Because of the price of silver being literally on fire, they will not be buying and selling troy ounces of metallic silver when the markets open in New York tomorrow morning. Instead, they will be selling “oxide ounces” of silver oxide, in sealed-plastic capsules of this black powder, with an oxide ounce of silver oxide being defined as that amount of silver oxide which contains one troy ounce of silver.

A troy ounce of silver is 31.1 grams of that element, which has a molar mass of 107.868 g/mole. Therefore, a troy ounce of silver contains (31.1 g)(1 mol/107.868 g) = 0.288 moles of silver. An oxide ounce of silver oxide would also contain oxygen, of course, and the formula on the front side of a silver oxide capsule (shown above; information on the back of the capsule gives the number of oxide ounces, which can vary from one capsule to another) is all that is needed to know that the number of moles of oxygen atoms (not molecules) is half the number of moles of silver, or (0.288 mol)/2 = 0.144 moles of oxygen atoms. Oxygen’s non-molecular molar mass is 15.9994 g, so this is (0.144 mol)(15.9994 g/mol) = 2.30 g of oxygen. Add that to the 31.1 g of silver in an oxide ounce of silver oxide, and you have 31.1 g + 2.30 g = 33.4 grams of silver oxide in an oxide ounce of that compound.

In practice, however, silver oxide (a black powder) is much less human-friendly than metallic silver bars, coins, or rounds. As you can easily verify for yourself using Google, silver oxide powder can, and has, caused health problems in humans, especially when inhaled. This is the reason for encapsulation in plastic, and the plastic, for health reasons, must be far more substantial than a mere plastic bag. For encapsulated silver oxide, the new industry standard will be to use exactly 6.6 g of hard plastic per oxide ounce of silver oxide, and this standard will be maintained when they begin manufacturing bars, rounds, and coins of silver oxide powder enclosed in hard plastic. This has created a new unit of measure — the “encapsulated ounce” — which is the total mass of one oxide ounce of silver oxide, plus the hard plastic surrounding it on all sides, for a total of 33.4 g + 6.6 g = 40.0 grams, which will certainly be a convenient number to use, compared to its predecessor-units.  

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[This is not from The Onion. We promise. It is, rather, a production of the Committee to Give Up on Getting People to Ever Understand the Meaning of the Word “Literally,” or CGUGPEUMWL, which is fun to try to pronounce.]