Why Does an Ounce of Silver Weigh More Than an Ounce of Iron
Precious Metals like Gold and Silver
An Ounce of Silver
This was written April 22, 2012. This is about much more than what it appears to be about. It explains why an ounce of silver weighs more than an ounce of iron and why a pound of silver (no longer used) weighs less than a pound of iron. Make sure to watch the 3 minute video below with the financial consultant. It is so funny!
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Many are very annoyed at this question since their high school or college did not teach them about this. Maybe they did it since the government wanted people to be ignorant about gold and silver so they will ignore this.
I was at a yard sale and a woman there had graduated medical school and she did not know the answer to this. To get into medical school, you have to do very well in college and be very smart. You have to take an MCAT (medical college aptitude test) to get into medical school.
There is a joke where they ask about which weighs more-- a pound of lead or a pound of feathers. Many will say that the lead weighs more since it is more dense but they weigh the same. An ounce of silver weighs about 31 grams and an ounce of iron weighs about 28 grams. A pound of silver (no longer used) weighs 12 ounces and a pound of iron weighs 16 ounces.
Everything is weighed in the avoirdupois system except precious metals like gold, silver, platinum and palladium. Precious metals are weighed in the troy system of weights. You do not give horse tranquilizers to people and you do not weigh precious metals in the avoirdupois system. Maybe it is a government conspiracy that they do not teach it.
So if you weigh out an ounce of sterling (pure) silver jewelry and the dealer says that it weighs less than an ounce, do not kill him. I did that and ended up in prison for many years. Just kidding! In the picture above the word "fine" means pure. Sometimes it will have the level of purity like 99.99% fine gold. That is not as pure as 99.999% pure gold. There is no 100 % gold or silver.
Maybe the government does not want people to know about gold and silver since the U.S and Europe's money used to be backed by gold and silver. Ron Paul has been saying for decades that our money needs to be backed by gold and silver again or there will be financial troubles. According to the funny video below with a financial expert, Europe is broke and the U.S. is being kept afloat with money from China.
This article is from May 30, 2011. It announces that the state of Utah has made gold and silver legal tender and other states are trying to do that since they do not rust the federal government. Note that most of Ron Paul's money is invested in gold and silver mines. This article is definitely worth reading. It says:
Utah just became the first US state to recognize gold as legal tender. Its Legal Tender Act of 2011 allows U.S. minted gold and silver coins to be recognized as legal tender in the value that reflects the market price for gold and silver.
“If the federal government isn't going to do it, then we here in Utah ought to be able to establish a monetary system that would survive a crash if and when that happens,” Lowell Nelson, interim coordinator for the Campaign for Liberty in Utah, told NY Times.
Minnesota introduced (but not passed) a bill to “designate gold and silver coin as official ‘legal tender’ in payment of debts under certain circumstances.”
The bill said “the currency emitted by the Federal Reserve System [i.e. the US dollar] has created and threatens to create increasing instability in the governmental finances and private economy of the state of Minnesota.”
North Carolina introduced (but not passed) a bill that would have the state issue its own legal tender backed by the gold and silver in the state’s treasury.
“I think we're in the process of inflating a dollar bubble that could be very devastating,” said the legislator who introduced the bill, reported the News & Observer.
South Carolina introduced (but not passed) a bill that would replace the US dollar with gold and silver in as legal tender in the state.
"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s.The Soviet Union didn't think their system would collapse, but it did. Ours is capable of collapsing also,” said the legislator who introduced the bill, reported CBS.
The reality is that gold and silver have an intrinsic value and they are worth something everywhere in the world. Whereas it is possible for the U.S. dollar to become worth about 10 cents which may be close to the cost of the paper and printing it. There is a need for gold and silver in industy. Silver is the metal with greatest electrical conductivity but it oxidizes (turns dark similar to iron rusting). Gold does not oxidize at all.
Gold and silver have been vaued since before biblical times. In fact it was with silver that the Lord was bought and paid for. The Bible (NIV version) says in Matthew 26:15
and asked, "What are you willing to give me if I hand him over to you?" So they counted out for him thirty silver coins.
Like I said earlier, Ron Paul (who is running for president) feels that it was a big mistake for the U.S. to no longer have gold and silver backing its currency. Just like when the U.S. came up with a constitution, many European countries followed, they also followed in having their money backed by nothing so they could print up huge amounts of it.
It was in 1971, when President Nixon took us completely off the gold standard. He was the only U.S. president to ever resign. Having paper money like U.S. dollars enables you to lend money that no one has and that does not exist, hence the economic crises in Europe. Their present situation could not have happened if their paper money was backed by precious metals like gold and silver.
Note that back in the 70s, the minimum wage was around $16 an hour in today's dollars and the banks would pay 5% a year interest (compounded daily making it more than 5%) on your savings account. I have an article about Why Ron Paul for President 2012.
Latest News: April 19, 2012-- “The Missouri Sound Money Act of 2012 is established which changes the laws regarding legal tender as follows: (1) Specifies that gold and silver issued by the federal government is legal tender in Missouri;”
"Gold is the money of Kings, Silver is the money of Gentlemen, Barter is the money of peasants, Debt is the money of Slaves. You Get to Pick!" Gold and silver is eaten by people in India. They can make it into a very tiny sheet and wrap it around a food or supplement.
Here is a 2014 article called Oklahoma Affirms Gold and Silver as Legal Tender. It says:
On June 4, Oklahoma joined Utah, Texas, and Louisiana in affirming that gold and silver coins are (as they always have been under the Constitution) legal tender in the payment of debts in the state. On the surface this seems almost nonsensical: affirming a right that already exists in Article I, Section 10 of the U.S. Constitution. But it is much more than that.