Any Buyers for a 1/1000th of an Oz Gold! FOMO has gotten Insane! ツ

Buyers must be crazy, everyone wants a piece of gold, no matter the size! insane, this one just sold for $26.50! Fear of missing out is getting ridiculous! Any thoughts?

https://www.ebay.com/itm/1470634400...GbtvssEM8+D95WfA0sHl+SYA==|tkp:Bk9SR8LCvO3yZg

 

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Nice piece for the price. I guess.

 

That’s a nice looking piece. Isn’t that price, $26.50, under spot? I can’t think clearly at this hour.

 

Um, I don't think so. 1000 X 26.50 = 26,500. So 1000th of 4,470 (aprox spot price) is 4.47 (.001 X 4,470). Paid a bit too much, I think. I was a philosophy major, so any math majors like to chime in?​

 

just wait a couple more months spot might catch up .... LOL

 

Thanks, last night at the time I posted I thought it was 1/100th. Now I can see it was 1/1000.

 

I'd love to see someone submit one of these to a TPG.

If I'm doing my calculations right, a 12mm disc of .999 gold (density 19.32g/cc) weighing 1/1000 ozt (31.1mg) would have a thickness of... 14 microns. About half of a thousandth of an inch. That's still many times thicker than gold leaf, but a bit thinner than standard aluminum foil. Don't try flipping it. Especially not if there's a breeze.

 

Exactly right, hopefully nobody is trying to put together a thousand of these, now that's a funny thought!

 

That's worse than the One Ounce $1324.50 Silver Libertad?

 

Someone Without their glasses made the same mistake but threw some money at it.

They should have bought a Goldback.
I hear California is next up... should be some nice artwork in that series

 

I'm glad you did the math. My first thought was - 12mm diameter and 1/1000th oz? A 1 oz double eagle is 34mm, something's fishy in Denmark. (Does anyone say that anymore?)

When they first broadcast Brazil on TV, they edited it so that it had a happy ending.