2010-02 JCNS Newsletter DRAFT.doc
The silver price might be $16 US dollars per Troy ounce, and there are 32.15075 Troy ounces in a kilogram (look it up). So the melt value is 32.15075 times $16 = $514. Step 12. Add value of the guarantee. The gold coins we have talked about are guaranteed to contain the specified amount of pure gold. ................
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