Friday, August 20, 2010

Twiglets Versus Gold

As addressed in a previous post here, the British confection named Twiglets is a fave of mine.  I believe I wrote that post upon my return from Calgary, where I had purchased a 150 gram bag for CA $9.50 plus GST, and - unbeknownst to me - my daughter had purchased two more bags for future considerations.  That got me to thinking that, although I had consciously decided to expend a tenner to indulge myself, the family in total actually spent close to three times that on the taste I crave.  The cost?  6.33 Canadian cents per gram before tax.  Now a troy ounce of gold contains 31.103477 grams, and today is worth US $1233.70 per ounce - or $39.664375 per gram.  The exchange rate is C$ 1.00 to US$ 1.0289 as I write this, so in Canuck bucks gold is worth $40.810675 per gram.   The Gold to Twiglets ratio is therefore 40810675/6.33 or 644.7184 - say 645 - so there you go.