What are Taels?

In Europe we tend to buy gold as either bars or coins. However, in Asia the preference is is for gold taels which is a 24 carat sheet weighing 1.2 ounces (That’s troy ounces, so yes an ounce of gold does weigh more than an ounce of feathers). If you visit places like Hong Kong you will see these all over the place, particularly in the vibrant street markets where gold buying is a major activity these days.

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