Sentences with phrase «ounce value of gold»

Since mid-2016, however, the troy ounce value of gold has remained fairly rangebound, and is up by only 11 percent since the beginning of 2017.

Not exact matches

«One friendly but sharp - eyed commentator on Berkshire has pointed out that our book value at the end of 1964 would have bought about one - half ounce of gold and, 15 years later, after we have plowed back all earnings along with much blood, sweat and tears, the book value produced will buy about the same half ounce.

Using this framework, Rickards proposes a scenario in which the world shifts partially back to the gold standard, with an ounce of gold being valued at $ 10,000 per ounce.

For the first time, yesterday, March 2, the price of 1 Bitcoin surpassed the trading value of an ounce of gold, with Bitcoin valued at $ 1,265 and an ounce of gold at $ 1,237.

If we take that figure and multiply it by the closing price on June 16, $ 1,181 per ounce, we find that the value of all gold comes within a nugget's throw of $ 7 trillion.

To date Amarillo has tested 5 of the 19 known old workings at Lavras do Sul and 4 of these have returned significant gold values, including the Butia prospect 215,000 ounces of gold Indicated from 6.4 MT at 1.05 g / t Au, and 308,000 ounces of gold Inferred from 12.9 MT at 0.74 g / t Au using a 0.30 g / t cut - off grade.

In a gold bull market the «value» of an ounce of gold rises relative to the major equity indices and both senior currencies.

Sure, gold had risen in value from a low of $ 710 / ounce back up to $ 900 / ounce, but prices were still off 10 % from the highs reached in 2008.

If we could get the total cash value of gold today (around 1900 an ounce) for all of the boullion in the vault we would have about 2.7 trillion dollars... So it would not cover our debt or even get close.

If you have inflationary pressure, the «value» of an ounce of gold (or barrel of oil, etc) may «double», but it's really because the underlying comparator has lost «half» its value.

the value of Gold isn't $ 32 for 1 ounce in 2014.

In 1980, for instance, an ounce of gold went as high as $ 800 per ounce or more while just a year later it was valued at just around $ 300 per ounce.

One friendly but sharp - eyed commentator on Berkshire has pointed out that our book value at the end of 1964 would have bought about one - half ounce of gold and, fifteen years later, after we have plowed back all earnings along with much blood, sweat and tears, the book value produced will buy about the same half ounce.

The shaky economy has caused gold prices to shoot up to over $ 900 per ounce - even though 85 percent of gold mined these days goes to jewelry, and there's no «gold standard» backing currencies, gold is considered a valued commodity in economic downturns.

The Silver State does indeed mine a large amount of silver, but if you measure by value per ounce, this mineral is a distant second to gold.

On November 21, 2017, Novogratz predicted that Bitcoin's value would be higher than an ounce of gold and that a Bitcoin would reach $ 10,000 per coin, by the end of December 2017.

Since its inception, bitcoin's value has grown substantially and even surpassed the value of a troy ounce of gold in early 2017.

From 1974 through 2013, gold increased in value from $ 158.93 an ounce to $ 1,356.30, an average annual increase of 5.51 percent.