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?
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
Gold is sold buy the TROY ounce. The troy ounce has 31.225....grams. When people say 28 grams is the weight of an ounce it refers to standard weight.
One user said:While on the face of it a pound of feathers would seem to weigh the same as a pound of gold, this overlooks the fact that gold is universally weighed using a different definition of 'pound' than that used for most other materials.Precious metals such as gold are measured in troy weight. A troy pound is 12 troy ounces, and each troy ounce is 480 grains, making a total of 5760 grains to the pound of gold.Most materials use pounds and ounces from the avoirdupois system, and such a standard pound is made up of 16 ounces, where each ounce is 437.5 grains, making a total of 7000 grains to the pound of feathers.All this means that a "pound" of feathers (or bricks, or lead) is heavier than a "pound" of gold.
One ounce of pure gold is in 1 ounce of pure gold dust.
A kg is a kg so they are the same.This riddle only works for a pound of gold and a pound of feathersPrecious metals such as gold are measured in troy weight. A troy pound is 12 troy ounces, and each troy ounce is 480 grains, making a total of 5760 grains to the pound of gold.Most materials use pounds and ounces from the avoirdupois system, and such a standard pound is made up of 16 ounces, where each ounce is 437.5 grains, making a total of 7000 grains to the pound of feathers.All this means that a "pound" of feathers (or bricks, or lead) is heavier than a "pound" of gold.
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
No....the AV pound is heavier. The Troy ounce is heavier than a AV ounce but there are only 12 troy ounces in a Troy pound compared to 16 in a AV pound. There is an old joke...What is heavier, a pound of Gold or a pound of feathers...? The pound of feathers... Because the troy pound of Gold is measured in Troy...which has a lighter pound.
no
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
12
One pound of gold is 12 Troy Ounces. How much 1 pound of gold is worth is another question and depends on the current Spot Market price of gold per Troy Ounce.
The troy ounce (ozt) is 480 grains. There are 12troy ounces per troy pound.
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".
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.)
Precious metals like gold and silver are weighed using the Troy system where there are 12 Troy ounces in a Troy pound and each oz. consists of approximately 31.1 grams. Most other items in English-speaking countries are weighed using the Avoirdupois system where there are 16 Avoirdupois ounces in each Avoirdupois pound and each oz. consists of approximately 28.35 grams. Consequently, a Troy pound = 373.2 grams and an Avoirdupois pound = 453.6 grams. So, an ounce of gold is heavier than and ounce of iron, but a pound of iron is heavier than a pound of gold.
This saying means that somebody can promise a lot, but do nothing. Or a person could do a little without promising anything. So the one who actually did something (performance) is worth at least as much as a bunch of promises. I imagine that this saying (and the one about an ounce of prevention is better than a pound of cure) comes from weighing and valuing metals, such as gold, silver, etc.
1/12. Actually, precious metals (gold, silver, platimun, & palladium) are measured in troy weight. One troy ounce is about 1.097 (avoirdupois - what we normally use in the U.S.) ounces, and one troy pound is 12 troy ounces. Therefore, one pound of gold (troy) is equal to about .824 pounds (avoirdupois). One pound of gold weighs only .824 times as much as a pound of feathers....or lead.