New gold coin....anyone buying?
cohodk
Posts: 19,187 ✭✭✭✭✭
https://www.usnews.com/news/business/articles/2020-01-23/switzerland-mints-worlds-smallest-gold-coin
Excuses are tools of the ignorant
Knowledge is the enemy of fear
1
Comments
The sticking out of the tongue is appropriate given the questionable purchase of this coin.
They might add a bird for emphasis.
World Mints: "They'll pay over $100 for 1/20 Oz of gold!"
SwissMint: "Hold my beer"
Loves me some shiny!
1/10 is the smallest I’ll go. I have a gold $1 coin but only to complete my type set, otherwise I wouldn’t mess with those either.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
You'd need to be a quantum physicist to appreciate such a con. I mean, coin.
I knew it would happen.
Sold with a magnifying glass lol
Successful Trades: Swampboy,
I do like gold. I do like Einstein.
I do not like in Swissmint’s presentation. Specifically, the amount of gold.
“It weighs 0.063 grams (1/500th of an ounce) and has a nominal value of 1/4 Swiss francs ($0.26).”
What did they use the shavings from bars?
So, the melt value is a little over $3. As they say in Texas, El Paso.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Well, it is one way to make gold worth $100,000 per ounce.
Knowledge is the enemy of fear
Not for me.... I am a gold bug...but I have done a lot of panning, and gold dust, while valuable in quantity...takes a long time to accumulate....I like big gold.... AGE's and nuggets....Cheers, RickO