yeahh... 4 1/2 = $?
2007-08-02 03:38:23 · 10 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
4.5 tons = 144,000 ounces
Current gold price per ounce = $663.74
144,000 x 663.74 = $95,578,560
2007-08-02 03:48:21 · answer #1 · answered by euchre_king_03 2 · 1⤊ 0⤋
I get about $97.2 million dollars. 4.5 tons x 2000 lbs = 9000 pounds. Times 16 ounces per pound = 144,000 ounces. Gold today at about $675 per ounce = $97,200,000. Does that sound about right to everyone?
2007-08-02 03:48:52 · answer #2 · answered by Guy H 2 · 1⤊ 0⤋
4.5 tons is 9000 pounds.
Gold is sold per TROY ounce. There are 14.58 Troy ounces in a pound. So 9000 * 14.58 = 131200 troy ounces. At ~$675 per troy ounce today that makes $88.5 million dollars. Not too shabby, but Bill Gates can imagine that kind of money!
Hope it was helpful!
2007-08-02 03:49:28 · answer #3 · answered by Rush is a band 7 · 0⤊ 0⤋
If you're talking about avoirdupois pound, which contains 16 ounces, the value on Aug 1, 2007 was approx $97,920,000 usd
2007-08-02 03:44:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
At about 144000 oz, or 4.5X2000lbx16oz/lb, and a spot gold price of about $675, it just under $100 million, say 97 million or so, depending on the daily price of gold.
2007-08-02 03:43:17 · answer #5 · answered by mesondk 2 · 0⤊ 0⤋
changes daily...
you can calculate it...
Gold price per oz X 4.5 tons X 2000 lbs/ton X 16 oz / lb X conversion from troy z to "sae" oz (I forgot that conversion factor... easy to look up)
Right now ... something on the nature of $625/oz X4.5X2000X16
punch it in a calculator
2007-08-02 03:43:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
approx $95,472,000 USD, assuming it is about $663 an ounce, which is the current rate for the day.
16 oz=1 pound
9000 lbs.
2007-08-02 03:42:31 · answer #7 · answered by datgirl88 4 · 0⤊ 0⤋
well gold is about £10,000 a kilo so your talking about £40m so roughly $80m, course thats assuming you have 4 metric tonnes. i dont understand the these crazy old things called pounds and ounces :D
2007-08-02 03:44:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋
$21590 / kilo 6/aug/2007
$21,590,000 * 4
$86,360,000 for 4 metric tonnes
2007-08-06 01:56:45 · answer #9 · answered by zebedos 3 · 0⤊ 0⤋
i dont think anyone in earth could imagine it, not even bill gates
2007-08-02 03:41:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋