Buying one of these

timex · #1 05-04-2007, 03:08 PM

Big Coin

Perhaps I'm just drawn in by the size of this giant coin, but does anyone think this would be a reasonable investment?

I am primarily wondering:
1) How is the gold market currently?
2) Are there long term predictions for it?
3) How long term are those predictions?

Also, if they only make say ~20-50 of these, is there any chance that 20,50, 100 or 500 years from now, they could have much more value than the value of the gold?

ahnuld · #2 05-04-2007, 03:12 PM

im debating locking this thread but ill let it stand, maybe someone will have some good ideas or will make fun of you in an amusing way.

Horrible horrible idea for an investment. Not gold per se, but this coin.

NajdorfDefense · #3 05-04-2007, 04:00 PM

Please compare and contrast the future of this investment with the $1 trillion-bill owned by C. Montgomery Burns.

DcifrThs · #4 05-04-2007, 05:27 PM

1) How is the gold market currently?
2) Are there long term predictions for it?
3) How long term are those predictions?

[/ QUOTE ]

1) the gold market is doing very well, thank you
2) yes, it will move
3) very

Barron

hlacheen · #5 05-04-2007, 10:29 PM

That's a pretty retarded investment.

DcifrThs · #6 05-04-2007, 10:32 PM

[ QUOTE ]
Please compare and contrast the future of this investment with the $1 trillion-bill owned by C. Montgomery Burns.

[/ QUOTE ]

T-bill only worth paper if not honored. gold worth gold.

Barron

gonebroke2 · #7 05-04-2007, 11:01 PM

By the time the gold bull reaches maturity, that coin will be able to fetch $10M+. IMHO.

GoodCallYouWin · #8 05-05-2007, 12:12 AM

gold is at 600 an ounce and u guys think it will go up? It was at like 200 not very long ago... sell short don't buy retarded oversized coins wtf?

kimchi · #9 05-05-2007, 12:43 AM

The gold value in this is about $2.25 million at the moment.

If someone was to buy bullion investment coins - this isn't the way to do it.

Krugerrands can be bought in single ounce coins in quantity for around 3-5% premium over the London fix. They are infinately easier to liquidate than this monstrous carbuncle.

AvivaSimplex · #10 05-05-2007, 02:14 PM

Okay, liquidity problems aside, this coin has one thing going for it: it has a nominal value of CAD 1 million. With gold at $686 today, the coin is worth CAD 2.5 million. Thus it has a built in safety feature. If gold drops below $275, the nominal value would be higher than the gold value. It's like buying both gold and a put at $275.