Now that’s a Gold Card
In fact, you can’t even get it unless you actually have some gold, or are willing to buy some:
The Gold Bullion Card™ is a credit card that operates based on the value of gold. It looks the same and can be used the same as a traditional credit card. The underlying value is gold rather than cash.
It is for people who own gold bullion coins and wish to build a credit line without relinquishing ownership.
The Gold Bullion Card™ is also great for people who want to start buying gold coin without losing the ability to use the value of the gold coins on a day-to-day basis.
Getting started apparently is simplicity itself: you stuff your precious metal into an envelope, ship it up to their storage facility, and they determine its value, which in turn determines your credit line (per their quick-and-dirty calculator, 75 cents for each $1 worth).
Apparently there are multiple banks handling this card; the online application is forwarded to the one closest by. If you’re closest to the Ferengi Alliance, you’ll presumably be expected to provide gold-pressed latinum as collateral.
(Via CardTrak.)
Jeffro »
27 December 2009 · 5:47 pm
If you’re closest to the Ferengi Alliance, you’ll presumably be expected to provide gold-pressed latinum as collateral.
Or you could be like Morn and drink your latinum, despite the side effects.
CGHill »
27 December 2009 · 6:41 pm
I am so not going there.
Baggio78 »
7 January 2010 · 12:54 pm
I think this is a briliant idea and is gonna be a big hit in the States Europe and further a field once this card is launched.The likes of Bank of America and Citibank would not be interested in this card if they thought it was gonna be a flop.The website http://www.thegoldbullioncard.com explains exactly how it works