[GNC] Price of gold

[Les]

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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