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.

 

How does one edit a Monty Python skit of a guy exploding to a happy ending ?
Did they guy just burp and continue on eating/barfing in a bucket ????

 

I can’t remember how much of that scene they left alone, maybe most of it without any profanity. What I’m talking about is that they chopped off the last scene so the movie ends with him getting rescued and going off into the country with his love. I remember thinking wait, what? That’s not how it ends!