Posted on 07/21/2011 5:58:57 AM PDT by tlb
built for a Malaysian businessman by British designer Stuart Hughes. It is 30.5m (100ft) long and is claimed to feature around 100,000kg of solid gold and platinum – making it worth a reported £3billion.
Its main sleeping quarter is adorned with platinum accents, including a wall feature made of stone from a meteor - and bone from a Tyrannosaurus Rex.
The hull is also wrapped in a thin layer of gold, while precious metals were used to make the deck, dining area, rails and anchor.
‘He wanted a plane doing as well but the thing would never take off if we did.
The yacht, built in Italy, was completed in Malaysia about two weeks ago. ‘I believe it will be mostly in dry dock, it won’t be used, it is just for show,’ Mr Hughes said.
According to the World Gold Council, some 165,600 tonnes had been mined at their last estimate in 2009, meaning that the craft has nearly one per cent of the world’s gold.
(Excerpt) Read more at metro.co.uk ...
sheesh what a loser. Complete idiocy. Icarus who flew too close to the sun with his wax wings.
Stupid, probably ... but it's his money.
How do you feel about $350 bottles of wine?
Wait until the Somali pirates hear about this!
Sounds extravagant, but this is probably one of the safer ways of storing one percent of the world’s gold. As in ‘safe from Government’.
Moor it in high-security marinas in tax havens: that way far-reaching kleptocrats like Obama can’t steal it.
(love that Ruby Yacht line, LOL)
I was thinking that he’s just created his own Baal.
Are we supposed to worship him or his golden calf?
It’s the guy’s money, but what a waste of money.
I can think a lot better things to do with my temporal existence then spend 3 bill on a yacht.
$350 bottles of wine are worth nothing to alcoholic, or if you are trying address the needs of children. Besides, I assume the wine price is based on age and rarity, not the price of the grape that went into it.
Yeah, I was thinking that too, that he is going to have to hire an Army and a Navy to keep thieves off it. What a loon.
Deep and painful ,,, GROOOAANNNNN
I’ll trade him for our pontoon...
If it don't go, chrome it.
I feel better once I've helped consume one.
Wow, the insurance must be huge. I hope he had installed the latest and greatest in theft deterrent, so he gets the 10% anti-theft discount.
Oh Metro, check your figures. 100 tonnes of gold is not “1% of the World’s Gold”. More like 1/1656.
It cost 3 billion dollars.
In four years time it will be worth maybe 24 billion dollars, simply because of the appreciation in Gold’s buying power. That’s in today’s dollars.
In the meantime this guy gets to live in it, and motor about at 70 mph AND rent the thing out to the Bond franchise.
I am in awe.
I think this is just a scheme to lure our copper gutter thieves away.
“Hey, man! Sup? I doan got no copper fo you today, but I gots this here 300 foot long solid gold boat fo you. Gimme fie hunna dollah fo it an it yoze! Where I should put it?”
I hope some terrorist doesn’t fly a gold-plated plane into it. /s
70mph with 100 tons of gold?
Not likely.
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