Hold on to that... it's worth its weight in gold.
But is it really? Although it's a common figure of speech, very few things actually meet the criteria.
Let's do the math:
Today, one troy ounce of gold is worth about $1,250. With the help of some basic multiplication and division, and our knowledge of weight conversions, let's derive some other basic gold prices, rounded up to the nearest dollar:
One troy ounce of gold = $1,250
One standard ounce of gold (slice of bread) = $1,140
One pound of gold (loaf of bread) = $18,229
One gram of gold (dollar bill) = $40
One kilogram of gold (pineapple) = $40,187
One ton of gold (small car) = $36,457,500
Off the top of your head, can you think of any one pound object (about the weight of a loaf of bread) worth $18,229? It took me a while to dream up some answers. Pound-for-pound, here are some of the few things that actually meet the criterion. At least for now.
If you're in the mood to learn more about gold, check out one of our most popular articles of all time, 50 Surprising Facts You Never Knew About Gold.
