Looks like I'm going to need a bigger wallet

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Our fund bought a 10 kilo coin back in 2006 and I thought we were being insane..
 
See, gold coins are just too cumbersome to carry around and use as money, better off sticking with paper.
 
^ 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.

 
* bump *




https://www.msn.com/en-us/money/mar...to-sell-for-up-to-152k-at-auction/ar-AA1jRbE5

Apparently I missed the auction on Thursday. Oh well.. I guess I just need to wait for one of the other 14 coins to become available....
 
 
More info about the 1 tonne coin mentioned in the OP:
... the coin has a face value of AU$1 million (US$648,000) making it the world’s largest legal tender coin.

... this 12-centimeter (4.7-inch) thick coin is roughly half a Danny Devito tall – that’s 80 centimeters (31.4 inches) ...
...
Click to expand...

More:

The Largest Gold Coin In The World Is 1 Tonne Of Legal Tender

You’re gonna need a bigger wallet.
www.iflscience.com

I didn't know it was actually (nominally) legal tender. Wild!
 
If our congress got ahold of it, it wouldn't last 12 hours.

Half would go immediately to Ukraine where it would vanish without a trace, thirty percent of it would go to some alphabet cause like Gay and Transgender Underwater Basket Weaving, and the other twenty percent would simply vanish into multiple offshore bank accounts owned by the likes of Schumer and Pelosi.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…