Money and Unit of Mass
Ngoen (เงิน) is Thai for silver as well as the general term for money, reflecting the fact that the baht (or tical) is foremost a unit of weight for precious metals and gemstones. One baht = 15.244 grams. Since the standard purity of Thai gold is 96.5%, the actual gold content of one baht by weight is 15.244 × 0.965 = 14.71046 grams; equivalent to about 0.473 Troy ounces. 15.244 grams is used for bullion; in the case of jewellery, 1 baht should be more than 15.16 grams.
Read more about this topic: Thai Baht
Famous quotes containing the words money, unit and/or mass:
“With money you’re a dragon; without it you’re a worm.”
—Chinese proverb.
“During the Suffragette revolt of 1913 I ... [urged] that what was needed was not the vote, but a constitutional amendment enacting that all representative bodies shall consist of women and men in equal numbers, whether elected or nominated or coopted or registered or picked up in the street like a coroner’s jury. In the case of elected bodies the only way of effecting this is by the Coupled Vote. The representative unit must not be a man or a woman but a man and a woman.”
—George Bernard Shaw (1856–1950)
“No doubt Jews are most obnoxious creatures. Any competent historian or psychoanalyst can bring a mass of incontrovertible evidence to prove that it would have been better for the world if the Jews had never existed. But I, as an Irishman, can, with patriotic relish, demonstrate the same of the English. Also of the Irish.... We all live in glass houses. Is it wise to throw stones at the Jews? Is it wise to throw stones at all?”
—George Bernard Shaw (1856–1950)