2006-06-20 20:15:09 · 15 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
the cash.
gold is less than 600/oz. at today's prices, 93 bills and you are already ahead. do you think that there are more than 93 bills in a pound?
Bureau of Engraving and Printing's web site wrote:
The approximate weight of a currency note, regardless of denomination is (1) one gram. There are 454 grams in one (1) U.S. pound, therefore, there should be 454 notes in (1) one pound(Avoirdupois system).
a pound of bills is worth just under 50K. a pound of gold is worth less than 10K.
when gold hits 2800/oz, start shopping for a buyer for your pound of money.
2006-06-20 20:19:18 · answer #1 · answered by © 2007. Sammy Z. 6 · 0⤊ 0⤋
Take the pound of $100 bills.
1 bill weighs about 1 gram
1 lb is about 453.6 grams X $100 = $45,360
I ounce gold is about $577 US
1 lb is 16 ounces X $577 = $9293
Seems a simple choice to me :o)
2006-06-21 03:33:37 · answer #2 · answered by Dale P 6 · 0⤊ 0⤋
Pound of 100$ bills is worth a lot more than a pound gold.
Considering $45000 dollars, I will go with that instead of $10000 worth of gold.
For investment sake, I may put in $25000 in gold in case prices go up;)
2006-06-21 03:18:52 · answer #3 · answered by spooky_ppp 2 · 0⤊ 0⤋
Gold
2006-06-21 03:18:38 · answer #4 · answered by dolly 2 · 0⤊ 0⤋
a pound of 100 dollar bills i,m to lazy to trade in the gold for money.
2006-06-21 03:50:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
There are 453 bills in a pound. So the value of the bills is $45,300
The value of a pound of gold is $9,248. (Today's market price)
Clearly the gold is much better.
2006-06-21 03:23:55 · answer #6 · answered by vendredi 2 · 0⤊ 0⤋
Gold prices go up and down whereas dollar bills' purchasing power usually decreases (unless you exchange them in a country where dollars are more valued). I'd hedge my bets on gold.
2006-06-21 03:31:22 · answer #7 · answered by icyharris2006 2 · 0⤊ 0⤋
I would think the bills would be worth a whole lot more, but I don't know the actual worth of gold, so I'm not positive of that.
2006-06-21 03:19:37 · answer #8 · answered by pandasage1221 3 · 0⤊ 0⤋
The gold. at 600 bucks a troy ounce that would be better. gold prices go up an down, but i would still take the gold.
2006-06-21 03:19:28 · answer #9 · answered by late_sleeper35 5 · 0⤊ 0⤋
One pound of $100 bills would be about $45,400.
A pound of gold would be $9,200.
Go for the bills!
2006-06-21 03:21:23 · answer #10 · answered by Anonymous · 0⤊ 0⤋