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The U.S. standard is $ 25.00 per fine ounce of gold. The U.K. standard is £ 5.00 per fine ounce of gold. Transatlantic shipping costs are $ 0.75 per fine ounce of gold. The spot rate is $ 4.80 / £ 1.00 How much profit per fine ounce can be earned by shipping gold from New York to London?
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The us dollar equivalent is 0.3841 for the Brazilian real and 1.8759 for the U.K. pound. this means that
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