ARE YOU WORTH YOUR WEIGHT IN PLATINUM OR, MAYBE, SAFFRON? Gold is not the only substance that commands a hefty price per pound. The Telegraph recently reported on the most valuable materials in the world by weight and some were quite surprising!

  • Saffron is the most valuable spice in the world. Most of the world’s saffron comes from Iran and it can cost as much as $65 a gram, according to The Guardian. There are almost 454 grams in a pound, putting the value of saffron at $29,510 a pound.
  • Beluga caviar is mighty expensive. Guinness World Records puts the price at about $34,500 a kilogram. A kilogram is a little more than two pounds.
  • Platinum is expected to cost about $1,005 an ounce during 2016, according to Kitco. There are 16 ounces in a pound, putting its per pound value at $16,080.
  • Gold may run about $1,250 an ounce, or $20,000 a pound, by the end of 2016, according to CNN Money.
  • White truffles are “the fanciest tubers in the fungi kingdom,” according to Vox.com. A four-plus pounder sold for $60,000 at auction in 2014, but more common varieties sell for about $300 a pound.
  • Venom is pretty tough to harvest, and it commands a premium price. Snake venom runs about $370 per gram, scorpion venom about $596 per gram, and spider venom comes in at about $1,342 per gram. Multiply these amounts by 454 and you get (per pound for each) $167,980 for snake venom, $270,584 for scorpion venom, and $609,268 for spider venom!

Gram for gram, there are some things in the world more valuable than gold!

Weekly Focus – Think About It

“My father gave me the greatest gift anyone could give another person, he believed in me.”

–Jim Valvano, College basketball player, coach, and broadcaster

Sources:

http://www.telegraph.co.uk/business/2016/05/18/the-most-valuable-substances-in-the-world-by-weight/saffron/

https://www.theguardian.com/world/2016/feb/04/iran-saffron-sales-lifting-sanctions

http://www.asknumbers.com/PoundsToGrams.aspx

http://www.guinnessworldrecords.com/world-records/most-expensive-caviar/

http://www.kitco.com/news/2015-12-22/HSBC-Platinum-To-Average-1-005-Palladium-655-In-2016.html

http://money.cnn.com/2016/02/02/investing/gold-prices-rise-2016/

http://www.vox.com/2016/6/15/11932370/truffles-expensive-costs-thousands

http://www.brainyquote.com/quotes/quotes/j/jimvalvano358465.html?src=t_fathersday

 

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