One Saint Patrick's Day Pot of Gold Is Worth $427,000 According to Latest Report by GoBankingRates.com

As people around the world prepare to celebrate Saint Patrick's Day this weekend – a holiday rich with Irish folklore – personal finance site,www.GoBankingRates.com, investigates just how much a leprechaun’s pot of gold at the end of a rainbow would be worth.

Sunday is Saint Patrick's day, an Irish holiday that's celebrated with just as much enthusiasm around the world as it is in Ireland. In fact, the global popularity of Saint Patrick's Day means millions will be celebrating this weekend in green attire, consuming corned beef and cabbage, and for some, Irish beer.

For those familiar with Irish folklore, including the mythical idea that a leprechaun’s pot of gold can be found at the end of a rainbow, GoBankingRates.com has determined just how much that pot of gold would actually be worth if it were found. The answer: $427,000.

"With that, you can buy two or three houses, a new Rolls Royce, or have a great head start on your retirement," states Clay Wyatt, GoBankingRates personal finance contributor, adding, "If only there were real pots of gold at the end of rainbows!"

However, the GoBankingRates report points out that while consumers shouldn't hold out for their own Saint Patrick's Day pot of gold, they can take advantage of the rising value of gold by making gold investments a part of their financial plans.

See the Math Here.

Photo: Richard Dorrell via Wikimedia Commons