2006-09-01 11:05:05 · 4 answers · asked by twit-twit 1 in Education & Reference ➔ Other - Education
Gold is not measured in the traditional ounce and pound manner. Heinz was absolutely right - gold is measured in "troy ounces" and there are 12 troy oz. to the pound.
2006-09-05 04:50:18 · answer #1 · answered by Prof. Cochise 7 · 0⤊ 0⤋
At about $500. a troy ounce and 12 ounces to the pound, $6,000.
Just checked gold is presently $624. an oz
So 1 (troy) pound would be US$7,488.00
2006-09-01 18:08:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Above Heinz is correct at $624.00 a troy ounce. There are 16 ounces in a pound. The answer is $9,984.00 dollars a pound, Heinz must of had a 12 ounce beer before he answered...Have fun!!!
2006-09-01 18:16:05 · answer #3 · answered by 345Grasshopper 5 · 0⤊ 0⤋
427.00 per ounce do the math
2006-09-01 18:15:32 · answer #4 · answered by uofsmike 4 · 0⤊ 0⤋