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One-ton gold coin struck

By: Decomposed in ROUND | Recommend this post (0)
Fri, 28 Oct 11 9:37 PM | 49 view(s)
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1-metric-ton gold coin minted in Australia

October 28, 2011, 9:19 AM

Marketwatch.com

A gold coin weighing 1 metric ton (1,000 kilograms, or 35,273.92 ounces) has been minted in Australia.

The coin, created at the Perth Mint, features a jumping kangaroo on one side and a portrait of Queen Elizabeth II on the other.

The coin measures 80 centimeters (31.4 inches) wide and 12 centimeters (4.7 inches ) deep, according to a story on the Australian Broadcasting Corporation web site.

The previous largest coin weighed 100 kilograms, or about 220 pounds.

Gold futures traded at $1,740 an ounce in recent action in New York, putting the value of the gold in the coin at more than $60 million.

http://blogs.marketwatch.com/thetell/2011/10/28/1-metric-ton-gold-coin-minted-in-australia/

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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