Friday, October 2, 2009

Standard Chartered Bank selling banknotes ($150 notes at $280)

The Standard Chartered bank is selling banknotes,

The banknotes will be offered in three different packages. These are single HK$150 notes at HK$280, “four- in-one uncut” notes at HK$1,888 per set, and “35-in-one uncut” notes at HK$18,888 per set. [Kempton: I suggest you do some quick math to see how much money the bank is making on this gimmick. No one is going to spend the $150 notes that they pay a minimum of $280 for (even higher for those "35-in-one uncut" notes.]

Standard Chartered has also selected 100 notes with special lucky serial numbers for public bidding and another 10,000 pieces for which the public can pick a serial number of their choice.

There are three categories of lucky number notes, with minimum bid prices of HK$10,000, HK$6,000 and HK$3,000. The “single self-selected serial number” notes will be offered at HK$888 each by lottery.

This kind of “speculation”/”investment” in money is better than those stupid tulips! Pure craziness and speculations! Fortunately, these are volunteered “donations”!

“Net proceeds will go to the bank’s community foundation in support of local community projects and charities.”

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