xlt in MD
Senior Member
Dude, Hamid is no joke. I think that is is job.
What would you do with 1 lbs of Gold?
16 oz = 1 lbs.
Spot Gold = 1,657.00 per oz ( 29-JAN-2013 )
1657 x 16 = $26,500.
http://www.youtube.com/watch?v=iwYkW8BkM7s&feature=endscreen&NR=1
precious metals use troy weight. 12oz = 1 lbs.
31.1 grams = 1 oz
480 grains = 1 oz