Sarasota condo purchased with 440 South African Krugerrands!

Tampawolverine

According to the Tampa Bay Online website TBO.com on Monday May 19th somebody bought a Sarasota home valued around $1M with downpayment which included a briefcase filled with $400,000 worth of South African Krugerrands to the closing -- that is about 444 of the gold coins.

Here is the link....
http://www2.tbo.com/content/2008/may/21/realtors-some-contracts-are-good-gold/

This got me to wondering....would anybody here dare take a portion (or all) of you coin collecton to a closing?

Bailathacl

Bad Bad Bad Bad Bad Idea....

MacCrimmon

<< <i>Bad Bad Bad Bad Bad Idea.... >>




Can you say, "RICO"? In any event, somebody gots some 'spainin' to do to the FEDS.

JoesMaName

<< <i>Bad Bad Bad Bad Bad Idea.... >>



I second that motion...

savoyspecial

bumping this post from a year and a half ago, this now seems bad for different reasons (gold up 12%+ over same period)

gecko109

<< <i>bumping this post from a year and a half ago, this now seems bad for different reasons (gold up 12%+ over same period) >>





And $100 says that condo is down AT LEAST 12% in same time period.

Daltonista

...both phenomena making it still seem bad for the same reasons!

WillieBoyd2

Remember the Arizona rancher who paid $40,000 in cash for a house in the 1960 movie "Psycho"?

Same story.