In our last post we mentioned some interesting facts and ways in which gold is used. One way you might recall is that gold is used in the alcoholic beverage, Goldschläger. Goldschläger is a Swiss cinnamon schnapps that contains actual gold flakes. The urban legend is that the gold flakes contained actually cut the throat and stomach, delivering the alcohol directly to the blood stream for quicker intoxication. Whether that is true or not is still up for debate. The fact remains that the gold found in it is real, so it must be worth something. With gold prices continuing to climb, is it better to buy a bottle and harvest the gold to sell? Or, is it just a novelty and should just be enjoyed and talked about among friends?
During the search to find information about this very subject, we were unable to locate an official website for Goldschläger, but many websites popped up that had people trying to figure out this very same thing. When the drinking, filtering and collecting was done, the consensus is that there is approximately 0.1 grams of gold contained in the beverage. That’s not a whole lot of gold.
Now you are probably wondering if that is enough gold to make you rich. Gold prices are climbing, so that should be enough to retire on right? Wrong. Using the tools provided on the www.mgsrefining.com homepage, we calculated that by today’s price of gold, the amount of gold in Goldschläger is approximately $4.31. Not exactly stunning. Here is the calculation.
Gold Contained in Grams = .01
Converted to Troy Ounces (Gold is priced by Troy Ounce) = .0032
PM Price of Gold on October 29, 2010 = $1,346.75 per Troy Ounce.
.0032 X 1346.75 =
4.3096
Approximately $4.31
Goldschläger is about $25 per bottle so is it worth it to buy it just for the gold? You will also need to find a gold refiner that will process the gold. This is not a free service, so your $4.31 of gold is probably not worth very much at the end of the day. This is probably not the most efficient way to invest in gold!
Manhattan Gold and Silver usually doesn’t take gold in such small quantities, but if we were to melt it down, after all the fees, you might be able to buy a cup of coffee.
If you have any larger pieces or lots of gold that you would like to sell, Manhattan Gold and Silver would be happy to test, melt and pay you for it! Manhattan Gold is a B2B company specializing in refining precious metals.
