31 mg of 24Kt gold equals how many US dollars?

Answer 1

so I'm watching t.v. and i see an add telling us how gold prices have skyrocketed and how a gold coin issued by the government has increased in value exponentially...blah blah blah. and then they offer you a chance to get a copy of this non-monetary value coin for only $19.95 (the original asking price was set at $50.00 - but by who?) it is clad in 31mg of .9999 gold, i repeat (as did the announcer on t.v.) .9999 gold, the purest gold you can find! all the while the camera is doing a closeup of this coin which looks rough and badly manufactured. probably a steel or aluminum casting with gold plating.

i decide to do a little math. 31mg equals .001093493 ounces (there is another commercial for another gold coin that is clad in 51mg grams of gold). at $1000.00 and ounce that is equal to $1.09 worth of gold. the 51mg coin is clad in $1.80 worth of gold. i don't know who i am more mad at, the people that make these things that prey on uninformed public or the uninformed public that gives these people money to make this stuff.

Answer 2

1.02

Answer 3

5?

Answer 4

$1.80