On Sun, 04 Dec 2011 15:16:44 +0000, the renowned lemel_man
wrote:

Why bother with converting from metric units?

Mostly because the price of gold as reported on the daily news is
quoted in US dollars per troy ounce.

Maybe some day we'll have to convert from CNY (kuai) per gram, but not
yet.

The current price of gold here in UK is £35.835/gm. 1000Kg is
,1000,000gms, so the amount of gold is worth £35,835,000. At the current
exchange rate (today is 4 Dec 2011) that is $55,884,681.77

Type in 1000kg in troy oz into Google:

1000 kilograms = 32150.7466 troy oz

Gold price from kitco.com: http://www.kitco.com/market/
1745.8 US $/troy oz (halfway between bid & ask price) & we get
56,128,(772.4)

Google also says from 56128772.4 USD in GBP

35.9869029 million British pounds



Best regards,
Spehro Pefhany
--
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