When you can’t unload a Canadian Maple Leaf for $50 – or even give it away – because the sheep are too gun shy and addicted to paper, then I think it’s safe to say that gold has a LOOOOONG way to run.
NOTE: I think the real thing is that people are brain dead is the real reason. Quotable from the video… “I don’t even have $5 on me..”.
The other problem is being to ID if it is a real coin or not.. I wonder how many people have actually seen a Maple Leaf gold coin and know what its purity is.
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You’ve made some good points, Ucodegen, especially about the issue of authenticity (which I raised myself in the post). However, if someone is filming you on camera and is making a pitch, chances are it isn’t a scam but rather an experiment.
Look, I’m sure Dice knew that no one would actually hand over $50 without verfiying the content of the coin. But I don’t think that was the point of the video. What I found humorous (as did Dice) was people’s reactions. And you’re right, most people have never even seen a real gold coin, so they would have no way of determining whether he was offering something real or something fake. And I think that was the point he was trying to make: we are so removed from *real* money – having only seen paper all of our lives – that we wouldn’t recognize it if it were staring us in the face. He just chose a humorous method to make his point. If I were one of the targets I would have asked to see the coin and said, “Sounds like a good deal. Walk with me to a coin shop and let’s check it out?” But these people – a good number of whom were probably unemployed or underemployed with plenty time on their hands as they strolled the beach – didn’t even want to be bothered because they can’t even relate to real money anymore. Now, if Dice had offered them a bootleg copy of “This is it” or “Paranormal Activity”, I’m sure he would have gotten much more interest!
