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2. Troy weight - Wikipedia

   en.wikipedia.org/wiki/Troy_weight

   Troy ounce is a traditional unit of gold weight. Troy weight is a system of units of mass that originated in 15th-century Kingdom of England [1] and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces).

3. Gold Standard Act - Wikipedia

   en.wikipedia.org/wiki/Gold_Standard_Act

   Gold Standard Act. An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes. The Gold Standard Act was an Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining ...

4. 1970s commodities boom - Wikipedia

   en.wikipedia.org/wiki/1970s_commodities_boom

   The United States weaned itself off the gold standard in the 1970s, allowing the price of gold to float. The price of gold went from a set exchange rate of $42.22 per troy ounce in 1973 to almost $200 per ounce in 1976. Price of gold 1915-2022 Copper Price of copper. Price controls were implemented in the early 1970s to combat inflation but ...

5. Analysis: Behind the price rise of gold and silver

   www.aol.com/analysis-behind-price-rise-gold...

   Gold futures were higher at $2,438.50. Spot silver also rose to $32.17, an over 11-year high. For comparison, consider the price of gold over the past couple decades. After a June 2001 average of ...

6. 1973 United States–Soviet Union wheat deal - Wikipedia

   en.wikipedia.org/wiki/1973_United_States–Soviet...

   In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 106 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain. Hoping to prevent famine or other crisis, Soviet negotiators ...

7. Grain (unit) - Wikipedia

   en.wikipedia.org/wiki/Grain_(unit)

   The carat was eventually set to 205 milligrams (1877), and later 200 milligrams. For touch or fineness of gold, the fraction of gold was given as a weight, the total being a solidus of 24 carats or 96 grains. See also. English unit; Notes 1. ^ The exact value of one grain per US gallon is 64.798 91 / 3.785 411 784 mg/L (ppm).: C-12, C-14