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Wednesday, June 18, 2014

If gold is a barbarous relic, what about this?


BI - Rare postage stamp sells at auction for $9.5 million dollars. Get this:
Made in 1856 in Guyana and measuring just one by 1.25 inches (2.54 by 3.18 centimeters), the one-cent magenta is octagonal, printed in black ink and bears the initials of the postmaster.
So for a 150-year-old piece of single-use toilet paper, the buyer paid the equivalent of twice his own weight in gold.

And yet they say gold is a barbarous relic with no real-world value.


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