Precious Metals lighter than paper money?

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Submitted by sogon on February 6, 2008 - 4:42am

OK so after seeing a photo of $1 Million I did some back of the napkin calculations.
1 gram | $ value
$100bill | $100
platinum | $58
gold | $28

I used $100 bill because is the basically the highest denomination of bill currently produced.

Any thoughts on how long equilibrium will take or other consequences of this?

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A gram of decent cocaine is
Submitted by golfproz on February 6, 2008 - 7:28am.

A gram of decent cocaine is about $100.

I'm not sure what this post has to do with anything but there is my useless contribution.....

A gram of decent cocaine is
Submitted by fat_lazy_union_... on February 6, 2008 - 7:41am.

A gram of decent cocaine is about $100.

I'm not sure what this post has to do with anything but there is my useless contribution.....

 

Is there an ETF for that one?

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My point is that if I wanted
Submitted by sogon on February 6, 2008 - 7:42am.

My point is that if I wanted to carry $100,000 with me, it will soon be easier to just carry platinum or gold. It will be smaller but weigh the same (1kg).

Is there an ETF for that
Submitted by HereWeGo on February 6, 2008 - 9:54am.

Is there an ETF for that one?

EWW or ILF, maybe?

How about whale vomit?
Submitted by nostradamus on February 6, 2008 - 10:26am.

How about whale vomit? Ambergris. I don't see that in your list but it's worth a lot, you should always carry some.

http://news.bbc.co.uk/2/hi/asia-pacific/...