Ounce
in sentence
109 examples of Ounce in a sentence
In April, gold was selling for close to $1,300 per
ounce
– and the price is still hovering below $1400, an almost 30% drop from the 2011 high.
The price of gold recently reached a four-month high and is approaching $1,700 an
ounce.
Anyone with an
ounce
of foresight should have known that the status of Northern Ireland would become a stubborn conundrum at the center of the Brexit negotiations.
Such behavior has pushed the price of gold from $400 an
ounce
in 2005 to more than $1100 an
ounce
in December 2009.
The price of an
ounce
of gold in 1980 was $400.
And by the year 2000, when the US consumer price index was more than twice its level in 1980, the price of gold had fallen to about $300 an
ounce.
Even when gold jumped to $800 an
ounce
in 2008, it had failed to keep up with the rise in consumer prices since 1980.
Since gold was $400 an
ounce
in both years, holding gold did nothing to offset the fall in the value of the dollar.
Over the next few years, it may fall to $500 an
ounce
or rise to $2,000 an
ounce.
When it comes to climate risk, an
ounce
of prevention is worth a pound of cure.
That system ended on August 15, 1971 when President Nixon, as part of a package of economic changes including wage and price ceilings, "closed the gold window," ie, he ended the commitment that the US had undertaken at Bretton Woods to buy and sell gold at $35 an
ounce.
“An
ounce
of prevention is worth a pound of cure” applies with particular force to issues of monetary policy.
An
ounce
of prevention is certainly desirable, but because nothing can be proved totally safe--at least, not to the standard demanded by many regulators--the precautionary principle has become a self-defeating impediment to the development of new products.
Even the US, for example, significantly inflated down its debt in the 1970’s, and debased the gold value of the dollar from $21 per
ounce
to $35 in the 1930’s.
The old adage that “an
ounce
of prevention is worth a pound of cure” applies with particular force to monetary policy.
The Gold Bubble and the Gold BugsNEW YORK – Gold prices have been rising sharply, breaching the $1,000 barrier and in recent weeks rising towards $1,200 an
ounce
and above.
Gold prices since the fall of 2013 have tumbled from $1,900 per
ounce
to around $1,200.
A Meeting of Minds on HIV/AIDSGENEVA – An
ounce
of prevention, Benjamin Franklin famously said, is worth a pound of cure.
The Bank of England stood ready to convert a pound sterling into an
ounce
of (11/12 fine) gold on demand.
The Bretton Woods system linked the US dollar to gold at $35 per ounce, with other currencies linked to the dollar (though occasionally allowed to make adjustments).
At over $4,200 (as of October 5), a single unit of the virtual currency is now worth more than three times an
ounce
of gold.
The Wild West of Electronic WasteIRVINE , CALIFORNIA – One Troy
ounce
(31 grams) of gold is now selling for approximately $1,150 on the open market.
There, the prospect of recovering a fraction of an
ounce
of gold or platinum entices communities to discount heavily the toxic risks and health effects of chronic exposure.
(Gold prices, for example, at $1,050 per
ounce
at the end of November, are far off their peak of nearly $1,890 in September 2011, and copper prices have fallen almost as much since 2011.)
According to a recent report released by the World Bank and the United Nations, Natural Hazards, UnNatural Disasters: The Economics of Effective Prevention, an
ounce
of prevention in planning for disasters is worth a pound of cure.
The primary check was that other countries could demand conversion of their growing dollar reserves into gold at the fixed price of $35 per
ounce.
The price of gold went from $20.67 an
ounce
– a price in effect since 1834 – to $35 an
ounce.
Under the gold standard, the dollar was convertible into gold at a fixed price of $20.67 an
ounce.
The gold-buying policy raised the official gold price from $20.67 an
ounce
in October 1933 to $35.00 an
ounce
in January 1934, when the experiment was discontinued.
Even when national budgets are tight, health investments are worth it; after all, an
ounce
of prevention is worth a pound of cure.
Back
Related words
Worth
There
Price
Prevention
Pound
Movie
Which
Could
Their
Prices
Would
Since
Dollar
After
Without
People
Nothing
Health
Early
Comes