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Why do we say "pound" but write lb?

Thanks! Now that we got that covered, how about solving some thermodynamics puzzles for me? 😛
 
jknight8907 said:
This logic does not compute...
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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!
 
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.
 
barkmonster said:
It might be that a Ib of gold was worth £1 in currency at some point in the past.
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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.
 
LynnW said:
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.
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I did say "might" (as in, "Haven't got a clue, but maybe") 😉
 
Rossatron said:
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.
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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.
 
barkmonster said:
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!
Click to expand...

If your £10 got you 10 pounds of gold, that 10 pounds would still be worth..... £10.
 
LynnW said:
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.
Click to expand...

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