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This logic does not compute...

Your logic computer has obviously crashed then :D

It's obvious what was meant but I'll explain it.

If you had for example, £10 in cash in your wallet.

Traded that for 10Ib in gold.

At £785.82 per oz based on today's current prices obtained here: http://goldpricenetwork.com/goldprice/uk/

And using ACTUAL Ibs and Oz, not some flaky lower quantity version (like the US version of gallon vs ACTUAL gallon for example), that would mean trading £10 for 10Ibs of gold which is 160oz.

That's £125,731.20!
 
It might be that a Ib of gold was worth £1 in currency at some point in the past.

The British pound was worth one pound of silver sterlings, hence the term pound sterling. The sterling was an coin from Anglo-Saxon times. 240 sterlings weighed on pound. Large payments were made in pounds of sterlings.
 
The British pound was worth one pound of silver sterlings, hence the term pound sterling. The sterling was an coin from Anglo-Saxon times. 240 sterlings weighed on pound. Large payments were made in pounds of sterlings.

I did say "might" (as in, "Haven't got a clue, but maybe") ;)
 
you can't retire with £125K. it's a large sum, but when you think about living off of it, it's not that much at all.

I was using £10 as an example but if you had £100/100Ib of gold, £1.25Million would be a reasonable amount. I'm 36 and I could happily live off that myself.
 
Your logic computer has obviously crashed then :D

It's obvious what was meant but I'll explain it.

If you had for example, £10 in cash in your wallet.

Traded that for 10Ib in gold.

At £785.82 per oz based on today's current prices obtained here: http://goldpricenetwork.com/goldprice/uk/

And using ACTUAL Ibs and Oz, not some flaky lower quantity version (like the US version of gallon vs ACTUAL gallon for example), that would mean trading £10 for 10Ibs of gold which is 160oz.

That's £125,731.20!

If your £10 got you 10 pounds of gold, that 10 pounds would still be worth..... £10.
 
The British pound was worth one pound of silver sterlings, hence the term pound sterling. The sterling was an coin from Anglo-Saxon times. 240 sterlings weighed on pound. Large payments were made in pounds of sterlings.

Good post - but weren't they actually called pennies. (240 to the pound)?
 
Well, that takes all the fun out it.

You could have waited to click the link. It would have quietly sat there for as long as you wanted, like a contented cat. Well, a cat that can also explain mathematical puzzles. All it would need to be perfect is a red bowtie and a tall hat with red and white stripes.
 
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