How much gold can you buy for 200 smackaroos?
Home
/
How much gold can you buy for 200 smackaroos?
How much gold can you buy for 200 smackaroos?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
Assuming 200 smackaroos is somewhere near 200 US dollars:
Gold is at US$1238.70 per troy ounce right now. That is $39.83 per gram.
Thus, if you could buy gold at the spot price, you would be able to get about 5 grams. Realistically, coin shops usually sell small amounts of gold like this at about 10% over spot, and they also charge sales tax. You could probably get 4 grams or a touch more with US$200.
If we are talking about dollars, you would need a magnifying glass to see $200. worth.