A cool story and a very expensive coin! https://www.greatcollections.com/kb...n-Gold-1000-Bitcoin-Physical-Coin-t433-4.html Note: as mentioned in a comment in the thread below, it does not appear to be the most valuable numismatic item as the 1,000 kilo Gold coin from the Perth Mint has a higher value (based on today's spot price). This does seem to be the most valuable item slabbed in a third party grading holder. https://forums.collectors.com/discu...48-million-value-10-years-ago-was-4905#latest
I prefer to buy gold as a investment, not speculation. I'm not in to Bit Coin, good luck to those who are. My opinion.
How about the new trillion dollar platinum coin that will offset the potential federal debt default? It would be minted at West Point and transported to the Federal Reserve Bank in NYC. Strange days More details in this article: xios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html
I agree China just banned them all and other countries are soon to follow. Gold is the safest as its still in your pocket if a solar flair knocks out the electrical grid that would take years to get back online. https://www.history.com/news/a-perfect-solar-superstorm-the-1859-carrington-event
Sorry about the bum link - here's a paste/copy of the info: A trillion-dollar platinum coin could be minted "within hours of the Treasury Secretary's decision to do so," Philip Diehl, former director of the United States Mint, tells Axios. Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised. How it works: The U.S. Mint, which Diehl ran from 1994 to 2000, already produces a one-ounce Platinum Eagle and has no shortage of platinum blanks already in stock. Producing a trillion-dollar Eagle would require only the denomination to be changed. "This could be quickly executed on the existing plaster mold of the Platinum Eagle," says Diehl. Then an automated process would transfer the new design to a plastic resin mold. Even if Janet Yellen, the Treasury secretary, has no intention of minting such a coin, there is no reason for her not to quietly instruct the Mint director to take those steps a day or two in advance. At that point, a coin could be struck in minutes at the West Point mint. Even if it then needed to be physically deposited at the New York Fed, that's only a short helicopter ride away. "Voila, we'd have bought ourselves the equivalent of a trillion-dollar increase in the debt limit, without any impact on inflation," says Diehl.
LoL - agreed, why not mint a dozen of those 'big boys' & be good to go for the next decade? Also, Mr. Bezos and Mr. Musk could each buy one and cure the national debt for a while.
How about a bi-metallic one, with a palladium centre disc and the rim, platinum? Like the QE II bi-metallic pound coins, only for $3.5 trillion!
It won't be long until that is just a bullion coin. Once the US proclaims all private digital currencies illegal, followed by (or perhaps led by) the EU and other countries, all these currencies will become as worthless as they have always been, and another Tulip bubble will have bit the dust. Even tulips will be worth more than BitCoin. China was simply the first shoe to drop.
What isn't true? I suppose there may still be some collector value in the coin, so sure, it will be worth more than its bullion value. But so are the US Bullion coins. So, maybe a 40% premium?
I see. Well, you may be correct. Counterfeit coins have value, even though they are technically illegal. But keep in mind that cryptos rely on vast computer networks to operate. China had a two-stage plan to get rid of cryptos...first, they made mining illegal, then they made the crypto transactions themselves illegal. How much value does a bitcoin or whatever have in China right now? Likely there are some holdouts, especially since cryptos are still legal in other countries, and some Chinese who had a big stake still "own" them and do transactions clandestinely/illegally. After all, those transactions would be handled by a blockchain server "somewhere", though not in China presumably. But as other countries crack down and make cryptos illegal, eventually those transactions will become like drug deals. I can see the headlines now..."The War on Cryptos is almost over" and "Just Say NO to Cryptos". There will be some stalwart holdouts, those true believers who invested their life savings in cryptos and suddenly find that the only place they are still legally traded are in a few Crypto Colonies in Sub-Saharan Africa or perhaps a couple countries in South America.
It's only illegal for the have nots as communist China didn't want the lower classes to gain wealth. It's still done by the ruling class so it's value is its value there if you are in charge. A country that is running literal concentration camps and literally using slave labor isn't really a good example Theyre not going anywhere and they will never actually get banned banned. They're incredibly popular with the under 30 generation and politicans want to get reelected. The reporting will likely tighten up and maybe even the tax rate increased but they will not get outright banned.
