Eric:
There are 480 grains per troy oz.
So you can convert your Sovereigns using the above
On 4/8/20 12:18 PM, Eric Coates via gnucash-user wrote:
Adrien
OK. Now that I understand where GnuCash's gold price comes from I've
come to the conclusion that what I called the "retail price" of gold
is a mirage!
My gold is in the form of Sovereigns (each of about 7.5gms) and I
guess that the only reliable way to get a value of it is by offering
it for sale.
But I now know more than I did when I woke up this morning which can't
be bad. Thank you
Eric
A note for Long:
It was your question about realised and unrealised losses that got me
thinking (you used "gold" as an asset). I think, unless you actually
have real gold, this thread is best ignored - except as an
intellectual exercise. I do hold gold (in modest quantities) and
that's how I'm thinking of this thread.
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