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To: one guy in new jersey

(2042-42.22)*8000 tons*2000 pounds per ton*16 ounces per pound=$511,943,680,000.00.

$$$$$$$$$$$$$$$$$$$$

Not to pick nits, and I may be wrong because I don’t know exactly how gold is measured, but isn’t there something about gold being measured in troy ounces (avoirdupois?), so there’s only 12 troy ounces to a pound?


12 posted on 05/13/2023 12:18:09 PM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2

I kinda answered my own question:

“An avoirdupois ounce weighs 28.3495 grams, while a troy ounce weighs 31.1035 grams. It’s believed that this is a throwback to the historic importance of precious metals in trade markets, and merchants’ need to have a standard unit of weight for gold, silver, gemstones and the like.”

$$$$$$$$$$$$$$$$$$$$$$

Is not gold usually measured in troy ounces?

If I buy an ounce of gold from a dealer, am I getting an avoirdupois ounce or a troy ounce?


14 posted on 05/13/2023 12:22:16 PM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2

Avoirdupois is 16 oz/lb. Precious metals are weighed in troy ounces.

A troy ounce is 31.1 grams
An AV ounce is 28.35 grams (rounded)

1 ton = 29166.67 troy ounces.

8000 tons = 233,333,360 troy ounces

233,333,360 troy ounces x $2,042/ozt =

$476,466,721,120


17 posted on 05/13/2023 12:27:06 PM PDT by mn-bush-man
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To: Eccl 10:2

Thx.

1 Troy Ounce = 1.097143 Ounces.

So maybe the party can be a little bigger.

Or last a little longer.


19 posted on 05/13/2023 12:28:10 PM PDT by one guy in new jersey
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To: Eccl 10:2

1 pound = 14.583 troy ounces

Gold is weighed in Troy ounces


50 posted on 05/13/2023 1:17:23 PM PDT by tired&retired (Blessings )
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To: Eccl 10:2
" ---but isn’t there something about gold being measured in troy ounces (avoirdupois?), so there’s only 12 troy ounces to a pound?"

I thought there was a there will be no math clause when we joined Free Republic.

61 posted on 05/13/2023 1:56:39 PM PDT by buckalfa (Gut feelings are your guardian angels)
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