CANADA UNVEILS $1 MILLION COIN
Published: May 4, 2007
Updated: Aug 15 2011
• References: uk.reuters
About the size of an extra-large pizza, The Royal Canadian Mint has released unveiled a monsterous gold coin worth $1 million. It is said to be "the world's biggest, purest and highest demomination coin." The coin weighs in at 100 kilograms (220. pounds) and will be mass produced at its Ottawa plant. However, if you are interested in one, you better act fast since they will be produced in very limited quantity.
Implications - The recession hit many consumers hard, but that doesn't mean that a luxury class doesn't exit. Some consumers actually profited during the economy collapse and as such, businesses that cater to that niche market will still see a loyal consumer base willing to spend.