What Can 1 Ounce Of Gold Buy?

Gold investing has become one of the most popular facets of the commodity world in the past few years. After watching the precious metal soar to its historic high in 2011, many have hopped on the gold train and added exposure to their portfolio. One of the biggest limiting factors in gold investment is the sheer price of the metal; at roughly $1,700/oz. it can be quite expensive to own a substantial of the commodity [for more gold news and analysis subscribe to our free newsletter]. 

It can be easy to overlook the price tag on this commodity, but when you step back and take a macro look at gold, you get a better idea for why it is classified as a precious metal. Below, we show you all of the things that an ounce of gold could buy should you ever decide to cash in you holdings.

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Disclosure: No positions at time of writing.