A Funny Story About $20 Gold Coins

We came back from Vancouver with two $20 gold pieces in our pocket. Actually, the idea came from Jim Rogers, who gave us one. We bought another to give to Henry for his 18th birthday.

“Hey…what’s this?” Henry wanted to know.

“It’s a gold coin… A Canadian maple leaf…”

“Oh…is it worth anything? It says it’s worth $20…kind of a measly birthday present, wouldn’t you say, Dad?”

“Well, it’s worth a lot more than that. It’s gold. An ounce of gold…”

“What’s that worth? Two hundred dollars?”

“A lot more than that…”

“But it says it’s worth $20. I guess at one time it was worth $20…”

“Yep.”

“Can you still use these for money? I mean, can you go into a shop in Canada and pay for things?”

“Well, maybe, but I don’t think it would be a good idea…”

“Or maybe you can say to your boss that you want to be paid in these coins? And then, when the IRS asks you how much you made, you can say $20?”

“I don’t know Henry, but I think that’s the sort of thing that people go to jail for.”

“Well, it’s their fault the coin is worth more than $20, isn’t it? You should be able to use it as $20. I mean, what’s going on, anyway? Something funny about this…”

“Oh Henry…this is a very long story…but you’re right. It’s very funny.”

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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the $20 coin is most probably worth $1000 or more. definately wouldnt want to use this at the local shop

wpDiscuz
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