Tuesday, January 23, 2007

The news: Yesterday, at a border crossing in Texas, agents found 500 bricks (1,200 pounds) of cocaine under the floorboards of a broccoli truck. The drugs were worth an estimated $40,000,000. Read the story here.

My commentary: Today's price for gold: $646 an ounce. There are 16 ounces in a pound. By my calculations, 1,200 pounds of gold is worth $12,403,200. In other words, cocaine is worth slightly more than 3 times as much as gold. Interesting.

2 comments:

Anonymous said...

I'll stay with gold. Speaking of which, that's how we'd describe our wives, wouldn't it?

Jabron.

Anonymous said...

Your comments are gold! Jan