Apple recently announced its new iPhone 10 to much hoopla. It will feature a retina display, increased storage and RAM, and enhanced facial recognition (which is either real cool or incredibly creepy, depending on your point of view.)
Of course, this will all come with a pretty hefty price tag of around $1,000. A lot of people were taken aback by the cost of the new Apple gadget. On the other hand, there are apparently at least a few people out there who think that isn’t nearly enough. I mean, who wants a plain old, boring $1,000 iPhone 10 when, for a mere $69,995, you can walk around with the solid gold Lux iPhone X Ingot pressed against your ear?
There’s nothing like a natural disaster to bring out the ignorance in people – especially economic ignorance. Hurricanes Irma and Harvey were no exception to this rule. They brought out some pretty amusing economic punditry. Of course, it would be a lot funnier if so much of it didn’t come from so-called experts who have the power to dictate policy.
People eat gold.
Yes. I know I’ve touched on this before. But I still don’t get it.
I came across a story this week about a caterer in India who was asked to come up with something that would stun guests at a wedding. So, V Sai Radha Krishna decided he would serve rice covered in 24-karat gold leaf.
Almost every morning as I scour the interwebs for gold news, I run across a story about gold smuggling. It’s big business, you know. Particularly in countries like India that have high import tariffs on the yellow metal. Just yesterday, customs authorities arrested a father-son duo at the international airport in Delhi.
In fact, according to an article I read about smuggling, gold is the fifth-most smuggled item in the world. It ranks higher than food, cigarettes, and cash.
It’s a lucrative business, as you can imagine. People want gold, and they’ll go to great lengths to have it. But smuggling isn’t as easy as you might think. You have to be clever.
In the world of social media, it’s easy to step in it without really realizing it. For example, the Federal Reserve found itself viciously trolled after its social media person put up a Facebook post warning about scammers.
Well, this week, the US Treasury secretary and the Senate majority leader stepped in it, but I don’t think they realize it yet.
Bear with me a minute and you’ll see what I mean.
As we’ve reported before, panning for gold is a fast-growing hobby. I get it. I can see the fun in getting out into nature with family and friends. You get to experience the beauty of the great outdoors, enjoy some physical activity, and of course, there’s always the possibility of striking it rich – however unlikely that might be.
But in my opinion, some people have taken this gold panning craze a little too far. They’ve turned it into a competitive sport. No kidding. This year marks 40th anniversary of the World Gold Panning Championships.
Today we’re going to have fun at the expense of some poor man in Germany.
On the one hand, you’ll probably feel a little sorry for the guy. But — come on man!
Chalk this up as a lesson in how not to take care of your gold.
How would you like to wrap yourself in gold?
I mean literally wrap yourself in gold.
You can do it if you check into the Seven Stars Ottagono Presidential Suite at the TownHouse Galleria, a 5-star luxury hotel in Milan. The room features specially crafted 24-carat gold sheets.