Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Who Wants To Be A Trillionaire? Presenting The Most Awesome Currency Swap In History

Print comment Post Comments
UP...UP...UP...UP...
DailyFeed
Okay, work with me here.

AntiqueStocks.com is selling collectible Zimbabwean currency on its website:



The pitch really hits its stride when it plays the "generosity card" with this line: "Turn your friends and relatives into trillionaires!"

And now, you can do it for $10 per $100,000,000,000,000 note, as opposed to the "regular price" of $24.95--which is a phenomenal little piece of arbitrage. At the height of inflation in Zimbabwe, when one Zim dollar equaled
0.00276319425256 US dollars, that trillion bucks was worth about 52 cents. Or 33 cents. Or something like that. But, by the time you had finished reading this sentence, it would've been worth a tenth of that, and the government would have issued a higher denomination the next day.



Pure profit for AntiqueStocks.com. And even purer now. Because Zimbabwe finally threw in the towel and started using the South African Rand and the US Dollar. So that $100,000,000,000,000 is now worth $000,000,000,000,000.

Yeah, well...the Mugabe government probably ran out of paper.
POSITION:  No positions in stocks mentioned.

TICKERS