Mene, A New Twist On Gold Investing
View this post on Hive: Mene, A New Twist On Gold Investing
5 years ago in #gold by joshman (70)
$0.76
- Past Payouts $0.76, 0.00 TRX
- - Author $0.57, 0.00 TRX
- - Curators $0.19, 0.00 TRX
Seems like it could be a good idea for the specific purpose that you article outlines but curious to know how much over the gold spot price are you paying for the necklace? Unless you are traveling to a place that is remote with no access to credit cards and banks wouldn't this be an inconvenient way to carry emergency money? Even in a remote area would you really have easy access to a gold dealer? I do agree this would be a better option than buying a traditional gold chain as an investment/store of value as it would be pure gold.
I prefer more options over less. This is especially true in a 3rd world country like where I live.
When they quote you the price, they include the spot price of the gold plus a separate 'Mene' fee to cover their costs. In my particular case it was about $100 or 30%.
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