# The Dorkiest Financial Blog Post Ever Written

I absolutely love this and I don’t even care if that means you don’t wanna be friends with me anymore…

So apparently there’s a Dungeons & Dragons department at Forbes and they have this guy Michael Noer crunching the numbers on Mordor’s credit default swap exposure and annualizing the cost of putting a kid through Hogwarts for a semester.  Whatever, that’s awesome in and of itself, but we’re here to talk about one post in particular – Noer’s valuation of Smaug‘s treasure hoard.

Who’s Smaug?  The dragon at the end of The Hobbit.  Don’t click away, this will be cool, I swear.

So what was Smaug’s pile of gold and silver actually worth?  Let’s calculate!

To keep the math relatively simple and to avoid complications like integrating the partial volume of a sphere, we can approximate Smaug’s bed of gold and silver to be a cone, with a radius of 9.6 feet (1/2 the diameter) and a height of 7 feet (assuming the weight of the dragon will smush down the point of the cone by about a foot).

Now we can calculate the volume of Smaug’s treasure mound:

V= 1/3 π r2 h = 1/3 * π * 9.62 * 7 = 675.6 cubic feet

But, obviously, the mound isn’t solid gold and silver.  We know it has a “great two-handled cups” in it – one of which Bilbo steals – and probably human remains, not to mention the air space between the coins.  Let’s assume that the mound is 30% air and bones.  That makes the volume of the hoard that is pure gold and silver coins 472.9 cubic feet.

We know that Bilbo eventually takes his cut of the treasure in two small-chests, one filled with gold and the other filled with silver, so it seems safe to assume that the hoard is approximately ½ gold and ½ silver, or 236.4 cubic feet of each metal.

God bless Forbes and whatever sick lunatic dreams up post ideas like this.  And as for Michael Noer…well, this is my kind of guy.

By the way, Noer comes up with a net worth of \$8.6 billion for Smaug putting the dragon in 7th place on the Forbes Fictional 15.  Insanity.

Read the rest below, I won’t tell anyone.

Source:

How Much is a Dragon Worth? (Forbes)

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