£3 Billion Super Yacht Made of Gold and Platinum

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An interesting news, read the words in bold:

Whatever coats your boat: The History Supreme and its gold hull, commissioned by an anonymous Malaysian businessman, for a reported £3billion (Pic:Newsteam)

According to the World Gold Council, some 165,600 tonnes had been mined at their last estimate in 2009, meaning that the craft has nearly one per cent of the world’s gold.

2 things may worth noting from this story:

1. This must be a very clever businessman.

While designer Stuart Hughes said it took him three years to complete and "I believe it will be mostly in dry dock, it won’t be used, it is just for show," , I would say "what could be better than to store your precious metals with this presentable yacht?"

As at 27th July, 2011:

"Gold currently trades for about £980 (RM4,802) an ounce, while platinum runs close to £1,100 (RM5,390). If it is indeed true that 100 metric tons of gold was used, the precious metals themselves are worth between £3.4 billion (RM16.7 billion) and £3.8 billion (RM18.6 billion), much less than the businessman paid for the entire yacht – at current prices. Three years ago when construction started, gold was trading at below £600 (RM2,940) an ounce. So if the precious metals are removed, melted down and replaced with steel or other cheaper metals, the businessman makes a tidy profit and still gets to keep the yacht."

2. There are a hidden group of truly wealthy and super rich than those on Forbes List

They were asked to refer to the Forbes Billionaires List which lists only three Malaysians having wealth of US$5 billion (RM24.5 billion) or more.

The same case with how they play up Bill Gates and Warren Buffet while it enables them to have more freedom to do things "behind the scene".

If this is not the case, then Forbes may had left out someone in the list. :)

3. RM14.5bn golden yacht story ‘fake’: Motorboat website

The yacht story had initially looked genuine as the golden yacht was featured on the website of UK designer Stuart Hughes. The yacht ‘History Supreme’ is apparently a gold-plated Baia 100, a model introduced by Baia Yachts of Italy in 2008.

But basic journalistic tenets were apparently ignored. The golden yacht story was picked up by half the UK press (and elsewhere) and “reported faithfully, without a call to Baia to check the story’s authenticity”, claims Motorboat & Yachting deputy editor Stewart Campell...

http://anilnetto.com/society/media/rm14-5bn-golden-yacht-story-fake-motorboat-website/

Related Source:
http://www.metro.co.uk/news/869927-introducing-the-3billion-super-yacht-made-of-gold-and-platinum

http://www.thesundaily.my/news/91113

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