Ton and tonne are two words that are commonly mistaken. Despite the phonetic similarity between the two, these systems of measurement differ significantly. Ton is a unit of measure most used outside of the United States. Tons used the metric system, a system of measurement which has been adopted as the international standard of measurement. A tonne is commonly referred to as a metric ton in the U.S.
One metric tonne is equivalent to 2,204.62 pounds or 1000 kilograms. Ton is a unit of measurement which was commonly used in Britain before the adoption of the metric system. It's equal to 2,000 pounds or 907.18 kilograms. This unit of measure uses the imperial system, a system of units that came into official use across the British Empire in 1826.
Though the imperial system was replaced in most parts of the world, the United States, Liberia, and Myanmar continue its use. It's important to distinguish the difference between the different weights and measurements of gold when looking to diversify your assets.
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