Two Letters Re: A Response to Ideas Concerning a Post-Collapse World
Hugh, J.L.’s article was a little light on the math. I would assume (assumption #1) that the “Christian Era” referred to in “A Response to Ideas Concerning a Post-Collapse World” started with the birth of Jesus (hence the “A.D.” in our dating system). Given that as the starting point, 5 pennies (were they modern-day pennies, assumption #2) invested at 5% annually for roughly 2,000 years would now be worth $214,703,801,016,035,000,000,000,000,000,000,000,000,000, according to my Excel spreadsheet calculations. Converting that dollar amount to gold (a more compact measure of value than copper coin) at $1308 (5/6/14 at 2 PM, Kitco, assumption #3) …