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To: William JH who wrote (112134)7/11/2001 4:29:16 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
it still was likely more expensive than today in inflation adjusted terms. considering that at the time of King Solomon's reign the global economy was more fragmented than today, and information travelled at a much slower pace, it is also quite possible that cheap silver in Jerusalem didn't mean cheap silver elsewhere (besides, contrary to today, there was no paper/fiat money standard to measure it against - silver WAS money. so i actually think what this passage of the bible means is that Jerusalem became rich during King Solomon's reign).



To: William JH who wrote (112134)7/11/2001 4:29:52 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<The all-time low for silver was probably during the reign of Solomon: "The king made silver as common in Jerusalem as stones..>>

Nah, it broke support on the 100 year charts at 1 common stone/oz last week....<G>



To: William JH who wrote (112134)7/13/2001 12:20:02 PM
From: Moominoid  Respond to of 436258
 
Verse 29 says that a horse cost 150 Sheqel of silver and an Egyptian chariot 600. Just need to dig out how many grams a Sheqel was. I knew once.