Wikipedia said:The unit is descended from the Roman libra (hence the abbreviation "lb"); the name pound is a Germanic adaptation of the Latin phrase libra pondo, 'a pound by weight'.
Thanks! Now that we got that covered, how about solving some thermodynamics puzzles for me?![]()
It might be that a Ib of gold was worth £1 in currency at some point in the past.
I wish it was now! I could retire with what's in my wallet.
This logic does not compute...
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.
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.
Your logic computer has obviously crashed then
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!
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.
If your £10 got you 10 pounds of gold, that 10 pounds would still be worth..... £10.
Now solve the riddle of the 3 men at the hotel and the missing dollar!
oh dear, the simple point of humour is lost on some people isn't it.
Well, that takes all the fun out it.