Today is the birthday of science fiction author Harry Harrison, who is best known for his Deathworld [1] trilogy. (He was born in 1920 and died in 2012.)
On March 12, 1850, the first U.S. $20 gold piece was issued. The current bullion (melt) value of a $20 gold piece (not even considering any numismatic value) is about $1,185. Lesson learned: Trust gold, not paper.
Comments Disabled To "Preparedness Notes for Monday – March 12, 2018"
#1 Comment By Deplorable Silver Stacker On March 12, 2018 @ 1:37 pm
It’s not that the value of gold has INCREASED, it’s that the value of the fiat paper dollar has DECREASED.
#2 Comment By Deplorable Silver Stacker On March 12, 2018 @ 3:44 pm
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).
#3 Comment By DC On March 12, 2018 @ 6:16 pm
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:
[2]