Trade Gold For Food? That Works.
The old anti gold investing axiom goes “You can’t eat gold!†As I have proven in other blog articles on this site, you can eat gold. You can drink gold too. You just won’t really get any bodily nutrition in doing so. That being said, you can trade gold for food, because gold is a currency, and gold is a gentleman’s currency at that.
Back not too long ago, when the American Gold Eagle and the American Gold Double Eagle were being produced en masse by the US Mints, dinner was often paid for in gold coin, or a “Trade gold for food†situation if you will. Any fine hotelier or innkeeper would gladly trade gold for food, and if you were going to trade gold for food, what fine food it would be.
Even though times change and you may not trade gold for food directly, the costs associated with an ounce of gold and a very fine meal have stayed somewhat in step. This being the case there are several fine foods and ingredients that are so expensive, the idea to trade gold for food still may seem relevant.
Trade Gold For Food? Bring Plenty Of Gold.
There are some foods that exist in the culinary world that can rival the price gold ounce for ounce. Caviar can be one of them. Caviar of the finest types are essentially the fish eggs from an unusual fish called a Sturgeon. Sturgeon live in different parts of the world, and in many of those places people still trade gold for food.
Among the most expensive caviars are Russian and Iranian caviars. The Almas brand of Iranian caviar is extremely difficult to find and buy, and to make. The finest Almas caviar is collected from albino sturgeons, which are much rarer than the farm raised sturgeon pictured above. This rare caviar is packaged in a round that is made from 24 karat gold. How appropriate. At $25,000 a kilo, these fish eggs are a very expensive delicacy.
Trade Gold For Food? Trade Gold For Truffles….
There are foods even more pricey than sturgeon eggs, so pricey that in this case to trade gold for food you may need a briefcase to carry the gold in. Perhaps the most expensive food, or ingredient, in this case, are truffles of certain varieties. Truffles are a fungus that grow underground. And they can be extremely difficult to find and harvest.
Couple this with the rarity of certain types of truffles, and you have a trade gold for food situation that gets interesting quickly. The Associated Press has reported that investors paid more than $160,000 for a 3.3 pound Italian White Alba Truffle, which is said to be the most expensive truffle ever. Imagine forgetting that investment in the veggie drawer and letting it go bad.
So if you have to trade pounds of gold for truffles, then perhaps you will only need few ounces of gold to trade for a cup of mushroom soup, if it is made with Matsutake mushrooms. These are a rare Japanese mushroom that has been highly prized for its flavor and texture, and is called for in the finest of traditional Japanese recipes.
Trade Gold For Food? $1000 A Pound, Matsutake Mushrooms.
Unfortunately for the Matsutake mushroom, and the only tree under which it grows, an insect that kills this tree has been introduced into Japan. As the insects spread, the trees die, and the Matsutake mushroom fades into history. Right now you can trade gold for food in the form of Matsutake mushrooms, but perhaps someday in the near future this will no longer be the case.
Japan Can Trade Gold For Food. Japan Trades In Expensive Tuna.
The Japanese have also treasured the mild but rich tastes of Bluefin tuna for centuries. The prized meat is eaten raw in sushi and sashimi preparations. The rawness off the meat means every nuance of flavor is available to be tasted, unlike cooked tuna meat. Due to a variety of factors, Bluefin tuna can fetch prices of $3500 a pound and up.
Sure, gold is much more expensive at about $1100 an ounce compared to roughly $200 an ounce for top grade Bluefin tuna, but the you should factor into your trade gold for food equation that a Bluefin Tuna can commonly weigh four hundred pounds or more. There is a lot of yummy gold swimming around out there.
If you are constantly dining in the fanciest hotels on the finest caviar, truffles, mushrooms, and Bluefin tuna, then you probably already have a rare American gold coin dealer and gold bullion specialist. If not, but you do appreciate the finer things in life and would like to discuss owning gold, please speak with an ITM Trading professional.