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926.34 per ounce x 16 ounces in a pound = 14,821.44 per pound of gold.
try this site its useful
http://gold-price-blog.info/
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He might be referring to a troy pound of gold. In that case, there are 12 troy ounces to a pound, therefore multiply the cost of one ounce of gold by twelve.
Also, the spot price of gold is NOT the cost of gold or value of gold. The spot price of gold is for traders in the futures commodity market. Add around 5% to the spot price of gold to get how much you will be able to buy your one ounce of gold for from most companies. I've been trading gold for over ten years and people who argue that they should buy their gold at the exact spot price are wished 'good luck' and shown the door.
For example, today 09-18-09, gold spot was 1010 and I was selling bars for around 1045 per troy ounce and one ounce bullion eagles for around 1055.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoAccording to the value of gold as of right now... it would cost approximately $14,000. But of course this depend on the market value and who you are buying from.
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How much does one pound of gold cost?
1 pound of gold costs 26,400$ for 2012.
How much does a one thousand year old pound of gold cost?
The price of gold at present is about 900 USD per ounce There for 1 lb of gold would cost 14,400 USD
How much does gold cost per pound?
winner
How much did 1 pound of gold cost in 1849?
2,666 American dollars was what 1 pound of gold was worth in 1849
What is the value of a 50-pound gold bar?
Gold is priced by the ounce. A 50 pound block would be 600 ounces and would cost 600 times the one ounce price. (The reason it's 600 oz. is because gold -- and all precious metals -- are measured in Troy ounces, which are twelve to the pound.)
How much is one pound of gold cost?
It's just under $600/oz right now, so a pound would be something like $9600
What was the Magi's gift to baby Jesus worth?
Gold was probably worth the same or more then it does now, but the frankincense and myrrh probably reached its peak price during the time Jesus was around. Frankincense would have cost $500 per pound and myrrh would have cost $4,000 per pound. Gold was probably worth the same or more then it does now, but the frankincense and myrrh probably reached its peak price during the time Jesus was around. Frankincense would have cost $500 per pound and myrrh would have cost $4,000 per pound.
Which would be worth more a pound of 10 pure gold coins or half a pound of 20 pure gold coins?
A pound of gold is worth more than half a pound of gold.
How much money is a pound of gold worth?
1
How much money is gold worth per pound?
ghjkl
How much is one pound of gold cost in Indonesia?
500,000 indonesia want the money and get the money indonesia is very expensive country and rich if u dont wanna waste ur money dont go there
What is the cost of bronze per pound?
1 million pieces of gold
