Dear Dave: 
There is a difference between fluid ounces (volume) and ounces of
weight. 
There are 12 troy ounces in a pound of gold.  Although a troy ounce is
heavier (in grams) than an avoirdupois ounce, a pound of water still
weighs more than a pound of gold.  One close relationship that is easy
to remember is, "A pint's a pound -- the world around!"  Except in
England.  
Ben Palmer
>From Eric's Treasure Troves:
=Pound= 
A unit of Weight defined as the basic unit (instead of Mass) in the
Imperial system. It corresponds to a Mass of 453.592 g, and a Weight of 
 1 lb = (0.453592 kg)(9.80665 m/s2) = 4.448
N.                                                   
See also Bag, Pound-Mass, Pound-Volume, Slug ,Stone 
at http://www.astro.virginia.edu/~eww6n/physics/physics.html
 
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