No, it does not. Given the current price of gold, that would mean it would cost over $1,800 to make a phone.
1oz
2009 50 dollar gold piece 1oz worth money value
20 pennyweight.
At lease $1000.00
As of 11-3-09 1oz of 24k gold is valued at $ 1,092.72
1oz of 24 ct Gold is currently $1296 United Sates Dollars.
1 troy ounce weighs 31.1 gram.
The spot price of gold right now is $1,085.50oz so value as of today about $1.025.00
what is a gold rectengled meyers& Co 1OZ troy 18.00
(24/9) x 10 oz = 26 2/3 oz.
Premium is charged front & back (pay when you buy,pay when you sell), I've seen 15% to 20%.
1 oz platinum