Metrological traceability of measurement results provides the comparability needed for reliable measurement in almost every aspect of our daily life, ranging from fundamental science, through health and safety to global trade. From the authors (a physicist) perspective and understanding of recent literature, measurements in chemistry compare the amount of analyte, are often made indirectly, are sometimes not fully traceable to the SI, and metrological traceability is perhaps not always the major concern of the practising analytical chemist. The present article examines which of these views are typically chemical, and which are common to both the physicist and the chemist. Much can be gained by formulating a common understanding of basic concepts of traceability of measurement results in meeting ever-increasing demands for comparability of measurement results in both traditional as well as new areas of technology and societal concern.