A Gold Plated Yacht? Yup - SPDR Gold Trust (ARCA:GLD), VanEck Junior Gold Miners ETF (ARCA:GDXJ)

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Seriously folks, it really exists.History Supreme is the world's most expensive yacht,

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coming in at $4.8 billion The yacht is made of 100,000 kilograms of solid gold and platinum, and has been in the making for three years. One Malaysian businessman is purchasing the yacht, despite the fact that when the gold hits the seawater, it will not look too pretty.As such, Stuart Hughes is creating the yacht, which will have a deck, dining area, rails, anchor, all crafted from precious metals. The base of the yacht is wrapped in a thin layer of gold, with the main sleeping quarter having platinum accents with walls set in meteoric stone, that has genuine T-Rex bone shavings on it. ACTION ITEMS:

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Bullish:

This is incredibly bullish for precious metals, as someone with enough disposable income has decided to spend nearly $5 billion to build something that is probably going to get destroyed due to the seawater. Buy gold ETFs, such as SPDR GOLd ETF (NYSE: GLD), Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) if you believe that gold is likely to go much higher.

Another way to play it is due to the large amount of platinum in the yacht, platinum prices are sharply higher. Consider buying ETFS Physical Palladium Shares (NYSE: PALL) if you believe that platinum will continue to move higher.

Bearish:
This is an incredibly stupid purchase, and this mysterious Malayasian business man needs to have his head examined. Despite concerns over the debt ceiling, European debt woes and the general health of the global economy, spending $4.8 billion on a gold plated yacht seems pretty dumb. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.