Really!! A fool and his money....

[silversurf]

Anyone fancy one of the these at nearly 19k. On the plus side no charges, downside 15 oz of pure gold not going in your collection. I know what I would rather have....

https://mol.im/a/7560155

[SILVERFINGER]

12 minutes ago, silversurf said:

Anyone fancy one of the these at nearly 19k. On the plus side no charges, downside 15 oz of pure gold not going in your collection. I know what I would rather have....

https://mol.im/a/7560155

Yup the words More, Sense, Money, And, come to mind but not in that order .

[firestacker]

No idea why this thing costs £18k. That card is probably an ounce of gold max.

Pretty bad idea to buy something that's going to have your name on it anyway.

[MickB]

Easy way to lose £18k when you lose your wallet and I bet even if the wallet was handed in, this card wouldn't be there.

[Draconicus]

IMHO this is a fancy item just for the rich. Other that that, and due to the "Now charges" it may be useful for some one who buy a lot of precious metals in several different countries.

I bet it will be famous by some clients in Dubai...lol

[firestacker]

39 minutes ago, MickB said:

Easy way to lose £18k when you lose your wallet and I bet even if the wallet was handed in, this card wouldn't be there.

To be fair the moment you lose £17k will be at the point of purchase. Try reselling it for £18k, it's practically guaranteed not to happen considering the name on the card and the associated account will be in your name plus the gold contents will be nowhere near that price.

[westminstrel]

Unfortunately for those who can afford this, the idiom that “a fool and his money are easily parted” does not apply.

I imagine for people like Arab sheikhs and Chinese billionaires, £18k is pennies.

Also, these people don’t move in our circles, so they don’t risk losing these cards in public spaces like we might.

This card is no different than any other high society luxury article - catered for the likes of those for whom money breeds money 😀

[SILVERFINGER]

Just now, westminstrel said:

Unfortunately for those who can afford this, the idiom that “a fool and his money are easily parted” does not apply.

I imagine for people like Arab sheikhs and Chinese billionaires, £18k is pennies.

Also, these people don’t move in our circles, so they don’t risk losing these cards in public spaces like we might.

This card is no different than any other high society luxury article - catered for the likes of those for whom money breeds money 😀

I know, and my mate calls me a snob for using one of these.

[SILVERFINGER]

Some stonking stuff on here I might get a marmite jar lid, but the swines would probably change the design of the jars after 50 odd years as soon as I did 

 

https://antique-silver.co.uk/stock/jb-silverware/fun-games?p=1

[Stu66]

4 minutes ago, SILVERFINGER said:

I know, and my mate calls me a snob for using one of these.

There's nothing wrong with having a posh fork to eat your chips with... 😂🤣😂🤣

[Abyss]

For very minority people that have more money than sense and more pride than worthwhile relationships.

[RoughDog]

3 hours ago, SILVERFINGER said:

I know, and my mate calls me a snob for using one of these.

Is this for eating fish n' chips?

[SILVERFINGER]

6 minutes ago, RoughDog said:

Is this for eating fish n' chips?

Yup 

[TonyS]

My AmAx gold card was cheaper!

[Tickety]

This made it onto radio Scotland news tonight, the expert who was interviewed was very scathing. Royal Mint need their heads looking at. 

[mr1030]

Nothing wrong with making a ridiculously expensive item if there is a market for it and someone is willing to pay.  Can't fairly place a value on it based on the gold content.  Since someone who would theoretically purchase this item is gonna be a whale that spends a lot of money, the justification for the high price is the "no fees", and the access to the concierge services that holding the card entitles you to.  If it provides a source of revenue for The Royal Mint, more power to them.

[SILVERFINGER]

One thing that gets me also, cards always have an expiry date on them don't they ? does that mean this thing is going to go 'off' in two years time.

[mr1030]

2 minutes ago, SILVERFINGER said:

One thing that gets me also, cards always have an expiry date on them don't they ? does that mean this thing is going to go 'off' in two years time.

Yes.  I've seen similar products from goldmoney iirmc.  There is an expiration date.  I think on the one I saw before, once the card expired, the card issuer would offer to buy the card back at some % of gold value or offer a credit value towards a replacement card.  I can't remember exactly.  But it makes sense from a business perspective to have it expire at some point.  The issuer can't offer no fees and other services indefinitely and make a profit in the long run.