Denseman on the Rattis

Formerly known as the Widmann Blog



gold coins
Originally uploaded by technicolor.

In the old days before the gold standard was abandoned, one ounce of gold cost £3 17s 10.5d, or US$20.67, or 77.18 Scandinavian crowns.

That shows something about the inflation that has taken place since then. These days, a troy ounce costs £341, or US $683, or DKK 3740.

Perhaps I should go out and buy some gold…

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