Link: [On YouTube]
Is there
something about that offer that you find troubling? There is to me. For selling a $50 coin for less than $10 certainly sounds too good to be true—especially with the price of gold
reaching astronomical heights these days.
Of
course, there is no way to tell for sure without doing the math, which is
usually problematic for me. For I am
always forgetting to carry something, and with the untimely death of my trusty
old solar-powered Casio calculator, I am forced to use either a rusty old
slide-rule or a dusty old abacus.
Anyway, I
endeavored to persevere, and I came up with some amazing figures. For it turns out that there is 74 cents worth
of gold in one of those $50 coins.
Yep, you
read that right.
74 CENTS!!!
Meaning,
that the price of gold will have to reach over $22,000.00 per troy ounce before
you can recoup your investment.
Oh, but
wait—there’s more! For when you add in
the shipping and handling, the price of gold will have to reach over $33,000.00
just to get back what you have spent to purchase one of the coins.
How
so? Well, as disclosed in the
commercial, there are 14 milligrams of gold in those coins, and that equals
.000450 troy ounces. So, with the price
of gold being $1,652.80 per troy ounce at this very moment, you get 74 cents
worth of gold per coin.
Alas, I
wonder how many of those coins [they] have actually sold.
One would think that they would have to be selling quite a few just to
pay for the advertising.
No, I
wouldn’t recommend investing in these coins.
Of course, you could always hope to find another chump needing some
change.
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2 comments:
I was watching that and couldn't believe it but someone will fall for it.
Thanks for stopping by again, my dear Country Mouse!!! I have been seeing ads like this for a while now, and they always left me scratching my head. However, I never imagined that the coins were that much of a rip-off.
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