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Why Sperm whale poop is worth more than gold

Sperm whale poop is worth more than gold. That’s hard to believe, we know, but it’s true. Don’t even think about what physical qualities make it valuable. Consider its scarcity. Scarcity, as Adam Smith teaches us, is inherently valuable. Imagine how hard it is to find a floating nugget of Sperm whale poop. Very hard, hence its value. But then there’s the quality of the poop, also known as ambergris. It’s got a funky smell that is critical to high quality perfumes. This video tells you how poop becomes gold. Or, if it’s too long, see the one below which is much shorter and much funnier, an dit is from Bob’s Burgers.

 

Full story at YouTube.

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