Fun on Friday: Should I Burn My Gold Nikes?
OK. Here’s a dilemma for you. Should I burn my gold Nikes?
Of course, this is merely a theoretical question. I don’t own gold Nikes. But I could, for a mere $3,500. Yes. Genuine, gold Nike shoes. So, if I did, would I feel any compulsion to burn them?
Well, I can answer this question with an emphatic, “No!”
Heck, the thought of burning my $30 Nikes never even crossed my mind. I’m certainly not burning gold!
In the first place, I don’t care if the washed-up football man who kneeled during the National Anthem got himself a Nike ad. Second, even if I did care, burning shoes I already bought wouldn’t serve any purpose. It would be like me getting mad at my local Kroger store and then burning all of my groceries. I’d still be mad at Kroger, and I’d also be hungry.
So, about these gold Nikes.
Dominic Chambrone, aka the Shoe Surgeon, made a custom pair of Nike LeBron 15 shoes to celebrate James hitting the 30,000-point milestone.
Here’s how the Shoe Surgeon described the sneakers on Instagram.
The Diamond and Gold LeBron 15 handcrafted out of genuine crocodile skin, finished in 24 karat gold and elevated with authentic, solid-gold details – Riri zippers with custom zipper pulls, heel clips, lace loops and diamond-adorned shoelace aglets. As an extra gift, the shoes are accompanied by a specially-made, diamond cut, authentic gold necklace – featuring a custom-made lion head pendant hanging from a Hand made diamond cut link gold chain – a congratulatory gift only fit for the King himself.”
The shoes are valued at over $100,000.
Throw them into the fire, right?
Orrrr…maybe not.
Now, if you’re not wrapped up in the politics, you can get in on this action. The Shoe Surgeon produced a limited number of 24 Karat Gold Toe Air Jordan 1 sneakers — made from the leftover 24-karat electroplated gold crocodile skin from the LeBron shoes. You can pick up a pair for a cool $3,500. If you are wrapped up in the politics, you can still burn them to protest Colin Kaepernick’s Nike ad.
That’ll show ’em!
Just a quick thought on the ad.
It’s kinda dumb.
The black and white poster features a photo of Kaepernick’s face with the slogan, “Believe in Something. Even if it means sacrificing everything.”
First off, who wrote this? It’s a grammatical nightmare. “Even if it means sacrificing everything.” This is not a sentence. It’s a fragment. That sound you heard was Ms. Downy (my 10th grade English teacher) rolling over in her grave – God rest her soul.
Second, the whole ad is utter BS. Kaepernick didn’t sacrifice everything. For heaven’s sake, a guy who is not even playing football anymore just got paid big bucks to put his face on a Nike ad. Poor dude. And believe me, the reason he’s not in the game has as much to do with the fact that he was an average quarterback on the downside of his career as it does with him kneeling during the National Anthem. His QB rating in 2016 was in the bottom half of NFL starters. (Seventeenth, to be exact.) I bet if his last name was Brady or Rodgers, he’d still have an NFL job – kneeling or no kneeling.
Anyway, it’s hard to feel sorry for the guy. The kid who died in the Iraqi desert fighting a foolish war sacrificed everything. Football man…not so much.
And like I said, I don’t really care about football players kneeling during the Anthem. If you don’t like it, don’t watch the NFL. That’s reasonable. But burning shoes you already paid for? That’s just silly.
Honestly, I have bigger things to worry about – like the Federal Reserve devaluing my money and the US government running up a $23 trillion debt.
It’s all a matter of perspective, I guess.
Anyway, if you hate Nike but love gold, or if you love Nike but prefer less ostentatious footwear, you should call one of our SchiffGold precious metals specialists today at 1-888-GOLD-160. They can help you find some good investment options in precious metals that don’t involve sneakers, football or grammatically horrifying ads.
So, have a great weekend. I’m going to go put on my Nikes and grab a Chick-Fil-A sandwich!
Fun on Friday is a weekly SchiffGold feature. We dig up some of the off-the-wall and off-beat stories relating to precious metals and share them with you – with tongue firmly planted in cheek. Click here to read other posts in this series.
Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!