Perth Mint made history on Tuesday by bringing the world’s largest gold coin to the NYSE. The coin, weighing in at 1 tonne, holds the Guinness World Record for the world’s largest, is valued close to $45 - $50 million at market prices, with spot gold last trading at $1,411.10 an ounce. The coin’s unveiling at the NYSE marks the Perth Mint’s launching of its gold-backed ETF, the Perth Mint Physical Gold ETF (NYSEArca: AAAU). AAAU is the world’s first government-backed gold ETF, with the majority of the fund’s gold vaulted at the Perth Mint.
that sounds like a great way to utilize $50 million
also funny to see another shot across the bow from the gold guys to bitcoin .. he says 6 people couldn't lift $50 million in gold but $50m in bitcoin could fit on my phone ... he makes a case for bitcoin while trying to tout gold!
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