This video estimates the amount of gold in the Roman Empire - and the approximate chances of that gold ending up in your smartphone.How much Gold did the Romans have - and where is it now? | December 7, 2022 | toldinstone
Posted on 12/08/2021 10:07:03 AM PST by SunkenCiv
This video estimates the amount of gold in the Roman Empire - and the approximate chances of that gold ending up in your smartphone.
How much Gold did the Romans have - and where is it now? | December 7, 2022 | toldinstone
(Excerpt) Read more at youtube.com ...
Good video. To spoil the conclusion, only a tiny amount of the old in circulation dates to ancient times. The vast majority of it has been mined since 1950.
That’s one reason I don’t support a gold standard. Too much instability. One big discovery, or some clever person finds a more efficient way to mine and all of a sudden the supply of gold doubles and the price collapses.
As the toldinstone guy noted, two-thirds of all the gold ever mined has happened since about mid-20th century, and about half of it since I was born. Once a gold-laden asteroid is found and processed, gold will be nearly as cheap as aluminum.
Well put.
:^) Lately I’ve watched a few Bond pictures, I think Goldfinger is next.
Spanish landscape after Roman hydraulic mining for gold
https://en.wikipedia.org/wiki/Las_M%C3%A9dulas
When the Eastern Roman Emperor Anastasius died in 518, he left 23,000,000 gold solidi (320,000 pounds of gold or 420 long tons) in the treasury.
Yup, if it weren’t for some plagues, and self-defeating internal struggles, the Roman Empire would have lasted much longer. As it is, it didn’t finally come down until 1453, a mere 39 years before Columbus sailed.
“That’s the cool thing about gold, unless it’s shot into space every iota of it is still here somewhere. Some of it is found daily.”
Except for the gold we had created.
It wasn’t me.
During WW II my dad and others, with Patton’s Third Army found a lot of gold in a bank vault. Unlike the Clint Eastwood movie, they were forced to give it back.
Now what ever happened to all that Aztec Gold the Spanish, in 1936-1939, sent to Russia for safekeeping.....It also disappeared.
Yeah and if you ever look at how many ounces of gold have been mined and divide it over the number of people on the planet, it comes out to a fraction of an ounce per person.
We’ll have to have really really small coins.
And since mining won’t keep up with population growth or the supply of goods, a gold standard is a certain recipe for constant deflation, except when major new finds occur.
And we’ll all need test kits to see if the coins are fake or plated instead of real gold.
Goldfinger? Or GoldMember? Maybe Goldfarb? Or Dr Goldfoot?(Watch out for the Girl Bombs!)
I know Russia is the first place I think of when it comes to keeping gold safe. They’ll make it disappear.
From years ago this nice ditty.
“Gold is where you find it, but you always find Silver, under the Lone Ranger.”
Marcus Crassus had a belly full.
If I remember my history, one of the Roman Emperors needed gold, and had none, so he made brass coins and plated them with silver. It caused a high inflation rate in ancient Rome.
Much like our “clad” coins LBJ foisted off on us back in 1965.
Oak Island
The Romans forced the Carthaginians to pay tribute in talents of gold [ tons and tons of it]. When Carthage was destroyed the Romans went looking for the Carthaginian treasure. Nothing was found. Subsequent Roman emperors also went to Carthage, dug it up looking for the Carthaginian gold. Nothing. The Carthaginian fleet held off the Roman fleet whilst the Carthage elites, Elders and rear guard fled off with the treasure. The Carthaginians got their gold in African mines before the Romans were even born. The Carthaginians colonized the Gold Coast of Africa with 30,000 people and other places in Africa for 200 years before the Romans even were born. The Carthaginians fled westward away from the Romans with their treasure. The Iroquois have tales and legends of a bearded people who came to America, founded some ciies, had a battle. The Iroquois had no use for the gold so they just left it there. When the Dutch came to the Hudson River, they started killing the Lower Hudson River Indians for their red gold bracelets etc. [Cf. Henry Hudson`s sailor`s account.] they were wearing. When the Iroquois along the Mohawk River heard about this, they picked up all the gold and hid it in a cave. Some of The Carthaginians` gold was in the form of coins, probably, as their silver coins show an elephant on one side. Not one gold coin from Carthage that has an elephant on it has ever been found anywhere in the world, except one. It is pure gold, assayed in New York City in 1950` or later ?? It was was found in a cave in the mountains by a 2 Mohawk boys who knew where the gold cave was. They brought their white boy friend to the gold cave in 1840. The coin is still in a museum and can be seen today. It was handed down from the great grandfather. I heard stories of this “picking up the gold and hiding it in a cave coz the white man would kill you just to get the gold” story from my grandfather in my family oral tradition handed down since the 1850`s. I have a color pic photo of the elephant coin...It`s in my book...The Carthaginians even made it to England.
Do we take this information with a grain of sand or a pound of salt;)
Queen Dido originally fled Tyre with the Phoenician treasure in 813 BC to escape from her brother Pygmalion who had killed her husband, the King of Tyre. She went thence to Cyprus and on to found Carthage...so it is a double treasure trove plus probably silver from Carthaginan mines in Spain......Silver is also hidden in a cave only 3 miles from the gold cave, but buried by a landslide in 1953; silver cave was found and attested to by an old Revolutionary War soldier`s account/diary told in 1797 before the Indian wars started in the 1800`s. Silver cave/Mine and silver was seen in 1953 by my friend before it was covered by the landslide..The silver was in bars, not coins. Some silver bars were recovered by the locals here just before the landslide.. Another 2 silver caves/mines were found one mile east & north resp., of the gold cave by a local historian in the late 1800`s. Another 2 silver caves were discovered in 1942, seven miles south of the gold cave in 1942 by a local historian.
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