Gold gram 730228 208726909 2008-04-28T10:50:49Z ClueBot 4928500 Reverting possible vandalism by [[Special:Contributions/203.145.176.250|203.145.176.250]] to version by 89.243.66.59. False positive? [[User:ClueBot/FalsePositives|Report it]]. Thanks, [[User:ClueBot]]. (343010) (Bot) A '''gold gram''' is the amount of value represented by exactly one [[gram]] of [[gold]]. It is a [[unit of account]] frequently used for [[digital gold currencies]]. It is sometimes denoted by the symbol "gg", "AUG", or "GAU". A milligram of gold is sometimes referred to as a mil or mgg. Therefore, 1 AUG = 1 gg = 1000 mgg = 1000 mil, and 1 mil = 1 mgg = 0.001 gg = 0.001 AUG. This allows gold holdings and transfers to take place in tiny fractions of a gram (equivalent to a few [[Cent (currency)|cents]]) A possible source of confusion is that gold is often priced on the open market in the more traditional [[troy ounce]] (one troy ounce is exactly 31.1034768 grams, which is larger than the [[avoirdupois]] ounce generally in use in the [[United States]] and has a mass of 28.35 grams). Some services such as [[BullionVault]] use [[kilogram]] prices of gold, with the smallest denomination being 0.001 kg or 1 g (equivalent to approximately [[US$]]27.70 as of January 2008). Kilogram gold prices are also commonly used by the Zurich Gold Pool, where 1,000 kilograms = one [[metric tonne]]. == See also == * [[Digital gold currency]] * [[Digital currency exchanger]] * [[Gold standard]] ==External links== * [http://dgcsc.org/goldprices.htm Prices of Gold Grams in various fiat currencies] [[Category:Gold investments]] {{econ-stub}}