SOME BANKS ACCEPT PARMESAN CHEESE AS COLLATERAL FOR A LOAN
I mean, a proper wheel is worth around a thousand bucks and stores very well, in fact, it might increase in value due to further aging.
Not only that, the Parmigiano Reggiano consortium has been exploring using financial instruments to valorize their wheels
Isn’t Parmesan cheese a more stable store of value than gold?
I really had no idea about this when I started writing noir cheese fiction.
Similarly when I picked this name I was totally unaware that there was a mysterious fire in Johnny Carson’s office on 9-11-1969 lol. I found out when afterward I did an image search for “Johnny Carson fire”.
Collateral for a loan???
High quality parmesan (and cheese in general) is worth a lot, google AI says high quality wheels aged for 2 years can cost $2500+, and some very well aged varieties can auction for tens of thousands of dollars
A wheel is a lot of cheese though, like 80Ib of cheese
Large cheese makers have endless warehouses full of the stuff, and it sells really easy and for very high prices.
Not different than saying “hey I have this bunch of gold, if I default on my loan you can have it”
this is a plot point for the latest on cinema oscar special
Reminder that money is a commodity, and cheese is also a commodity… :^^^)
Jojo’s bizarre adventure: Golden wind lore
Proper cheese is expensive.
They aren’t securing loans with a sack of babybels or stealing pallets of kraft singles
You cannot convince me that Italy is a real place.
