Hacker Read

lettergram · 2021-06-10 16:10:59

One interesting thing to note..

Historically, 1-1.5lbs of silver bought you a sheep and it’s the same for today (Rome -> 1500 -> Today).

I’d be interested to see what 2021 brings..

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qwytw | karma 1992 | avg karma 1.32 · | 2023-12-05 08:28:08

It's silver though, so only about $26k (of course that's the least accurate way to compare modern and ancient prices).

Gold wasn't that commonly used in the west back then.

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mminer237 | karma 2586 | avg karma 2.74 · | 2023-09-25 13:25:03

The current day value of them as ancient artifacts. It was 7.7 lb of gold and 52.4 lb of silver, which would be worth ~£190,000 for the metal itself.

blacksmith_tb | karma 4448 | avg karma 1.65 · | 2015-05-08 17:30:12+00:00

I agree - and that's a 50 kilogram bar, ~110lbs. of silver, which is even more impressive. If there are many more, the treasure could be worth a tidy sum (though of course silver is not as exciting today as it was when Spain mined South America to support Europe's appetite for Chinese products like porcelain, silk, spice, and tea).

alvar0 | karma 30 | avg karma 1.88 · | 2018-03-19 17:53:16

And currency debasement: https://www.goldbroker.com/media/image/cms/media/images/silv...

Too familiar

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mynameishere | karma 6317 | avg karma 1.61 · | 2009-09-09 03:54:36+00:00

No. One gold coin bought a good suit of men's clothing in 1500 and will buy a good suit of men's clothing today. That's all you can do. Everything else went to seed.

ntr-- | karma 487 | avg karma 6.01 · | 2023-06-20 19:18:49

I'll give you 1kg of wheat for an ounce of gold right now.

paulddraper | karma 16686 | avg karma 1.72 · | 2018-01-23 19:50:05

Okay....livestock bludgeoning explains 0.001% of gold's value.

salamandersauce | karma 1067 | avg karma 1.94 · | 2022-01-24 10:57:23

Don't forget to compare how much gold you could buy with each 1 week ago.

rohan404 | karma 435 | avg karma 4.44 · | 2014-06-08 23:54:34

The wool price was my doing. Bought a few million worth with my infinity gold

mahyarm | karma 5813 | avg karma 1.94 · | 2016-08-10 00:19:39+00:00

For Sale: 10kg of gold. As of today 10kg of gold equals $X (source: google)

For Sale: X gallons of gas. As of today X gallons of gas equals $X (source: my local gas station)

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kylebenzle | karma 594 | avg karma 0.61 · | 2023-09-29 16:21:01

I like yours but, the rule of thumb for gold I've heard is that from Roman time until today, a 1 oz gold coin is enough to buy a suit of clothes and a fancy dinner.

JoeAltmaier | karma 27896 | avg karma 1.44 · | 2015-05-08 14:37:01

What's with the qualified 'treasure'? 50lbs of silver sounds like treasure to me.

i67vw3 | karma 387 | avg karma 1.43 · | 2022-01-22 09:37:03

Extra fiat/cash can be put into gold/silver.

cerberusss | karma 800 | avg karma 1.16 · | 2019-08-18 20:45:07

You could pay with gold or silver.

21 | karma 5153 | avg karma 3.36 · | 2018-09-12 13:13:08+00:00

This gold in the day would have made you one of the richest persons around.

But today that gold is worth only about $50k (300 coins * 5 grams) The millions of dollars quoted are the historical artefact value.

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daemin | karma 1897 | avg karma 1.52 · | 2013-11-05 04:29:41+00:00

I'm a bit dubious of that scale. Like what can you buy in a shop for gold or silver bullion? I know friends that trade in silver coins, but I don't see them walking into a store to buy things with such coinage.

chrisco255 | karma 12721 | avg karma 2.19 · | 2021-05-31 01:09:29+00:00

This is how cash and gold worked for thousands of years.

nly | karma 10886 | avg karma 2.88 · | 2021-04-17 14:40:12+00:00

There have been buyers of gold for thousands of years though

olyjohn | karma 3339 | avg karma 2.21 · | 2023-10-04 13:11:31

What are you going to do, cut up your gold into tiny bits to give to people? Gonna keep a scale with you and weigh it out exactly based on the market rate? It seems pretty useless for spending on supplies and food if you ask me.