GOLD: Demonstrating the eternal value of commodity money

http://news.bbc.co.uk/2/hi/middle_east/7797977.stm

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An amateur British archaeologist has discovered almost 300 gold coins dating from the 7th Century at a dig just outside Jerusalem’s Old City.

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Wonder how much a paper IOU from the then Byzantine Emperor Heraclius would be worth today?

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This entry was posted on Tuesday, December 30th, 2008 at 18:37 and is filed under GOLDBUG. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

One Response to GOLD: Demonstrating the eternal value of commodity money

  1. John F's avatar John F says:
    Wednesday, December 31, 2008 at 08:25

    Probably a lot…imagine if you had actual currency from those times, it would capture a fortune at the auctions. :-)

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