An 8.18-gram Roman gold aureus from the time of Julius Caesar (died 44 BCE) would contain gold worth $330.50. The spot price of silver is $14.22 per Troy ounce [5] .
On November 15, 2007, the price for an ounce of gold was $793.30. It’s important to compare apples with apples, so it’s necessary to know that the purchasing power of $1 in 1900 equivalent to about $25 in 2007. So $20.67 in 1900 would be worth about $517 in 2007. So gold has outpaced inflation, but how does it compare to other investments?
How much is a pound of gold worth? As of this writing, the gold price per ounce is $1,866. Since there are 12 troy ounces in a troy pound, gold is selling at approximately $22,392 per pound ($1,866 x 12).
Most people cannot afford to buy a full brick of gold. A coin however, representing variations of an ounce, is much more affordable, and a recognized monetary asset by every government. With the current value of gold at around $1300 an ounce, buying even 1/10 of that is affordable for most. Check out our American Gold Eagle 1 oz coin for sale here.
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how much is ten ounces of gold worth
