Bad long term investment

[BrilloPad]

Do you care what your money will be worth in 2000 years?

You can't take it with you.

[KentPhilip]

The other point is it doesn't say whether the original value was the value in terms of the weight of the gold in the coins, or a FIAT value of the currency itself.

For example the bank of England might bring out a million pound gold coin. So get 100 of them and they are worth £100 million. But in 2000 years when the world has been taken over by the Chinese the pound will no longer exist and their value will be their value in gold weight terms only, and less than £100 million.

[Sysman]

Ms Plouviez said their value when in circulation had been estimated at a modern equivalent of between £500,000 and £1m, but they were likely to be worth less than that now.

I don't know. You invest in gold for 2000+ yrs and make a loss.

Supply and demand. A lot more gold has been mined in the last 2000 years.

This is a little known fact, but the Spanish suffered a drop in the price of silver because they were mining so much in South America. Same principle.

[_V_]

I thought gold was a good bet?

http://news.bbc.co.uk/1/hi/england/suffolk/7835228.stm

One of the UK's largest hauls of Iron Age gold coins, which would have been worth in today's money up to £1m, has been found in Suffolk.

The 824 so-called staters were found in a broken pottery jar buried in a field near Wickham Market by a local man using a metal detector.

Jude Plouviez, of the Suffolk County Council Archaeological Service, said the coins dated from 40BC to AD15.

They are thought to have been minted by predecessors of Iceni Queen Boudicca.

Ms Plouviez said their value when in circulation had been estimated at a modern equivalent of between £500,000 and £1m, but they were likely to be worth less than that now.


I don't know. You invest in gold for 2000+ yrs and make a loss.