What would be the value of a block of pure gold 1 cubic foot in volume?

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What would be the value of a block of pure gold 1 cubic foot in volume?

Question #143572. Asked by Walneto.
Last updated Nov 25 2016.
Originally posted Nov 24 2016 11:28 PM.

samak
Answer has 10 votes

Currently Best Answer

samak
12 year member
123 replies avatar

Answer has 10 votes.

Currently voted the best answer.

1 cubic foot is 27,000 cubic centimeters which is approx 16,770 troy ounces. The current spot price is about USD 1,180 /oz so the total value would be just under $20 million

http://www.finishing.com/325/90.shtml

http://www.apmex.com/spotprices/gold-price

Nov 25 2016, 12:45 AM

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Answer 1

This site gives 17,554 troy ounces per cubic foot. Gold prices vary, and today I find it is $1191 per ounce, making the cubic foot of gold worth about 20.9 million dollars.

http://www.traditionaloven.com/metal/precious-metals/gold/convert-cubic-foot-cu-ft-gold-to-troy-ounce-tr-oz-gold.html

What would be the value of a block of pure gold 1 cubic foot in volume?

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