How Much is 55 Pounds of Gold Worth?

What is the value of 55 troy pounds of gold in dollars, euros, and pounds?
Note: Precious metals are typically weighed in troy ounces and pounds, which are slightly different than standard ounces and pounds.

Weight

Unit

Grains
Grams
Kilograms
Long Tons
Metric Tons
Milligrams
Ounces
Pennyweight
Pounds
Stone
Tons
Troy Ounces
Troy Pounds

Metal

Aluminum
Copper
Gold
Platinum
Silver

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55 Troy Pounds of Gold is Worth
U.S. dollars (USD)	1,185,030
Euros (EUR)	1,126,277
British pounds (GBP)	964,141

Market prices as of December 3, 2022

Is Gold a Good Store of Value?

For very long periods of time, yes, gold is an excellent store of value.

Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

This doesn’t mean that there haven’t been ups and downs. Between 1980–2000, the price of gold declined considerably.

However, with governments printing more and more money due to the coronavirus and pension crises, it seems likely that gold will continue to hold its value well.

Nearby Results

Troy Pounds	USD Value
55.00	$1,185,030
55.01	$1,185,245
55.02	$1,185,461
55.03	$1,185,676
55.04	$1,185,892
55.05	$1,186,107
55.06	$1,186,323
55.07	$1,186,538
55.08	$1,186,754
55.09	$1,186,969
55.10	$1,187,185
55.11	$1,187,400
55.12	$1,187,616
55.13	$1,187,831
55.14	$1,188,046
55.15	$1,188,262
55.16	$1,188,477
55.17	$1,188,693
55.18	$1,188,908
55.19	$1,189,124
55.20	$1,189,339
55.21	$1,189,555
55.22	$1,189,770
55.23	$1,189,986
55.24	$1,190,201

Troy Pounds	USD Value
55.25	$1,190,417
55.26	$1,190,632
55.27	$1,190,847
55.28	$1,191,063
55.29	$1,191,278
55.30	$1,191,494
55.31	$1,191,709
55.32	$1,191,925
55.33	$1,192,140
55.34	$1,192,356
55.35	$1,192,571
55.36	$1,192,787
55.37	$1,193,002
55.38	$1,193,217
55.39	$1,193,433
55.40	$1,193,648
55.41	$1,193,864
55.42	$1,194,079
55.43	$1,194,295
55.44	$1,194,510
55.45	$1,194,726
55.46	$1,194,941
55.47	$1,195,157
55.48	$1,195,372
55.49	$1,195,588

Troy Pounds	USD Value
55.50	$1,195,803
55.51	$1,196,018
55.52	$1,196,234
55.53	$1,196,449
55.54	$1,196,665
55.55	$1,196,880
55.56	$1,197,096
55.57	$1,197,311
55.58	$1,197,527
55.59	$1,197,742
55.60	$1,197,958
55.61	$1,198,173
55.62	$1,198,389
55.63	$1,198,604
55.64	$1,198,819
55.65	$1,199,035
55.66	$1,199,250
55.67	$1,199,466
55.68	$1,199,681
55.69	$1,199,897
55.70	$1,200,112
55.71	$1,200,328
55.72	$1,200,543
55.73	$1,200,759
55.74	$1,200,974

Troy Pounds	USD Value
55.75	$1,201,190
55.76	$1,201,405
55.77	$1,201,620
55.78	$1,201,836
55.79	$1,202,051
55.80	$1,202,267
55.81	$1,202,482
55.82	$1,202,698
55.83	$1,202,913
55.84	$1,203,129
55.85	$1,203,344
55.86	$1,203,560
55.87	$1,203,775
55.88	$1,203,990
55.89	$1,204,206
55.90	$1,204,421
55.91	$1,204,637
55.92	$1,204,852
55.93	$1,205,068
55.94	$1,205,283
55.95	$1,205,499
55.96	$1,205,714
55.97	$1,205,930
55.98	$1,206,145
55.99	$1,206,361