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Mining.com/Rob Tyson/11-6-2020
“One of the things he researched was how much Roman army bigwigs were paid back in the day (around 2000 years ago). According to the meticulous Roman records of the time, their centurions were paid in coins, and the value of the gold in those coins at the time translates more or less equally into the $ value salary of a modern day US army captain. This, along with various other examples, indicates that ‘the same amount of gold had the same value relative to household expenses in the Roman Empire as it does now. …. That means over all those centuries, the rise in the price of gold has equalled the rise in overall prices.”’
USAGOLD note: This article makes a strong argument for gold’s long-term utility as a store of value. For those whose interest level has risen in the wake of yesterday’s sharp decline, this article will serve as a thorough introduction to the fundamental philosophy arguing in its favor.
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