# Why do we say "pound" but write lb?

Discussion in 'Community Discussion' started by Rossatron, Oct 14, 2013.

1. ### Rossatron macrumors 6502a

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#1
Question in the title. Was doing homework last night and started wondering about it

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#2
Here you go:

3. ### Rossatron thread starter macrumors 6502a

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#3
Thanks! Now that we got that covered, how about solving some thermodynamics puzzles for me?

4. ### Chundles macrumors G4

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#4
Using imperial measurements? Let me go get my abacus...

5. ### barkmonster macrumors 68020

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#5
It might be that a Ib of gold was worth £1 in currency at some point in the past.

6. ### Apple fanboy macrumors Penryn

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#6
I wish it was now! I could retire with what's in my wallet.

7. ### jknight8907 macrumors 6502a

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#7
This logic does not compute...

8. ### barkmonster macrumors 68020

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#8
Your logic computer has obviously crashed then

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

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!

9. ### Rossatron thread starter macrumors 6502a

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#9
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.

10. ### LynnW macrumors member

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#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.

11. ### barkmonster macrumors 68020

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#11
I did say "might" (as in, "Haven't got a clue, but maybe")

12. ### barkmonster macrumors 68020

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#12
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.

13. ### jknight8907 macrumors 6502a

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#13
If your £10 got you 10 pounds of gold, that 10 pounds would still be worth..... £10.

14. ### jeremy h macrumors 6502

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#14
Good post - but weren't they actually called pennies. (240 to the pound)?

15. ### barkmonster macrumors 68020

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#15
oh dear, the simple point of humour is lost on some people isn't it.

16. ### senseless macrumors 68000

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#16
Now solve the riddle of the 3 men at the hotel and the missing dollar!

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#17
18. ### senseless macrumors 68000

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19. ### ohbrilliance macrumors 6502a

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#19
Interesting topic, but I'm curious why you didn't just search wikipedia?

20. ### rhett7660 macrumors G4

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#20
I thought it was funny, but this post actually made me laugh more!

21. ### chown33 macrumors 604

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#21
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.