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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- One Round Trip Ticket to Paris
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- One Month’s Rent in Los Angeles
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- The Original Island of Manhattan
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- 146 1-Gram Jars of Saffron
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- One 750 mL bottle of AE Dor No 11 Cognac
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- One 60″ LED LG HDTV
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- Gibson Les Paul Standard Electric Guitar
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- 1,934 Tons of Silver
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- Two Nights for Two in Sweden’s Ice Hotel
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- 483,827,493 Gallons of Gas in the U.S.
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- 516 McDonald’s Big Macs
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- .00001% of U.S. National Debt
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- 242 Cups of Starbucks’ Premium $7 Coffee
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- Per Capita GDP of Kenya
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- 3.6 million 16 GB iPads
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- 3 Shares of AAPL
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- 2,250 Apples
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- 5.4 Seconds of Play From Peyton Manning
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- 22.8 Seconds of Play From LeBron James
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- The 2013 Yankees’ Payroll 9 Times Over
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- 0.05% of Al Capone’s Inlation-Adjusted Tax Evasions
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- 43.7 Seconds of TV Time From Ashton Kutcher
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- 0.9% of the Speaking Fee for President Clinton
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- Skydiving for You and 7 Friends
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- TAG Heuer Aquaracer Watch
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- 16,320 No. 2 Pencils
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- 17 Hour Massage
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- One Ticket to 2013 BCS National Championship
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- 9,272 Diapers
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- 4,080 Inches of Subway Sandwiches
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- 4 of the World’s Most Expensive Steaks
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- Three Months of Groceries for Two
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- A Scooter
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- 1 Credit Hour at Sarah Lawrence University
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- 2266 Hersheys Chocolate Bars
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- Samsung Series 9 15″ Laptop
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- 32 Cows
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- 0.5% of a Rolls Royce Phantom
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- 1.3% of the 2011 Average Wall Street Executive Bonus
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- 10 Shares of GLD
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- 227 Bushels of Corn
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- 2 Pete Rose “I’m sorry for betting on baseball” Baseballs
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- 20 Entry Tickets to Disneyland
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- 400 Gallons of Milk and 2002 Cookies
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- 7531 Ounces of Copper
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- 170,000 Penny Slot Pulls
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- One Pair of Manolo Blahniks
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- 1.2% of a Berkshire-Hathaway A Shares Stock
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- 51 Weeks of Food Stamps Benefits
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- Foosball Table
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- 3,405 Cans of Coca-Cola
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- One Piece by Sam the Painting Dog
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- Happiness
Further Resources and Reading:
- Commodity ETF Education
- Gold ETF Education
- Silver ETF Education
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Disclosure: No positions at time of writing.
