Let me rephrase the question... "If gold is $3 per ounce how much would it be for a whole pound?" there are 16 oz in a pound, so 3*16= $48
The troy ounce (ozt) is 480 grains. There are 12troy ounces per troy pound.
1 pound (troy or apothecary) = 0.823 avoirdupois pounds.
A pound is a pound no matter what substance. so the answer would be 16Answer:A Troy pound is used to weigh silver and gold, it has 12 ounces and a mass of 373 g. An Avoirdupois pound is used for everything else. It has 16 ounces and a mass of 454 g.16
Depends on what ounce you want it in. * The avoirdupois ounce is the most commonly used ounce today. It is equal to 28.35 grams * A troy ounce (abbreviated as t oz) is equal to 31.10 grams. There are 12 troy ounces in the now obsolete troy pound. The troy ounce is used only to express the mass of precious metals such as gold, platinum or silver. * * The Dutch ounce is 100 gram * The Chinese traditional ounce (tael) has been given a metric value of 50 grams. So 8 grams of gold is 0.257 Troy ounces (approx.) or 0.282 Avirduoise ounces However, if you are looking at a ring it is not likely to be pure gold, rather an alloy. This indicated by the karat stamp (e.g. 10 K) this indicates the fraction of pure gold in the item. 24 K is pure gold.
One ounce of gold in 2012 is $1,712.
No. On second thoughts, yes, it is! You give me a miserly pound of gold and I will generously give you a whole ounce of gold - and even of the same purity). Can you beat that offer?
12
no
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.)
It depended on what type of pound of gold you are talking. Correct way of weigh the gold in pound is troy pound which is divided into 12 ounces. The troy ounce is about 31.1 grams. The pound of gold weigh about 373.2 grams. 100 pound of gold is worth over 2 million dollars at the current rate give or take.The essay is written on Weds., September 12, 2012.
troy ounce is precious metals 12 to a pound apothecary ounce is for drugs avoirdupois ounce is for most anything else 16 to a pound answers: which weighs more a pound of feathers or a pound of gold? a pound of feathers which weighs more an ounce of feathers or an ounce of gold? an ounce of gold
Gold is priced in ounces, and the price changes very quickly. A pound would be sixteen times the ounce price.
Gold is priced in ounces, and the price changes very quickly. A pound would be sixteen times the ounce price.
The value of 125 pounds of gold would depend on the current market price of gold per troy ounce. As of the current market price, 1 troy ounce of gold is approximately $1,800. Therefore, 125 pounds of gold would be worth around $270,000.
A pound of gold weighs 14.583 troy ounces. This answer is correct only if you mean an avoirdupois pound. A troy pound (used for precious metals) is 12 troy ounces. If you ask how many troy ounces are in a pound, you would normally mean a troy pound unless you specify another type of measure - there are several different difinitions for the measure "pound".
With gold selling in 2012 at $1700 an ounce or more, a trillion dollars worth would be equal to or less than 29,781 short tons (US). A short ton is 2000 pounds (avoirdupois). A troy pound of gold is 12 troy ounces, and is equal to about 0.823 pounds. At $1700 an ounce (troy), gold would be $20,400 a troy pound, or $16,789 a pound (avoirdupois). A ton would therefore be $33,578,000.
Gold is currently around $1200 USD per ounce. There are 16 ounces in a pound and you have an 8 pound gold bracelet. So 1200 * 16 * 8 = 153,600 USD. If it is pure gold. I believe this is correct.