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E-Mail 'Preparedness Notes for Monday - March 12, 2018' To A Friend
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It’s not that the value of gold has INCREASED, it’s that the value of the fiat paper dollar has DECREASED.
I read several of HH’s earlier books, a couple in The Stainless Steel Rat series and West of Eden (I may still have that one in my dusty archives).
According to Wikipedia the Liberty Head/Double Eagle weighs 1.0750 troy ounces. Being 90% gold, its gold content is 0.9675 troy ounce. So, its value is 0.9675 x $1320 (today’s gold spot value) = $1277.10.
Here is a site that lists gold coin composition, weight and melt value:
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It’s not that the value of gold has INCREASED, it’s that the value of the fiat paper dollar has DECREASED.
I read several of HH’s earlier books, a couple in The Stainless Steel Rat series and West of Eden (I may still have that one in my dusty archives).
According to Wikipedia the Liberty Head/Double Eagle weighs 1.0750 troy ounces. Being 90% gold, its gold content is 0.9675 troy ounce. So, its value is 0.9675 x $1320 (today’s gold spot value) = $1277.10.
Here is a site that lists gold coin composition, weight and melt value:
https://www.ngccoin.com/price-guide/coin-melt-values.aspx?MeltCategoryID=1&BaseMetal=US-Gold-Coin