I like to buy seeds.
Some times, I don’t have enough dirt to plant all the things I would like to plant in any one season. For years, I’d just let some odd seed go by, then never find it again when I had room. Later I found I could save seeds in a jar in the freezer for years to decades. So now when I find an interesting seed, I go ahead and buy it, dirt or no dirt.
So I was at the hardware store and saw a couple of interesting seed packets. They seemed awful light, but I bought them anyway. Reading the label, they were VERY light. Those must be some tiny seeds!
On the way home I got to wondering: How do those prices per weight stand up to precious metals?
So I looked at this site to pick up some rough metals prices:
and using 31.1034768 gm / Troy Ounce converted my Grams (or in this case mg) of seeds into $/Troy Ounce.
Here are the front and back of the two seed packets, so you can see the price and weight documented.
Ok, cutting to the chase:
A lot of seed packages these days are 1 gm. Some are 3 gm. But these guys are about 1/10 that. (As were many others…) So to some extent there is a ‘cherry pick’ here in that I’m not looking at corn or beans. Also, this is retail, not bought in bulk. But retail is what I pay so it is what matters to me.
What are these puppies worth?
I looked up some metals prices this month. These are rough “eyeball averages” and not any particular day. Prices are US $ per Troy Ounce.
Platinum 1800 Gold 1500 Palladium 750 Silver 47
The 250 mg Lavender seeds costs $1.89. That works out to $235.14 per Troy Ounce. Roughly a little under 1/3 the value of Palladium and about 5 times the price of silver.
How about those eggplant seeds? Well, at only 100 mg in the package, and with a higher price of $2.79 you can guess which way they are headed… $867.78 per Troy Ounce. About 1/2 the price of gold or platinum. Higher than Palladium and over 18 times the price of silver!
Even those seeds that have 10 x as much in the package will be at $23 to $86 / Troy Ounce. Right up there with silver.
Somehow that seed freezer of mine just moved up a notch or two on the “preservation of value” scale… Maybe I’ll move it off the porch and into the office ;-)
It would seem that my low interest in silver and my very high interest in preservation and expansion of my seed supply has a more direct tie to “tangible value” than I’d expected.
It would also seem that if you learn to produce and save your own seeds, it can be worth as much as sliver and gold… in more ways than one…