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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: scotty who wrote (61293)	11/24/2000 8:05:28 PM
From: goldsheet	Read Replies (3) of 116762

To make things really confusing, there are three kinds of "ton" A short ton, is exactly 2000 pounds, used in the US A long ton, is exactly 2240 pounds, used commercially in the US, and equal to a British ton. A metric ton (often tonne), is 2204.623 pounds, also 32,150.75 troy ounces, is the weight measurement used in the mining industry. To answer your question, 1 metric tonne of gold would fit in a cube measuring 1.223 feet per side. By the way, it would be worth $US8.5M at current prices.

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