The age old question of “Where do you think Gold is going,” is often heard among the blogosphere, financial media, and others such as Jeff Gundlach of Doubleline who will always make predictions on. Right now, the gold market is up a somewhat impressive 7% YTD when compared with last year – but certainly nothing to obsess over, like the guy we happened to stumble upon in the U.K. who has come into some money, because he discovered Floating Gold, (which it turns out is the nickname for Whale Poop), via The Daily Mirror.
“Ken Wilman said his boxer dog Madge found the 6lb lump in Morecambe, Lancashire.
Ken only realized its potential value [he was paid 100,000 pounds for the find] after an online search revealed the substance was ambergris, an ingredient used in the manufacture of perfume.”
For those who are not aware – ambergris – the fancier name for ‘whale poop’, is extremely rare and is even used in some alcohols (that will definitely make you think twice before taking your next drink). Coming off a year where Gold Futures dropped 28%, should you abandon any investments you have in gold and hit the beaches of England searching for ambergris? Well, let’s see how much that Whale Poop is really worth.
While there is not exchange rate for Whale Poop, the guy was handed 100,000 British Pounds (about $167,000 US Dollars) for 6 pounds of ambergris. That’s $27,833 per pound of the s^&% (literally), or $1,906 per Troy Ounce. Wow!… That’s some expensive s^&%, and actually more expensive that Gold itself, which prices out currently at about $1,300 per Troy ounce.
Forget Bitcoin… the new hot currency might be ‘Floating Gold’! And don’t get us started on the liquid gold known as nailpolish at over $1,000 per gallon.

