61 sats \ 5 replies \ @Scoresby 12 Apr \ on: Fun Fact Friday - Best Fun Fact Gets 10,000 Sats meta
the largest gold coin in the world is a 1 tonne Australian kangaroo. It has a face value of $1 million.
Clearly demonstrating the usefulness of gold as money...don't spend it all in one place.
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17 sats \ 0 replies \ @Fabs 13 Apr
"Head or tails?!"...
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17 sats \ 3 replies \ @BenAllenG 12 Apr
apparently 1 tonne of gold is worth ~$100,000,000AUD or ~$68,000,000USD so only 1%-3% its worth, I wonder when it was created?
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0 sats \ 2 replies \ @Scoresby 12 Apr
Made in 2011
On the Perth Mint's website they say (apparently with pride):
The successful casting of the gold bullion coin is considered one of The Perth Mint’s most extraordinary accomplishments since it was established in 1899.
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17 sats \ 1 reply \ @BenAllenG 12 Apr
if you stole it and gave them $1,000,000 would the court be satified with the value for value reparation?
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100 sats \ 0 replies \ @Scoresby 12 Apr
And this is the absurdity of fiat money:
  • a piece of paper is worth $100 (because we say it is)
  • a 1 tonne gold coin is worth more $1 million (even though we say it isn't)
Fiat makes no sense.
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