What is the total worth of this quantity of gold?

Chemistry: Principles and Practice
3rd Edition
ISBN:9780534420123
Author:Daniel L. Reger, Scott R. Goode, David W. Ball, Edward Mercer
Publisher:Daniel L. Reger, Scott R. Goode, David W. Ball, Edward Mercer
Chapter1: Introduction To Chemistry
Section: Chapter Questions
Problem 1.97QE: Gold leaf, which is used for many decorative purposes, is made by hammering pure gold into very thin...
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It has been estimated that 8.0 x 104 tons of gold (Au) have been mined. Assume gold costs $948 per ounce. What is the total worth of this quantity of gold? (1 ounce = 0.0625 lbs) (1 ton = 2000 lbs)

 

 

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