Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (24660)	6/7/2011 3:11:51 PM
From: Tommaso	2 Recommendations Read Replies (1) \| Respond to of 119360

Looking it up. So far: In 1124, a disgusted Henry I had 94 mint workers castrated for producing bad coins. Nicholas Mayhew wrote in Sterling: the rise and fall of a currency: "It was the earliest, and certainly the bloodiest, of a series of attempts which were to take place over the centuries to restore confidence in sterling."

To: carranza2 who wrote (24660)	6/7/2011 3:46:18 PM
From: Tommaso	Respond to of 119360

The pound stayed at about 1,000 (1974 value pence) for a hundred years up to World War I. Since then, it has declined to 16. That's a loss of over 98% of its value in the last century. parliament.uk I am having a lot more trouble estimating the Swiss Franc. Looks like a decline of maybe 60% from a hundred years ago might be a reasonable guess. That makes it several times more valuable than either the dollar or the pound over a similar time period. But of course it is now fiat, too. I thought of it as worth 25 cents when I first encountered it long ago. Now it's worth more than a dollar in current exchange.