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$4,564,493. How do people weigh and price gold?
Gold is NOT MEASURED in standard ounces/pounds! Instead, precious metals use TROY ounces/pounds. See:
How_many_ounces_in_one_pound_of_gold
As of 11:00 am EST Tuesday Sept. 6th, gold is $1,895.90 an ounce.
A Troy pound contains 12 Troy ounces, which are about 31.1 grams each, for a total weight in regular ounces of 373.24 grams. 200.63 Troy pounds = 2,407.56 Troy ounces, times $1,895.9 = $4,564,493.
What else can I help you with?
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