You know that boat is more than 2-3 billion.. It states 100 Tons of Gold 100 Tons = 3,200,000 Ounces (I think) 3,200,000 X $1500 (Price per Ounce of Gold) = $4,800,000,000 in Gold alone :grin: Factor in the actual Boat + Platinum (Who knows how much was used) + Workmanship + Commission + blah blah blah = Stupid Money for a BOAT! At least 6 billion dollars...
At the end of the day as some of you have mentioned it isn't' a bad investment at this time since the price of gold, silver and other commodities are on the rise. Plus factor in the diamonds and if anything the value of this item is going to be worth more and he can just sell it back to a jeweler that will give him good value depending on the weight of it etc. When you get something appraised for insurance like jewelry you would want to do it every couple years cause the value of the precious metal goes up. So I am very sure this thing will be worth a lot more than what he bought it for in the coming years. There is a reason that some jewelers tell you that you can bring back the item you bought from them and they will give you credit for how much you spent towards another item later on. It's because that item is most likely worth more than what you bought it for. So that credit they give you will get you less gold/diamonds in the most recent market. It's a win win for them. They get back a piece at a couple years ago price, they can sell it or melt it down at today's prices. And the credit they give you doesn't go as far in their store cause prices have gone up. It could be worse and he would be buying 10 cars that depreciate and don't give any return back.
Wealth and vulgarity seem to go hand in hand, but what turns vulgarity into stupidity is spending lavishly when you know your paychecks are going to eventually dry up.
That thing is hideous hopefully he is not wasting all his money but its his money he can do whatever he wants........
