How much is 1 pound of gold worth?

1 US pound (lb.) = 14.5833333 troy ounces

spot price of 1 troy ounce of gold on 10-05-2010 is currently US dollars $1340.00 per troy ounce.

Multiply that times 14.5833333 equals: $19,541.67 dollars (rounded off to the nearest cent).