since the sovereign is simply a weight of gold the price of gold as measured in sovereigns can never fluctuate.
ALLOYS OF THE PRECIOUS METALS.
219 When it is said that the value of gold has gone up it simply means that its purchasing power for other com- modities has increased that is, that prices have fallen. This is in general the result of gold being scarce. When, on the other hand, gold is very plentiful its price falls that is, its purchasing power diminishes or prices rise.
The following ...table, slightly altered from Streeter's " Gold, " p. 138, gives the value of loz. Of gold of any degree of fineness, and the amount of foreign metal to be added to pure gold to make 24 parts of the alloy : Quality.
24 Fineness.
Value. Sterling per Ounce.
Value. Dollars per Ounce.
Alloy to be Added. Paits.
1000 s. D.
450 20-68 23 22 958-3 916-6 4 1 5J 19-82 3 17 11 18-95 1 2 21 20 875-0 833-3 3 14 4J 3 10 10 18-09 17-23 3 4 19 791 5 3 7 3} 16-37 5 18 750-0 339 15-51 6 17 16 708-3 666-6 3 2J 2 16 8 14-65 13-78 7 8 15 14 625-0 583-3 2 13 H 2 9 7~ 12-92 12-06 9 10 13 12 541-6 500-0 2 6 OJ 226 11-2 10-34 11 12 11 10 458-3 416-6 1 18 11J 1 15 5 9-47 8-61 13 14 9 375-0 1 11 10 7-84 15 8 333-3 1 8 4~ 6-89 16 7 291-6 1 4 9* 5-83 17 6 250-0 1 1 3" 5-17 18 5 4 208 3 166 6 17 8J 14 2 4-3 3-44 19 20 3 2 125 ; 83 3 10 7J 7 1 2-58 1-72 21 22 1 41-6 03 6J 86 23 24 The English sovereign weighs 123-27447 grains, and remains legal tender till it is reduced to 122-5 grains.
What to read after Alloys Non Ferrous?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Humboldt Sexton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Since the sovereign is simply a weight of gold the price of gold as measured in sovereigns can never fluctuate.
ALLOYS OF THE PRECIOUS METALS.
219 When it is said that the value of gold has gone up it simply means that its purchasing power for other com- modities has increased that is, that prices have fallen. This is in general the result of gold being scarce. When, on the other hand, gold is very plentiful its price falls that is, its purchasing power diminishes or prices rise.
The following ...table, slightly altered from Streeter's " Gold, " p. 138, gives the value of loz. Of gold of any degree of fineness, and the amount of foreign metal to be added to pure gold to make 24 parts of the alloy : Quality.
24 Fineness.
Value. Sterling per Ounce.
Value. Dollars per Ounce.
Alloy to be Added. Paits.
1000 s. D.
450 20-68 23 22 958-3 916-6 4 1 5J 19-82 3 17 11 18-95 1 2 21 20 875-0 833-3 3 14 4J 3 10 10 18-09 17-23 3 4 19 791 5 3 7 3} 16-37 5 18 750-0 339 15-51 6 17 16 708-3 666-6 3 2J 2 16 8 14-65 13-78 7 8 15 14 625-0 583-3 2 13 H 2 9 7~ 12-92 12-06 9 10 13 12 541-6 500-0 2 6 OJ 226 11-2 10-34 11 12 11 10 458-3 416-6 1 18 11J 1 15 5 9-47 8-61 13 14 9 375-0 1 11 10 7-84 15 8 333-3 1 8 4~ 6-89 16 7 291-6 1 4 9* 5-83 17 6 250-0 1 1 3" 5-17 18 5 4 208 3 166 6 17 8J 14 2 4-3 3-44 19 20 3 2 125 ; 83 3 10 7J 7 1 2-58 1-72 21 22 1 41-6 03 6J 86 23 24 The English sovereign weighs 123-27447 grains, and remains legal tender till it is reduced to 122-5 grains.
What to read after Alloys Non Ferrous?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Humboldt Sexton to read onlineMoreLess
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