What costs more than Gold in the local supermarket?
The answer to the title is Saffron, a type of spice derived from a small purple flower, which is considered one of the most expensive spices in the world.
We were out shopping last night at Coles getting the weekly groceries. I managed to snap this picture on my camera phone of some pure saffron in the spices isle. Coles has a handy price comparison table that allows you to compare different brand products to one another. In this case you can see that 10 grams of saffron is equal to $1349.00, absolutely stunned me.
It was only later that I did a quick Google search to see how much Gold is sold for these days to see just how expensive saffron is gram for gram.
See below graph: The movement of gold at the time of writing this is $46 AUD per gram. That is equal to $460 dollars for 10 grams. This saffron is sold for $1349.00 per 10 grams.
Saffron is nearly TRIPLE the amount gram for gram compared to gold. Wow!!!
Starting tomorrow I am upturning my backyard and dumping a bag of saffron seeds. If work calls tell them I am now a saffron farmer.
But seriously reading the Wikipedia article, the plant seems not very demanding. It just doesn’t produce much saffron as this paragraph states:
Roughly 150 flowers together yield but 1 g of dry saffron threads; to produce 12 g of dried saffron (or 72 g moist and freshly harvested), 1 kg of flowers are needed. One freshly picked flower yields an average 30 mg of fresh saffron or 7 mg dried.
Here are some pictures of the saffron flowers: