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Only 6 million troy ounces (178 metric tons) came from gold acquired in January 1934 under the gold-buying program of Executive Order 6102 (which required individuals and institutions deliver to the government all but a small amount of their gold coin and bullion), and 26 million troy ounces (800 metric tons) from domestic production and return ...
Various ways of expressing fineness have been used and two remain in common use: millesimal fineness expressed in units of parts per 1,000 [1] and karats or carats used only for gold. Karats measure the parts per 24, so that 18 karat = 18 ⁄ 24 = 750 ‰ and 24 karat gold is considered 100% gold.
A milligram of gold is sometimes referred to as a mil or mgg. Therefore, 1 AUG = 1 gg = 1000 mgg = 1000 mil, and 1 mil = 1 mgg = 0.001 gg = 0.001 AUG. This allows gold holdings and transfers to take place in tiny fractions of a gram (equivalent to a few cents ).
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