Common Cents wrote:There's a good reason why JP Morgan bought such a huge position in physical copper last week.
silverflake wrote:Please help. Newbie here. OK, I know a 1 ounce silver or gold bullion piece is 31.1 grams and that a troy pound of silver and/or gold is 12 ounces (correct that if I am wrong). So, is copper measured the same way? In other words, does $4/pound of copper mean that it's $4 for 12 troy ounces, each ounce weighing 31.1 grams? If this is not right, please let me know. And yes, I do realize that a pound in the day-to-day english system is SIXTEEN ounces (not twelve) and that an ounce is 28.35 grams. Thanks to anybody and everybody.
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