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To: csvset
Ms Plouviez said their value when in circulation had been estimated at a modern equivalent of between £500,000 and £1m, but they were likely to be worth less than that now.

Yea, right. The credit-crunch has hit everything bad, and mark-to-market I guess. Perhaps future arch-heads might dig-up ancient CDS's and interest swaps for historians to ponder, and display at museums. :)
6 posted on 01/18/2009 7:13:57 AM PST by Freedom4US
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To: Freedom4US
but they were likely to be worth less than that now
Is this a clearly stupid comment, or is there something I'm missing?
10 posted on 01/18/2009 7:24:15 AM PST by Clara Lou
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To: Freedom4US

Instead of burying their money, if they had invested it with a 1% annual rate of return after taxes and inflation, today it would be worth around $700 trillion.


12 posted on 01/18/2009 7:36:43 AM PST by Reeses (Leftism is powered by the evil force of envy.)
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To: Freedom4US
Carbon credit offsets. Good as gold.

Good as money in the bank... is that before bailout good or after bailout good?

14 posted on 01/18/2009 7:41:08 AM PST by csvset
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