1 gram of gold = 74.679 grams of silver (1 gram of silver = 0.01339 grams of gold). Gold and silver are both precious metals. The density of gold is 19.3g/cm3; that of silver is 10.53g/cm3. The density of gold is 1.8323 times that of silver. Then the volume of one gram of gold is 1.8323 times that of one gram of silver.

Gold is the elemental form of the chemical element gold (chemical element symbol Au). It is a soft, golden yellow, corrosion-resistant precious metal. Gold is one of the rarest, most precious and most valued metals. Internationally, gold is generally measured in ounces. In ancient China, gold was measured in ounces. It is a very important metal. It is not only a special currency used for reserves and investment, but also an important material for the jewelry industry, electronics industry, modern communications, aerospace and aviation industries and other sectors.

International gold prices have soared since 2015. The price of gold in the New York market has risen from US$1,200 per ounce, and has risen to the US$1,300 mark in less than a month; statistics show that the price of gold futures in the New York market has soared this year. A cumulative increase of 9.3%.

Silver is a chemical element with the chemical symbol Ag (from Latin Argentum) and atomic number 47. It is a silver-white transition metal. Silver exists in a very small amount in nature as a free element, mainly in silver-containing compound ores. Silver has stable chemical properties, low activity, high price, good thermal and electrical conductivity, is not easily corroded by chemicals, is soft, and has high ductility. Its reflectivity is extremely high, reaching more than 99%.

Gold is regarded as a symbol of wealth. This fact has not changed yet. No matter how the currencies of various countries change, gold is still gold.

1. The importance of gold

Gold has strong monetary characteristics such as very scarce properties, very small global reserves, and the key is not easily destroyed. When there is a problem with the world's currency, the only thing that humans can trust is gold.

2. Gold Equivalent Currency

Since gold is regarded as equivalent currency, it naturally has its valuation attributes. Each country has different weights and valuation units for gold.

In ancient times, gold was priced in taels. For example, 1 tael of gold = 1,000 taels of silver.

Now, it’s different. Every country in the world has its own currency. There are more than 200 countries in the world, and each country has its own currency. Japan has the yen, the UK has the pound, and the United States has the dollar.

After World War II, the Bretton Woods system established the dominant position of the US dollar in the global currency and equated the US dollar with gold. That is to say, the future quotations of gold will be denominated in US dollars. This is what we see today. Gold quotes are expressed in U.S. dollars, and buying and selling transactions are settled in U.S. dollars.

At the same time, a special unit of ounces was set for the unit of gold, which is different from the ordinary international weight standards of grams, tons, etc.