I've never heard so many holes in someone's story - most of what he's saying is pure bull$hit... Hilarious... 'You know a $ today is going to be worth a $ tomorrow'... of course JP Morgan & Goldmans aren't going to put a stranglehold on the place immediately after Mugabe dies... And how many 10oz bars of silver d'you think it takes to buy a dozen blocks each containing 1000x 20 Trillion Zim notes? Not many I'd wager... (Btw what also isn't a good idea is buying 1M notes like this on the basis that they each can sell for up to US$20 on eBay)
I only paid $2 for my $50 trillion note (the $100 trillion seems to be more expensive because of its stupidity) :/ ...but I paid $4 for my 1983 $2 Zimbabwe note (at which time it was worth just over USD$2). They're my pre- and post-hyperinflation example from a previously rapidly growing strong economy (but with various issues) for non-stackers.
I recall seeing this video some time ago. In case it isn't bleedingly obvious, this was produced as a humor article, and is intentionally meant as a joke.
Its hard to believe they actually printed a one cent note when they issued the new notes. It was never used though............
I think I picked up a near complete set of the notes in Uncirculated condition for about $100, about 35-40 notes if memory serves me well. The rest of the set is only about $1 each. I think the album and pages cost more than the contents. Last time I got the 100 trillion they were going for about $4 each (they were $20 each for a while) They look good next to the old silver certificates from the US.
I call it the ultimate in optimism. Imagine the conversation: Mugabe: "Right the million dollar note is now worthless and the 100 billion note with 11 zeroes is going the same way, what can we possibly do to fix this situation? Gideon Gono: "I know, let's go for fourteen zeroes. 100 trillion. That'll set the economy right for sure." Mugabe: "I reckon you've hit the nail on the head. Do it, you genius." (Or maybe it was the other way around.) :lol:
I bought a few 100 trillion dollar notes to give away a couple of Christmases ago. Some people did not show the proper amount of appreciation for such a large amount of money imho.
The whole Zimbabwe fiasco makes me wonder at which point did people lose faith in the Zimbabwean dollar and refuse to accept it? If the Australian government issued a $1000 note, and it became commonly circulated (for groceries ... etc). At that point it would be game-over for the currency for anyone with two brain cells.
