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World's biggest gold coin fetches over 3 million euros
YahooNews ^
| Jun 25, 2010
| Alexandra Zawadil
Posted on 06/26/2010 6:06:11 AM PDT by One_Upmanship
click here to read article
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To: ikka
That’s only about 4 gold bars from Ft Knox.
21
posted on
06/26/2010 6:44:15 AM PDT
by
Sender
(It's never too late to be who you could have been.)
To: killjoy
To: One_Upmanship
That’s just the first step to OG. The first taste is free. After awhile we will all wonder how he goes to the bathroom in that. LOL
To: One_Upmanship
Poor design. Poor execution.
24
posted on
06/26/2010 6:57:03 AM PDT
by
Kirkwood
To: Kirkwood
Kinda goes along with the poor job numbers, the poor economy, the poor housing market, etc.
Wonder if gold is in a bubble of its own?
To: Dutch Boy
First we'll need to be driven to distraction.
To: chuck_the_tv_out
No collectors dumb enough to pay a premium.The market is far more limited than it would be for a 1 ounce coin, especially a rare one in high mint state, so there is very little premium over intrinsic value.
27
posted on
06/26/2010 7:52:45 AM PDT
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: Dutch Boy
He couldn’t accept the award of the OG anyway without Congressional exception. Well, not if he was an American Citizen, anyway...
28
posted on
06/26/2010 7:54:56 AM PDT
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
To: All; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; OneLoyalAmerican; ...
Goldbug ping
Mail me to get on or off the Free Republic Goldbug Ping List.
29
posted on
06/27/2010 6:56:34 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: Beelzebubba
Using the numbers from the article, it looks to me like they actually got a heck of a discount from spot. $4,020,000 / (220.5 x 16) = $1140 per ounce vs let’s say $1250.
30
posted on
06/27/2010 6:59:55 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: One_Upmanship
31
posted on
06/27/2010 7:02:25 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: jiggyboy
oops, duh troy ounces, never mind
32
posted on
06/27/2010 7:06:55 AM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
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