3 ms·
Not as an investment vehicle but as a savings vehicle: it did better than the average 800-year old bond or 800-year old company share. Numismatic premium aside;
by unknown_apostle 5y ago
Not as an investment vehicle but as a savings vehicle: it did better than the average 800-year old bond or 800-year old company share. Numismatic premium aside; the gold maintained its value throughout war, tyranny and pestilence. It would presumably also survive a G8 summit ordering major internet providers to block port 8333.
- labrador 5y agoImagining a digital arms race where crypto transactions are hidden in images using steganography
- beefman 5y agoIn England 800 years ago, an ounce of gold was worth about 6 months unskilled labor.[1][2] Today, it's worth about 3.5 weeks. In the past century, gold has underperformed U.S. equities and has not, in any case, held its value very well. It's been quite volatile, e.g. falling 30% in 2013. The article doesn't say how much gold this coin contains, but its value is essentially 100% numismatic. [1] https://www.thebalance.com/gold-price-history-3305646 https://www.thebalance.com/gold-price-history-3305646 [2] https://thehistoryofengland.co.uk/resource/medieval-prices-and-wages/ https://thehistoryofengland.co.uk/resource/medieval-prices-a...