A weight converter is an important tool to use when investing in silver, especially when investing in physical silver. Firstly, you don’t want to overpay for silver, and secondly, you don’t want to miss out on an opportunity to invest in silver at the lowest possible price levels (or cost for that matter!). In order to do this successfully, one of the things you need to be able to do is weight conversion, especially from grams to troy ounces (t oz / ozt). The reason being, is because the silver price (spot price of silver) or price quoted in the mainstream media is quoted in $ (USD) per troy ounce (t oz / ozt).
In other words, it’s important to be able to convert from other weight units (grams, kilos, etc.) to troy ounces (t oz / ozt) in order to get a good idea of what would be a fair price to pay for silver. This is not to say that the silver price (spot price of silver) as quoted in the mainstream media gives a true reflection of silver’s intrinsic value, especially considering all the silver market manipulation that had been going on for some time now. It’s rather to say that if silver’s intrinsic value is for argument’s sake $50 per fine ounce (t oz / ozt), but the price quoted in the mainstream media is $18 per fine ounce, you don’t want to pay $40 for silver per fine ounce if you can get it for around $18 or even $30 per fine ounce. Yes, you will still be in the money even if you buy it at $49.99 per fine ounce if the intrinsic value is at $50 per fine ounce (assuming there are no brokerage fees, etc.), but you will definitely be more in the money if you can buy silver at a price or cost further South of $49.99.
Why make one American cent of profit per fine ounce if you can make $10, $20, $30 or even more profit per fine ounce?
Needless to say, the silver investor that wishes to be successful must always strive to buy silver at the lowest possible price or cost. This makes sense, especially if you consider that before the fiat currency you use to pay for silver becomes utterly worthless, you will still need to work or put in some effort to earn or obtain the relevant fiat currency in order to use it to pay for silver. Thus, if you want to be a successful silver investor (or at the least protect the value of your money), you want to tap the maximum value out of the relevant fiat currency. What better way to do it than to buy silver at the lowest possible price or cost? Silver is money after all. It’s always better to get your hands on money at the least cost if possible, especially if you had been a victim of the “paper gimmick” for any lenght of time.