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"Price Per Ounce" In Context

Tyler Durden's picture





 

When it comes to commodities priced "per ounce", the two most quoted products are silver, and of course gold. But in a broader context are these prices a lot or little? How do some other less known commodities stack up to the world's two most precious metals. Here are the prices for a wide universe of other compounds which are also priced on a "per ounce" basis...

  • Copper: $0.24
  • Silver: $33
  • Beluga caviar: $345
  • Gold: 1,700
  • Carbon 60: $2,495
  • Cocaine: $4,791
  • Namibian uncut rough diamonds: $98,490
  • Plutonium Oxide: $165,500
  • Soliris (anemia drug): $533,000
  • Human eggs: $157 trillion

That said, we doubt any of the above have the wealth and capital preservation capabilities of those two most popular shiny metallic objects which may or may not be edible, but have survived the rise and fall of nearly 3000 paper currencies over the ages.

Source: Wired

 


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Fri, 12/07/2012 - 17:17 | Link to Comment chistletoe
chistletoe's picture

Is there NOBODY

 

who noticed what "Evian" is backwards?

Fri, 12/07/2012 - 17:20 | Link to Comment saulysw
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Really, the price of crude per ounce should be there too.

Fri, 12/07/2012 - 17:57 | Link to Comment JohnG
JohnG's picture

About 12.8 cents.

Fri, 12/07/2012 - 17:35 | Link to Comment Iam_Silverman
Iam_Silverman's picture

I wish that this list was geared more towards the comparison of PM's and Semi-PM's to commodities that are staples for human consumption - not luxuries or off the wall splurging.

It would be nice to know how much Au or Ag or Cu to stack for coffee, cocoa beans, beef, pork bellies, etc.

Fri, 12/07/2012 - 17:51 | Link to Comment mt paul
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one hundred dollar bills

2800.00 $ per oz

Fri, 12/07/2012 - 17:53 | Link to Comment trader1
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that is some over-priced toilet paper!!!

Fri, 12/07/2012 - 17:55 | Link to Comment Stuck on Zero
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Since we're talking about the price of commodities how about the price per ounce of 1 dollar bills.  At 1 gram for each dollar a Troy ounce yields 31.1 grams or:

1 Troy ounce of Dollar Bills = $31.10.

That is a cheap-shit commodity.

 

 

Fri, 12/07/2012 - 18:00 | Link to Comment trader1
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fractional dollar bills?  hmmm...where are those accepted?

Fri, 12/07/2012 - 18:37 | Link to Comment Stuck on Zero
Stuck on Zero's picture

If you think about it ...  as long as the Treasury doesn't cheapen up the paper in a Dollar bill they will always remain at a constant $31.10 per ounce.  Why that's probably the steadiest price of any commodity in existence.

 

Fri, 12/07/2012 - 19:05 | Link to Comment trader1
trader1's picture

got wood?

Fri, 12/07/2012 - 20:28 | Link to Comment are we there yet
are we there yet's picture

A toilet paper roll is about 6 ounces give or take. Say $200 per toilet paper roll.

Fri, 12/07/2012 - 18:40 | Link to Comment yourapostasy
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If the average silicon memory chip is about 5.6 mg, then with the current highest-density mass-market sticks of 16 GB DDR2-667 PC2-5300 selling at no less than $360 and as much as $720, assuming the chips themselves are 50% of the cost of that retail package, that works out to $113,905-227,809 per ounce. More than the uncut rough diamond example, less than the drugs example, and depreciates faster than any of the examples given. This makes gold look dirt cheap by comparison.

Gold, bitchez!

Fri, 12/07/2012 - 21:00 | Link to Comment Monedas
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"Why buy human eggs .... when cum is so cheap ?" .... Anderson Vanderslut Cooper

Sun, 12/09/2012 - 04:17 | Link to Comment Yen Cross
Yen Cross's picture

Monedas/ you are like Stewie in Family Guy/ Insanely intelligent, with no regard for others.

Yes, I get your point.

 I could make a comment, but that would just be fuel for Iceland/

Fri, 12/07/2012 - 21:08 | Link to Comment Rustysilver
Rustysilver's picture

How much is political bull $hit / ounce.  I hear a lot of it. If I could only repackage and sell it to anybody.

Fri, 12/07/2012 - 23:14 | Link to Comment egoist
egoist's picture

I presume CO2 will show up on the list in a year or 2.

Sat, 12/08/2012 - 01:58 | Link to Comment Bansters-in-my-...
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Pssstt.....

Wanna buy some human eggs,man....

Wired is right.

Sat, 12/08/2012 - 02:46 | Link to Comment merizobeach
merizobeach's picture

"Wired is right."

They also published an article called "Why the Future Doesn't Need Us".  Fascinating: http://www.wired.com/wired/archive/8.04/joy.html

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