‘This’ Christmas tree is made of 2018 gold coins worth 18 crores

NP NEWS 24 ONLINE- Eve of Christmas is round the corner and various people in country and across the world have started making various arrangements for the festival specially the people practicing Christian religion.

Now, for the coming Christmas, a German gold dealer has made a Christmas tree stand upright which is made up of 2,018 gold coins that is 63 kg gold.

The glittering pyramid, displayed at Pro Aurum’s Munich Goldhaus, is three meters high is almost 10 feet high.

The tree has a height of 3 metres and is made of 63 kgs gold and a total of 2,018 1-ounce-coins of Gold Philharmonic.

“Gold is at any rate an asset class that has experienced a revival in the last few years. We’ve had a crisis of public debt, the financial crisis, we have increasing inflation at the minute and very low interest, and the bottom line is that means a negative real interest, which leads to many people investing part of their line of fixed assets in gold”, Pro Aurum spokesperson Benjamin Summa said.

He added , “The worth of gold is growing – a few months ago it fell significantly, in euro too – but that means that people are taking introductory courses and buying more gold”.

Adding to that he said, “The tree is almost three meters high and is made of 63 kilograms of pure gold. That’s 2,018 1-ounce-coins of Gold Philharmonic. It’s a commercial quality bullion coin – well, 2,018 of them – and the tip of the gold tree is formed with a 20 ounce Vienna Gold Philharmonic coin, which alone is worth €21,000,” the spokesman said.

It’s a commercial quality bullion coin well 2,018 of them an the tip of the gold tree is formed with a 20 ounce Vienna Gold Philharmonic coin, which is worth 21,000 euros.