What is 50 000 pounds of gold worth in U.S. dollars?

Answer 1

To determine the worth of 50,000 pounds of gold in U.S. dollars, you first need to convert pounds to troy ounces, as gold is typically priced by the troy ounce. There are approximately 14.583 troy ounces in a pound, so 50,000 pounds is about 729,150 troy ounces. If the price of gold is, for example, $1,800 per troy ounce, then 50,000 pounds of gold would be worth approximately $1.31 billion. The exact value will depend on the current market price of gold.