The unusual investment was owned by a Calgary businessman
A Canadian cryptocurrency exchange has made an unusual investment in South African gold – four casts of the country’s former president’s hands.
Arbitrade has announced that it will pay U$10 million for the Nelson Mandela Golden Hands Collection, cast by Harmony Gold in 2002 twelve years after Mandela’s release from prison.
The rare collection, made from 20 lbs, 99.999 of pure gold, includes 3 life size impressions of Mandela’s hands and two others of his palm and fist. It’s believed to be the only surviving set, the others having been destroyed on the former president’s orders.
The seller, Malcolm Duncan, a South African businessman now living in Calgary, knew Mandela.
The unconventional investment will be paid for in an unconventional way by Arbitrade; in Bitcoins.
“Arbitrade’s management felt that these extraordinary artefacts served as a great representation for our company and that our announcement of this wonderful purchase will be the first of a series of announcements we shall be making in regard to gold that will back our cryptocurrency, Dignity (DIG) which trades on Livecoin.net,” said the firm’s chairman Len Schutzman.
He said that the collection would be toured around museums globally.
