Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Reply
 
LinkBack Thread Tools
Old 10-27-2011, 07:24 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
Looks like I'm going to need a bigger wallet



Quote :
The Perth Mint has unveiled the world's largest and most valuable gold coin.

Weighing in at just over one tonne, the 99.99 per cent pure gold coin has been valued at more than $50 million.
...
http://www.abc.net.au/news/2011-10-2...e-coin/3604466
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 10-27-2011, 09:49 AM   #2
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
Our fund bought a 10 kilo coin back in 2006 and I thought we were being insane..
DSAbug is offline   Reply With Quote
Old 10-27-2011, 08:01 PM   #3
Moderator
 
Join Date: Oct 2011
Posts: 494
Liked: 280 times
See, gold coins are just too cumbersome to carry around and use as money, better off sticking with paper.
dontdeBasemebro is offline   Reply With Quote
Old 10-27-2011, 08:22 PM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,027
Liked: 2449 times
^ Yeah, I was thinking that carrying a suitcase full of paper was way better than pushing a structurally reinforced wheelbarrow with my 1 ton gold coin the next time I needed to walk around with $50 million.

__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 01:41 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.