# How Much Money Is a Pound of Gold Worth?

## Answer

As of April 2013 a pound of gold was worth just under \$23,000. The price of gold, like all commodities fluctuates daily. Gold backs the US dollar and is considered the ultimate in trading leverage. Many people choose to invest in gold rather than property because they believe it has a stronger value and is a stronger long term investment. Others argue that the US dollar has been over-printed and that gold has lost its value significantly.
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Q&A Related to "How Much Money Is a Pound of Gold Worth?"
 The typically used measrement for the measurement of the worth of gold is the Troy Ounce. This sytem of measurement was created by the Anglo-Saxons. As such, according to the Troy http://answers.ask.com/Reference/Other/how_much_is...
 To calculate this amount you need the current price of gold (today its \$1,131) and some simple math. There are 16 ounces in a pound so we multiply todays price (\$1,131) times 16 to http://answers.ask.com/Business/Finance/how_much_i...
 As of December 5, 2009, the price of gold \$55.50 per ounce. There are 16 ounces to a pound. So, a pound of pure gold would be \$888.00. Most gold is purchased by the ounce according http://answers.ask.com/Business/Constructions_and_...
 ghjkl. http://wiki.answers.com/Q/How_much_money_is_gold_w...
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