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by unknown_apostle
1613 days ago
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Not as an investment vehicle but as a savings vehicle: it did better than the average 800-year old bond or 800-year old company share. Numismatic premium aside; the gold maintained its value throughout war, tyranny and pestilence. It would presumably also survive a G8 summit ordering major internet providers to block port 8333. |
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In the past century, gold has underperformed U.S. equities and has not, in any case, held its value very well. It's been quite volatile, e.g. falling 30% in 2013.
The article doesn't say how much gold this coin contains, but its value is essentially 100% numismatic.
[1] https://www.thebalance.com/gold-price-history-3305646
[2] https://thehistoryofengland.co.uk/resource/medieval-prices-a...